04 Jun This paper was prepared for [INSERT COURSE NAME], [INSERT COURSE ASSIGNMENT] taught by [INSERT INSTRUCTOR’S NAME].
Question
Homework Assignment Introduction
Welcome to the Module 6 Homework Assignment for ECN 150: Introduction to Microeconomics.
This section prepares you to complete this assignment successfully. Please follow these instructions to complete and submit this assignment.
You will create a document in either a .doc or .rtf format to record and save your work. If you have never created documents in an .rtf format, please visit the Academic Resource Center and click on Tutorials. You will then see a list of tutorials on the following page. Click on RTF Tutorial.
Read the instructions carefully and review your work before you submit your assignment.
Include a title page with this assignment. Your title page should follow standard APA formatting. Please view the Title Page Example.
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When you are ready to submit the assignment, click the Start button at the bottom of the page to access the submission page and follow the instructions.
Running head: [INSERT TITLE HERE]
[INSERT TITLE HERE]
Student Name
Allied American University
Author Note
This paper was prepared for [INSERT COURSE NAME], [INSERT COURSE ASSIGNMENT] taught by [INSERT INSTRUCTOR’S NAME].
PART I
Directions: Write a 3 to 4 page APA-formatted paper in which you address the questions below. Use at least three cited references that are peer-reviewed sources. Please utilize LIRN to help you get started with your search. You may visit the Academic Resource Center for a guide on how to utilize LIRN successfully.
1. Choose four real-world companies, respectively one for each market structure type – Perfect Competition, Monopoly, Oligopoly, and Monopolistic Competition.
2. Explain why the companies fit in the respective categories.
3. Compare and contrast the four companies with regards to their market structure characteristics, including, but not limited to: barriers to entry, number of firms in the market, short-term and long-term profits, price elasticity of demand, etc.
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