Reference no: EM131596451

Market Model Patterns of Change Paper Requirements

Choose and research a speci?c business where there has been or you predict will be a pattern of change in a particular market model (monopoly, perfect competition, etc.).

I need four to five discussion pages.

1. Describe the business and explain the general pattern of change of the particular market model, indicating how this change is likely to impact business operations.

2. Hypothesize the basic short-run and long-run behaviors of the model in the business you have chosen in a market economy. Provide support for your assumptions and conclusions.

3. Explain the major factors that a?ect the degree of competitiveness in your business. Use available data to develop one to two measures (e.g., productivity measures, cost measures) to show how the industry is evolving. Provide evidence supporting your rationale.

4. Research two (2) of the business's closest competitors to determine the pricing strategy for each business indicating how knowledge of this information may in?uence pricing decisions in your business. Provide support for your rationale.

5. Recommend a pricing policy for the business you chose. Assess how your pricing policy will a?ect the business itself and the industry as a whole.