Market Structures paper

Distinguish among four market structures: perfect competition, monopolistic competition, oligopoly, and monopoly in this order.

Identify your company’s market structure (i.e., perfect competition, monopolistic competition, oligopoly, and monopoly).
Explain your reasoning.

Examine whether competitive pressures are present in your company’s industry with high barriers to entry.

Evaluate how high barriers to entry into the industry may influence your company’s long-run profitability.

Explain the price elasticity of demand in your company’s market structure and its effect on your company’s pricing decision.
The Market Structures paper

Must be three to five double-spaced pages in length (not including title and references pages) and formatted according to APA Style (Links to an external site.) as outlined in the Writing Center’s APA Formatting for Microsoft Word (Links to an external site.)