Characteristics of the market

Reference no: EM13785769

You have been hired as a consultant by your local mayor to look at the various market structures. Your role is to provide analysis and answers to these important questions that will help the mayor understand the structures of many of the businesses in his city:

Describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, and monopoly) and discuss two of the market characteristics of each market structure.
Identify one real-life example of a market structure in your local city and relate your example to each of the characteristics of the market.
Describe how high entry barriers into a market will influence long-run profitability of the firms.
Explain the competitive pressures that are present in markets with high barriers to entry.
Explain the price elasticity of demand in each market structure and its effect on pricing of its products in each market.
Describe how the role of the government affects each market structure's ability to price its products.
Discuss the effect of international trade on each market structure.

Your paper will need to include a title page, a reference page, and in-text citations properly formatted according to the APA style guide. Also, your content should be eight to ten pages, which does not include your reference or title page. You will need to include at least five scholarly sources from the Ashford Library in your paper as part of your research to support your analysis.

Reference no: EM13785769

Questions Cloud

Define the strategic nature of employee training and develop : Define the strategic nature of employee training and development

What is a conceptual design process : When designing and developing a database, it is imperative that we utilize a conceptual design process. What is a conceptual design process

Describe some typical pairs of entities : Describe some typical pairs of entities that you think might be common in business, and describe their relationships, whether many-to-many, one-to-many, many-to-one, or one-to-one. Explain why you think that a particular relationship applies to th..

Discussion is your reflection on the impact of the film : The purpose of this assignment is to increase your awareness of cultural issues in movies and or documentaries. You are to select a movie or documentary for viewing. It is suggested but not required, that you select a film representing an ethnic g..

Characteristics of the market : Identify one real-life example of a market structure in your local city and relate your example to each of the characteristics of the market.

Positive psychology on designing personal goals : What is the specific behavior you want to change? (50-100 words). Why would it be a value to stop this behavior or learn a new behavior or skill? (100-150 words)

Kaiser permanente implements her system : Compose a survey of the industry's use of electronic health record and management of its related issues such as data-sharing, security, privacy, regulation compliance

Enhance the managerial decision-making process : Explain how a basic understanding of these concepts, as well as of managerial economics, can enhance the managerial decision-making process.

Transference and countertransference : At an inpatient residential treatment facility, a depressed client unrelentingly begs the attending consultant for a weekend discharge pass. While begging for the pass, the client states, "You remind me so much of my brother. He was always such an..

User Account

All Pages