Perfect competition and monopoly are at opposite ends of the competition spectrum. The other two market structures, monopolistic competition and oligopoly fall in between these 2.
After carefully studying the characteristics of market structure, you are to identify and research a firm (or business unit of firm) operating in one of the following market structures (choose one market type to write about) (a) Perfectly Competitive (or very close to competitive such as family farm grain production business) or (b) Monopolistic Competition or (c) Oligopoly or (d) Monopoly.
Identify the firm, what it produces (products or services), and market structure (and rationale for why you think it belongs in your selected market structure category).
Identify major competitors.
Discuss the nature of competition in industry in terms of pricing, production, strategic positioning of product/service offerings, etc.
Discuss barriers to entry and how this is relevant to identified market structure.
Your write up should be no more than 4 double-spaced pages. (fonts should be 12 points). You must make a well thought out, concise, paper. Be sure to support your work with specific examples. Be sure to submit your assignment as a word document through the online course site. Be sure to conduct additional research and include your research references cited in APA format at the end of your paper.
Your assignment should be approximately 1,000 words in length (typically, four double-spaced pages), not counting cover page, reference list page, appendices, figures, or tables.
Your assignment should include a title page and a reference list page, and be completed in Times New Roman 12-point font, double-spaced, with appropriate header, page numbers, one-inch margins, and meet all other requirements of APA Stylebook.
Please cite your additional resources used/referenced in the most current APA format.
An abstract is not required.
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