07 Jun Question Choose and research an industry where there has been
Question
Choose and research an industry where there has been a pattern of change in a particular market model (monopoly, oligopoly, etc.).
Choose an Oligopoly and describe the industry and explain the general pattern of change of the particular market model.
Hypothesize the basic short-run and long-run behaviors of the model in the industry you have chosen in a “market economy.”
Analyze 3 possible areas for the industry that could lead to transaction costs.
Speculate about the behavior that could result from these transactions and propose at least 2) strategies for dealing with them.
Collect costs, revenue data, or other data from the industry that you deem relevant. Explain how you would modify the data in order to make it relevant to decisions a manager must make.
Explain the major factors that affect the degree of competitiveness in your industry. Use the data to develop at least 3 measures (e.g., productivity measures) to show how the industry is evolving.
Use at least high-quality academic resources in this assignment.
– I am looking for some basic responses with resources to get me started, not a completed project.
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