{"id":21272,"date":"2023-06-01T13:19:53","date_gmt":"2023-06-01T13:19:53","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/here-are-four-market-models-perfect-competition-monopolistic-competition-oligopoly-and-monopoly-briefly-discuss-the-assumptions-of-each-of-these-four-models-and-give-examples-of-each\/"},"modified":"2023-06-01T13:19:53","modified_gmt":"2023-06-01T13:19:53","slug":"here-are-four-market-models-perfect-competition-monopolistic-competition-oligopoly-and-monopoly-briefly-discuss-the-assumptions-of-each-of-these-four-models-and-give-examples-of-each","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/here-are-four-market-models-perfect-competition-monopolistic-competition-oligopoly-and-monopoly-briefly-discuss-the-assumptions-of-each-of-these-four-models-and-give-examples-of-each\/","title":{"rendered":"here are four market models:  perfect competition, monopolistic competition, oligopoly and monopoly.  Briefly discuss the assumptions of each of these four models and give examples of each."},"content":{"rendered":"<p><span style=\"font-size: 13.3333px; cursor: auto; color: inherit;\">There are four market models:&nbsp; perfect competition, monopolistic competition, oligopoly and monopoly.&nbsp; Briefly discuss the assumptions of each of these four models and give examples of each.&nbsp; Explain the long run economic profit earned by each of the four.&nbsp; Explain how the concept of economic profit might help explain the rationale for the government\u2019s granting of monopolies to those firms that protect their product with a patent.<\/span><\/p>\n<div><span style=\"font-size: 13.3333px; cursor: auto; color: inherit;\"><br \/><\/span><\/div>\n<div><span style=\"font-size: 13.3333px; cursor: auto; color: inherit;\">**MUST USE ONLY SCHORLARY JOURNALS FROM PROQUEST DATABASE. MUST USE INTEXT CITATIONS AND HAVE A REFERENCE PAGE<\/span><\/div>\n<div><span style=\"font-size: 13.3333px; cursor: auto; color: inherit;\"><br \/><\/span><\/div>\n<div><span style=\"font-size: 13.3333px;\">Class book:<\/span><\/div>\n<div><span style=\"font-size: 13.3333px; cursor: auto; color: inherit;\">Managerial Economics, 7th Edition<\/span><br style=\"font-size: 13.3333px; cursor: auto; color: inherit;\"><span style=\"font-size: 13.3333px; cursor: auto; color: inherit;\">Keat, Young and Erfle<\/span><br style=\"font-size: 13.3333px; cursor: auto; color: inherit;\"><span style=\"font-size: 13.3333px; cursor: auto; color: inherit;\">ISBN: 9780133020267<\/span><span style=\"font-size: 13.3333px;\"><br \/><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>There are four market models:&nbsp; perfect competition, monopolistic competition, oligopoly and monopoly.&nbsp; Briefly discuss the assumptions of each of these four models and give examples of each.&nbsp; Explain the long run economic profit earned by each of the four.&nbsp; Explain how the concept of economic profit might help explain the rationale for the government\u2019s granting [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[710],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/21272"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=21272"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/21272\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=21272"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=21272"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=21272"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=21272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}