{"id":22491,"date":"2023-06-30T01:46:24","date_gmt":"2023-06-30T01:46:24","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/market-structures-amacher-r-pate-j-2019-principles-of-microeconomics-2nd-ed\/"},"modified":"2023-06-30T01:46:24","modified_gmt":"2023-06-30T01:46:24","slug":"market-structures-amacher-r-pate-j-2019-principles-of-microeconomics-2nd-ed","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/market-structures-amacher-r-pate-j-2019-principles-of-microeconomics-2nd-ed\/","title":{"rendered":"Market Structures  Amacher, R., &#038; Pate, J. (2019). Principles of microeconomics (2nd ed.)."},"content":{"rendered":"<p style=\"margin: 0px 0px 3px; line-height: normal; cursor: auto; font-size: unset;\"><span style=\"font-weight: bold; cursor: auto; font-size: unset;\">Market Structures<\/span><\/p>\n<p style=\"line-height: normal; cursor: auto; font-size: unset;\"><span style=\"cursor: auto; font-size: unset;\"><\/span><br style=\"cursor: auto; font-size: unset;\"><\/p>\n<p style=\"line-height: normal; cursor: auto; font-size: unset;\"><span style=\"cursor: auto; font-size: unset;\">Reference textbook by Amacher, R., &amp; Pate, J. (2019). Principles of microeconomics (2nd ed.).<span style=\"cursor: auto; font-size: unset;\">&nbsp;<\/span><\/span><\/p>\n<p style=\"line-height: normal; cursor: auto; font-size: unset;\"><span style=\"cursor: auto; font-size: unset;\">Select one real-world company to use for the Market Structures essay.<span style=\"cursor: auto; font-size: unset;\">&nbsp;<\/span><\/span><\/p>\n<ul style=\"cursor: auto; font-size: unset;\">\n<li style=\"line-height: normal; cursor: auto; font-size: unset;\"><span style=\"cursor: auto; font-size: unset;\"><\/span><span style=\"cursor: auto; font-size: unset;\">Distinguish among four market structures: perfect competition, monopolistic competition, oligopoly, and monopoly in this order.<\/span><\/li>\n<li style=\"line-height: normal; cursor: auto; font-size: unset;\"><span style=\"cursor: auto; font-size: unset;\"><\/span><span style=\"cursor: auto; font-size: unset;\">Identify your company\u2019s market structure (i.e., perfect competition, monopolistic competition, oligopoly, and monopoly).<\/span><\/li>\n<ul style=\"cursor: auto; font-size: unset;\">\n<li style=\"line-height: normal; cursor: auto; font-size: unset;\"><span style=\"cursor: auto; font-size: unset;\"><\/span><span style=\"cursor: auto; font-size: unset;\">Explain your reasoning.<\/span><\/li>\n<\/ul>\n<li style=\"line-height: normal; cursor: auto; font-size: unset;\"><span style=\"cursor: auto; font-size: unset;\"><\/span><span style=\"cursor: auto; font-size: unset;\">Examine whether competitive pressures are present in your company\u2019s industry with high barriers to entry.<\/span><\/li>\n<li style=\"line-height: normal; cursor: auto; font-size: unset;\"><span style=\"cursor: auto; font-size: unset;\"><\/span><span style=\"cursor: auto; font-size: unset;\">Evaluate how high barriers to entry into the industry may influence your company\u2019s long-run profitability.<\/span><\/li>\n<li style=\"line-height: normal; cursor: auto; font-size: unset;\"><span style=\"cursor: auto; font-size: unset;\"><\/span><span style=\"cursor: auto; font-size: unset;\">Explain the price elasticity of demand in your company\u2019s market structure and its effect on your company\u2019s pricing decision.<\/span><\/li>\n<\/ul>\n<p style=\"line-height: normal; cursor: auto; font-size: unset;\"><span style=\"cursor: auto; font-size: unset;\">&nbsp;<\/span><\/p>\n<p style=\"line-height: normal; cursor: auto; font-size: unset;\"><span style=\"cursor: auto; font-size: unset;\">The Market Structures paper<\/span><\/p>\n<ul style=\"cursor: auto; font-size: unset;\">\n<li style=\"line-height: normal; cursor: auto; font-size: unset;\"><span style=\"cursor: auto; font-size: unset;\"><\/span><span style=\"cursor: auto; font-size: unset;\">Must be three to four double-spaced pages in length (not including title and references pages)<span style=\"cursor: auto; font-size: unset;\">&nbsp;<\/span><\/span><\/li>\n<li style=\"line-height: normal; cursor: auto; font-size: unset;\"><span style=\"cursor: auto; font-size: unset;\"><\/span><span style=\"cursor: auto; font-size: unset;\">Must include an introduction with thesis statement and conclusion paragraph<\/span><\/li>\n<li style=\"line-height: normal; cursor: auto; font-size: unset;\"><span style=\"cursor: auto; font-size: unset;\"><\/span><span style=\"cursor: auto; font-size: unset;\">Must use at least three scholarly sources<\/span><\/li>\n<li style=\"line-height: normal; cursor: auto; font-size: unset;\"><span style=\"cursor: auto; font-size: unset;\"><\/span><span style=\"cursor: auto; font-size: unset;\">Must include a separate references page that is formatted to APA Style 7th edition<span style=\"cursor: auto; font-size: unset;\">&nbsp;<\/span><\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Market Structures Reference textbook by Amacher, R., &amp; Pate, J. (2019). Principles of microeconomics (2nd ed.).&nbsp; Select one real-world company to use for the Market Structures essay.&nbsp; Distinguish among four market structures: perfect competition, monopolistic competition, oligopoly, and monopoly in this order. Identify your company\u2019s market structure (i.e., perfect competition, monopolistic competition, oligopoly, and monopoly). [&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\/22491"}],"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=22491"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/22491\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=22491"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=22491"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=22491"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=22491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}