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Evaluate how high barriers to entry into the industry may influence your company’s long-run profitability.

by | Nov 11, 2022 | Economics | 0 comments

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Select one real-world company to use for the Week 4 assignment.
In your paper,
Distinguish among four market structures: perfect competition, monopolistic competition, oligopoly, and monopoly in this order.
Identify your company’s market structure (i.e., perfect competition, monopolistic competition, oligopoly, and monopoly).
Explain your reasoning.
Examine whether competitive pressures are present in your company’s industry with high barriers to entry.
Evaluate how high barriers to entry into the industry may influence your company’s long-run profitability.
Explain the price elasticity of demand in your company’s market structure and its effect on your company’s pricing decision.
The Market Structures paper
Must be three to five double-spaced pages in length (not including title and references pages) and formatted according to APA Style Links to an external site.as outlined in the Writing Center’s APA Formatting for Microsoft WordLinks to an external site.
Must include a separate title page with the following:
Title of paper in bold font
Space should appear between the title and the rest of the information on the title page.
Student’s name
Name of institution (University of Arizona Global Campus)
Course name and number
Instructor’s name
Due date
Must utilize academic voice. See the Academic Voice Links to an external site.resource for additional guidance.
Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.

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