eco 204 final

timer Asked: Sep 4th, 2013
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Question Description

This is due by 9-23, can you help with it?

You have been hired as a consultant by your local mayor to look at the various
market structures. Your role is to provide analysis and answers to these
important questions that will help the mayor understand the structures of many
of the businesses in his city:

  1. Describe each market structure discussed in the course (perfect competition,
    monopolistic competition, oligopoly, and monopoly) and discuss two of the market
    characteristics of each market structure.
  2. Identify one real-life example of a market structure in your local city and
    relate your example to each of the characteristics of the market.
  3. Describe how high entry barriers into a market will influence long-run
    profitability of the firms.
  4. Explain the competitive pressures that are present in markets with high
    barriers to entry.
  5. Explain the price elasticity of demand in each market structure and its
    effect on pricing of its products in each market.
  6. Describe how the role of the government affects each market structure’s
    ability to price its products.
  7. Discuss the effect of international trade on each market structure.

Your paper will need to include a title page, a reference page,
and in-text citations properly formatted according to the APA style guide. Also,
your content should be eight to ten pages, which does not include your reference
or title page. You will need to include at least five scholarly sources from the
Ashford Library in your paper as part of your research to support your

Tutor Answer

School: UCLA

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Top quality work from this guy! I'll be back!

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