Describe how high entry barriers into a market

Assignment Help Microeconomics
Reference no: EM13879809


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:

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.

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.

Describe how high entry barriers into a market will influence long-run profitability of the firms.

Explain the competitive pressures that are present in markets with high barriers to entry.

Explain the price elasticity of demand in each market structure and its effect on pricing of its products in each market.

Describe how the role of the government affects each market structure's ability to price its products.

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.

The Final Paper:

Must be eight to ten double-spaced pages in length and formatted according to APA style as outlined in the approved APA style guide.

Must include a cover page that includes:

Title of paper

Student''s name

Course name and number

Instructor''s name

Date submitted

Must include an introductory paragraph with a succinct thesis statement.

Must address the topic of the paper with critical thought.

Must conclude with a restatement of the thesis and a conclusion paragraph.

Must use APA style as outlined in the approved APA style guide to document all sources.

Must include, on the final page, a Reference Page that is completed according to APA style as outlined in the approved APA style guide.

Verified Expert

Reference no: EM13879809

New law aimed at reducing healthcare costs

Suppose that the president proposes a new law aimed at reducing healthcare costs. All Americans are required to eat one apple daily. How would this apple a day affect the dema

The fed reduces the money supply

Suppose the Fed reduces the money supply by 5 percent. What happens to the aggregate demand curve? What happens to the level of output and the price level in the short run and

Explain the law of supply

Explain the law of supply. Assume the role of a manager in auto tire’s company. What effect will each of the following have on the company’s supply of auto tires and what will

Output the marginal revenue product of labor

if a firm has monopoly power in the market for its output the marginal revenue product of labor a. is no different than for a competitive firm b. is less for each unit of labo

How the government is increasing the minimum wage

Assume you are the owner of a small cafe that employs 15 people, 10 of whom are front-line, unskilled workers, and currently paid the minimum wage. The state government is

Decide marissas course average

In Marissa’s calculus course, attendance counts for 5% of the grade, quizzes count for 10% of the grade, exams count for 60% of the grade, and the final exam counts for 25% of

Why corporate finance is important to all managers

What are at least two (2) reasons why corporate finance is important to all managers? Support your response with examples of activities and events that demonstrate this im

What is the total of autonomous spending

What is the value of the vertical intercept of the aggregate expenditures function when we add net exports. What is the total (equation wise) of autonomous spending with net


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd