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Market StructureYou 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. 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 analysis.Writing the Final PaperThe 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 paperStudent's nameCourse name and numberInstructor's nameDate submittedMust 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 at least five scholarly resources from the Ashford University Library.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.
What type of barriers to entry exists in this industry and how did Virgin Mobile manage to enter into this industry and Justify why it is beneficial for existing firms to attempt to create such barriers.
According to studies undertaken by the US Department of Agriculture, the price elasticity of demand for cigarettes is between - 0.3 and - 0.4 and the income elasticity is about + 0.5.
A job order cost accounting system is fully integrated into the general ledger of a company. Identify the major general ledger accounts used in a job order cost system
1. research how externalities impacted the development of communication infrastructure- both positively and
suppose that the capital machines in a particular plant is fixed in the short run and is equal to k 2. thus the only
Hiring more supervisory personnel can reduce the principal-agent problem and decrease costs. can reduce the principal-agent problem but increase costs. will eliminate the principal-agent problem. is contrary to the profit incentive.
a compare the initial sum of profits of the two individual firms p1 p2 with the profits of the merged firm pa. explain
If the government chooses to distribute the permits, does the allocation of permits among firms matter for efficiency? Does it matter in any other ways?
Which of your current costs are implicit, and which are explicit and suppose The Breakfast Club, Inc. offers to pay $800/month to use the building
Suppose that Serendipity Bank has excess reserves of $8,000 and checkable deposits of $150,000. Instructions: Enter your answer as a whole number. What level of excess reserves does the bank now have? $____________.
All of the following are characteristics of short-term economic fluctuations EXCEPT:
In each of the following cases, either a recessionary orinflationary gap exists. Assume that the aggregate supply curve ishorizontal so that the change in real GDP arising from a shift ofthe aggregate demand curve equals the size
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