Order ID: 89JHGSJE83839 | Style: APA/MLA/Harvard/Chicago | Pages: 5-10 |
Instructions:
Economics of Business Examoles of Competition and Monopoly Thesis Paper
This is a two-part question. Please place the specific references immediately following each part;no need for a reference page or cover sheet. Part I should be a minimum of 300 words and two references; part II should be a minimum of 1200 words and three references.
I. Find real world examoles of competition and monopoly and apply the criteria for defining markets (number of products, similarity of production, barriers to entry) to those markets to determine how close they fit the textbook definition.
(II)
For each lettered space in the following table, determine the appropriate dollar amount
Assume that the above cost data is for a perfectly competitive firm. Using this data answer the following:
(a) If the market equilibrium price that this firm charges is $50, what level of output must this firm produce to maximize its profit?
(b) What would be the amount of profit that this firm would earn if it produced at the profit-maximizing level of output?
3. You read in a business magazine that farmers are reaping high profits. With the theory of perfect competition in mind, what do you expect to happen over time (in the long run) to each of the following?
a. The prices of agricultural products
b. The profits of farmers
c. The equilibrium output in agricultural markets
d. The number of farms
4. Distinguish between economies of scale and diseconomies of scale. Give examples of why a firm may experience economies of scale.
Economics of Business Examoles of Competition and Monopoly Thesis Paper
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Economics of Business Examoles of Competition and Monopoly Thesis Paper |
Economics of Business Examoles of Competition and Monopoly Thesis Paper