You are expected to write a 2-3 page research paper discussing the following topic. *DO NOT EXCEED 3 PAGES (page count does not include title page or reference page). References and citations are...

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You are expected to write a 2-3 page research paper discussing the following topic. *DO NOT EXCEED 3 PAGES(page count does not include title page or reference page).References and citations are expected - minimum 2 references. This should be in paragraph format with headings. This is to be a professional research paper. Be sure to carefully check spelling and grammar.*For proper APA referencing/citation select link here:APA Referencing/Citation(Links to an external site.)



Market Structure:Compare and contrastperfect competition,monopolistic competition, oligopoly competition, and monopoly*. Define each of the four competitive markets and identify 3-4 key attributes of each type of competition. Also, identify at least one industry for each of these market structures. Finally compare and contrast these market structures from an economic standpoint.*When discussing monopoly discuss the difference between a monopoly and a natural monopoly.




Paper layout:


Heading (centered)


Paragraph 1: Introduction on what you will be discussing


Heading (centered)


Paragraph 2: (may carry into 3rd paragraph): Define perfect competition, identify 3-4 key attributes and discuss one industry that fits in this competitive market structure


Heading for each of additional market structures (centered)


Paragraphs X, Y, Z: Then continue on with the additional market structures each having their own paragraph (or two)


Heading (centered)


Final paragraph(s): After completing your research: compare and contrast the key points that make some of these competitive markets similar and/or different from one another. All competitive market structures should be discussed in this section at least once. Some market structures may have similarities or differences with more than one market structure.



This assignment will be submitted through Unicheck Plagiarism Checker. If you scored above 10% match please edit and resubmit your paper.

Answered 2 days AfterNov 08, 2021

Answer To: You are expected to write a 2-3 page research paper discussing the following topic. *DO NOT EXCEED 3...

Komalavalli answered on Nov 11 2021
108 Votes
Introduction
Market structures depict the relationships that exist between vendors and other sellers, as well as between sellers and purchasers. Let us dive into the u
nderstanding of this market structure with an analysis on different industries.
Perfect competition
Perfectly competitive market system in which several enterprises sell comparable items and profits are almost non-existent owing to strong rivalry.
Attributes of Perfect competition
Homogenous product: Similar items are sold by rivals. In economic language, this is referred to as 'homogenous.' In layman's terms, it shows that the things are equivalent. Individual businesses may appear alike to the average client. As a result, the ability and willingness to change are straightforward and uncomplicated.
Firms can readily enter and depart the market due to free entrance and exit. This might be in the form of cash, time, or information. The oil and gas industry, for example, demands a considerable initial investment. As a result, competitors confront an entry hurdle. In the absence of perfect competition, these costs do not exist or are minimal. A vast number of vendors: In a totally free market economy, there are many buyers and sellers. As a result, businesses are said to as 'price takers.' In other words, the firm should sell at the 'equilibrium' price, which is the price at which the firm sells when market forces are equal.
Agriculture
This market's products are quite similar. General crops farmed by a significant number of farms include potatoes, cereals, and carrots. Because the product is uniform, it is simple to acquire and cultivate some area. Furthermore, exiting the market is...
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