ECO 365 Week 4 Differentiating Between Market Structures

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ECO 365 Entire Course Link
https://uopcourses.com/category/eco-365/
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ECO
365 Week 4 Differentiating Between Market Structures

 

You will apply
important microeconomics concepts toward the competitive strategies of an
organization that operates in an industry of your choice. You will evaluate the
differences between market structures and identify a group of competitive
strategies consistent with the market structure that best aligns with the
market in which the organization competes. You will assess how the market
structure positively and negatively affects the organization's ability to earn
an economic profit over time and evaluate the effectiveness of the
organization's competitive strategies.

Select an industry. Identify an
organization in that industry. Your selected organization must be submitted for
instructor approval.

Identify the market structure in which this
organization competes. Clearly indicate why the market structure was decided
upon and how this market structure differentiates from the other
alternatives. 

Describe the level of competition the
organization will face if under each of the following market structures: 


  • Oligopoly

  • Perfect competition

  • Monopoly

  • Monopolistic competition



Identify three or more competitive strategies
of your choice that may be used by the organization to maximize its profits
over the long run. Evaluate the effectiveness of these strategies in the market
structure you identified. Consider the following: 


  • Expected changes in supply and demand

  • Price elasticity of demand

  • Market structure

  • Government regulations



Make recommendations related to the
strategies the organization might consider to maximize its profits and consider
the following: 


  • What are the ethical implications of these
    strategies?

  • Does this strategy align with the organization's
    current values?

  • Does this strategy align with your own values?



Cite a minimum of 3 peer reviewed sources.

Select one of the following two assignment
options:

 

Option 1: Paper:

Write a 1,400- to 1,750-word paper. 

Format consistent with APA guidelines.

Click the Assignment Files tab to submit your
assignment.

 

Option 2: PowerPoint® Presentation:

Create a 15- to 20-slide Microsoft®
PowerPoint® presentation including detailed speaker notes.

Click the Assignment Files tab to submit your
assignment.
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