I need an essay on the below mentioned topic in APA format

timer Asked: Dec 26th, 2018
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Question Description

I need an essay on the below mentioned topic in APA format

Oligopoly and Monopolistic Competition

1. Review at least five (5) academically reviewed articles on Oligopoly and Monopolistic Competition. Complete the following activities:

2. Summarize all five (5) articles in 300 words or more. Please use your own words. No copy-and-paste. No Wikipedia articles

3. Discuss at least 3 different concepts presented in the articles. As a manager, how would you apply the three (3) concepts you identified in a production/service organization. Support your discussion with appropriate examples from your own work related experience or research. Please note that I do check originality. Copy-and-paste will result to zero grade

Tutor Answer

School: University of Maryland




Market Structures
Student’s Name
Institutional Affiliation


Oligopoly Market Structure

According to Mansfield (2007), oligopoly is a market structure characterized by a few
large sellers that supply the whole market and the product they sell may or may not be
differentiated. Below are the main characteristics of this market structure are:
Interdependence: A company that operates in this market must take the potential reactions of its
competitors when making its own decisions.
Strategy: Companies must wait for the response of the closest competitor to any change in price
or price activity without cost.
Rigidity of prices in the market: Because a producer cannot predict the reaction of other
producers in the market in case prices ...

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