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Pick a company that fits into a market structure of your choice, or a situation that did or could have led to a specific market structure like a monopoly or perfect competition (throughout history). Use this as the framework for your assignment. You may not use the company you used for the Commons assignment. You will be expected to do research on the company/situation, as well conduct any additional research as you deem necessary to answer all of the questions. In order for me to continue to gauge your understanding of the concepts that we've looked at throughout this unit, you must answer the following questions: • What market structure is your company in, and why is/has your chosen company/situation considered one? What do they do that makes them that? Briefly describe the other 3 types of markets, and explain with examples why your company is or isn't one. What graphs or curves may be used to understand the difference between these markets? • • What graphs are used to emulate your market structure? You may choose to include a graph(s), or a description(s), or both • Is the service/product that is provided elastic or inelastic? Why? How does this impact market structure status? Formatting/Tips: Spend approximately 250 words on each of the parts above Double Spaced 12 Point Font Proper Referencing of and Resources in Chicago Style Pick a company that fits into a market structure of your choice, or a situation that did or could have led to a specific market structure like a monopoly or perfect competition (throughout history). Use this as the framework for your assignment. You may not use the company you used for the Commons assignment. You will be expected to do research on the company/situation, as well conduct any additional research as you deem necessary to answer all of the questions. In order for me to continue to gauge your understanding of the concepts that we've looked at throughout this unit, you must answer the following questions: • What market structure is your company in, and why is/has your chosen company/situation considered one? What do they do that makes them that? Briefly describe the other 3 types of markets, and explain with examples why your company is or isn't one. What graphs or curves may be used to understand the difference between these markets? • • What graphs are used to emulate your market structure? You may choose to include a graph(s), or a description(s), or both • Is the service/product that is provided elastic or inelastic? Why? How does this impact market structure status? Formatting/Tips: Spend approximately 250 words on each of the parts above Double Spaced 12 Point Font Proper Referencing of and Resources in Chicago Style
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Company Apple Inc Market Structure Monopolistic Competition Explanation Apple Inc operates in a monopolistic competition market structure In this mark... View the full answer
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
Posted Date:
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