Imperfect
Competition

Case
Assignment

Competition and Market Power

Review the following questions and
prepare a 4- to 5-page paper on the following questions:

1. Explain the difference between the demand curve facing
   a monopoly firm and the demand curve facing a perfectly competitive firm.
2. Which of the following is (are) most likely to be
   produced under conditions resembling a monopoly: oil, automobiles,
   diamonds, electricity transmission, and eggs. Defend your answer in
   economic terms.
3. Name one monopoly firm you deal with. What is the
   source of its monopoly power? Do you think it seeks to maximize its
   profits?
4. This module focuses on four types of firms:
   1. perfectly competitive
   2. monopoly
   3. monopolistic competitive
   4. oligopoly

Which of the above firms would most
likely have zero economic profit in the long run? (It can be more than one
type.) Explain.

Assignment
Expectations

Use concepts from the modular
background readings as well as any good-quality resources you can find. Be sure
to cite all sources within the text and provide a reference list at the end of
the paper.

Length: 4–5 pages double-spaced and
typed.

The following items will be assessed
in particular:

• Your ability to understand the differences between
  perfect and imperfect competition.
• Some in-text references to the modular background
  material (APA formatting not required).
• The essay should address each element of the
  assignment. Remember to support your answers with solid references
  including the Case readings.

 

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I was caught breaking the honor code at my institution, so this case study and the questions you answer should reflect on how i learned from my decisions and etc!! Make it all tie together.
I also provided an example of how it should look attached below!!! (Case Study)
I also Provided the actual rubric and instructions attached below please read carefully!!!! and follow guidelines
(2018 student action plan and assignment)
– Write an essay reflecting upon the situation, what you have learned from it, and how it relates to your situation. Consider the following questions as a part of your reflections: what did you learn from this incident? If you could go back to before the incident and make changes, what would you do differently? How will you avoid this type of situation in the future? (400 words) You should consider this paper to be no different than one you would submit to a professor for a class.
https://sabr.org/research/black-sox-scandal-bill-lamb
 
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