Reference no: EM13245933
The assignment cannot be about a company stated in the simulation. If you have any information available please contact me.Prepare a one-page table comparing and contrasting various elements of the four market structures. Format the table as follows:
Row headings should be the four market structures: perfect competition, monopolistic competition, oligopoly, and monopoly.
Use at least eight column headings which should include, but are not limited to:
a. An example of a firm (not a company from the simulation)
b. Goods or services produced by the organization
c. Barriers to entry
d. Numbers of firms
e. Firm's control over price
f. Price elasticity of demand
g. Presence of economic profits in short-run
h. Presence of economic profits in long-run
Write a 500-700-word paper
Select an industry. Identify an organization in that industry. Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon, and how this market structure differentiates from the other alternatives.
You may build your table in Excel and copy the table to a Word document. You should submit your table and paper in one attachment for this assignment.
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