Paper Homework
a) Distinguish among four market structures: perfect competition, monopolistic competition, oligopoly, and monopoly in this order.
b) Identify your company's market structure (i.e., perfect competition, monopolistic competition, oligopoly, and monopoly), explaining your reasoning.
c) Examine whether competitive pressures are present in your company's industry with high barriers to entry.
d) Evaluate how high barriers to entry into the industry may influence your company's long-run profitability.
e) Explain the price elasticity of demand in your company's market structure and its effect on your company's pricing decision.
f) Investigate whether government regulations encourage or discourage your business relative to its industry.
g) Analyze how the role of the government may affect your market structure's ability to price its products.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.