Assignment
Characteristics of the Various Market Structures
The market structures influence how price and output
decisions are made by the firms in their respective structure. In all market
structures, one of the primary goals is to maximize profits or minimize losses.
One of the major differences between these market structures
is how price and output decisions are made, which in turn depends on the
characteristics of each market structure. There are four market structures:
Perfect competition
Monopolistic competition
Oligopoly
Monopoly
Required:
Using Template A, construct a table that describes the
various characteristics of each market structure.
Identify a firm for each of these market structures and
explain why each firm belongs in the market structure identified.
Deliverables:
In a Microsoft Excel document, address each of the questions
above, using text boxes for narratives. Explain your answers and use examples.
Submit your document to the W4: Assignment 1 Dropbox by Wednesday, April 30,
2014.
Create a 5-12 slide PowerPoint presentation that summarizes
your responses to the above-noted questions. DO NOT include the table created
in question 1. Post this assignment to the Week 4 Discussion Area by Wednesday,
April 30, 2014.
Comment on at least two other presentations submitted by
your peers, identifying the strengths and weaknesses of each.
All submissions must be original and all resources must be
acknowledged.
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