ECO 204

Market Structure

You have been hired as a consultant by your local mayor to look at the various market structures. Your role is to provide analysis and answers to these important questions that will help the mayor understand the structures of many of the businesses in his city:


  1. Describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, and monopoly) and discuss two of the market characteristics of each market structure.

  2. Identify one real-life example of a market structure in your local city and relate your example to each of the characteristics of the market.

  3. Describe how high entry barriers into a market will influence long-run profitability of the firms.

  4. Explain the competitive pressures that are present in markets with high barriers to entry.

  5. Explain the price elasticity of demand in each market structure and its effect on pricing of its products in each market.

  6. Describe how the role of the government affects each market structure’s ability to price its products.

  7. Discuss the effect of international trade on each market structure.


Your paper will need to include a title page, a reference page, and in-text citations properly formatted according to the APA style guide. Also, your content should be eight to ten pages, which does not include your reference or title page. You will need to include at least five scholarly sources from the Ashford Library in your paper as part of your research to support your analysis.


Writing the Final Paper

The Final Paper:


  1. Must be eight to ten double-spaced pages in length and formatted according to APA style as outlined in the approved APA style guide.

  2. Must include a cover page that includes:

    1. Title of paper

    2. Student’s name

    3. Course name and number

    4. Instructor’s name

    5. Date submitted

  3. Must include an introductory paragraph with a succinct thesis statement.

  4. Must address the topic of the paper with critical thought.

  5. Must conclude with a restatement of the thesis and a conclusion paragraph.

  6. Must use at least five scholarly resources from the Ashford University Library.

  7. Must use APA style as outlined in the approved APA style guide to document all sources.

  8. Must include, on the final page, a Reference Page that is completed according to APA style as outlined in the approved APA style guide.

Second, I want to make sure all students feel adequately prepared to address the Final Paper. As fair warning, I will admit now I am a stickler for the page requirements. This assignment needs to be 8-10 pages which can include the title and reference page, but then it needs to be 6 FULL pagers of analysis.  I will look for appropriate APA formatting with correct spacing, font, and margins when evaluating your paper for length. If the body of your paper is 5 and 3/4 pages, it will be marked down (fair warning!). If anyone needs an APA 6th Edition template, please let me know and I will be happy to provide. If you have any questions on this assignment, now is the time to ask.

Finally, I highly recommend using APA sub-headers for each of the 7 questions asked.   This ensures you answer each question fully and removes the chance that I may think you did not.  There is a high correlation of better grades to those that use sub-headers!



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