Assignment:
Need APA, 1400 word paper that applies important microeconomics concepts toward the competitive strategies of the organization Apple Inc. that operates in the technology industry. This paper would 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. It also 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.
Industry: Technology - The Apple Inc.
1.) Identify the market structure in which the Apple Inc. competes. Clearly indicate why the market structure was decided upon and how this market structure differentiates from the other alternatives.
2.) Describe the level of competition the Apple Inc. would face if under each of the following market structures relative to the market structure you have chosen:
• Oligopoly
• Perfect competition
• Monopoly
• Monopolistic competition
3.) Identify three or more competitive strategies of your choice that may be used by the Apple Inc.to maximize its profits over the long run. Evaluate the effectiveness of these strategies in the market structure you identified (relate strategies directly to the market characteristics). Consider the following:
• Expected changes in supply and demand
• Price elasticity of demand
• Market structure
• Government regulations
4.) Make recommendations related to the strategies the organization might consider to maximize its profits and consider the following:
• Relate to market structure - consider market characteristics
• 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?
5.) Cite a minimum of 3 peer reviewed sources.