Eco 550 assignment 3 market model patterns of changeDocument Transcript
ECO 550 Assignment 3 Market ModelPatterns of ChangeClick this link to get the tutorial:http://homeworkfox.com/tutorials/economics/12857/eco-550-assignment-3-market-model-patterns-of-change/Assignment 3 "Market Model Patterns of Change"Choose and research a specific business that is publicly traded where there has been a pattern ofchange in a particular market model (monopoly, oligopoly, etc.).Write a five (5) page paper in which you:Describe the business and explain the general pattern of change of the particular market modelindicating how this change is likely to impact business operations. Hypothesize the basic short-run and long-run behaviors of the model in the business you have chosen in a “marketeconomy.” Provide support for your assumptions and conclusions. Researching the company,collect costs, revenue data, other data from the business or that you deem relevant. Explain howyou 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 business. Use the datato develop at least three (3) measures (e.g., productivity measures) to show how the industry isevolving. Provide evidence supporting your rationale. Research two of the business’ closestcompetitors to determine the pricing strategy for each business indicating how knowledge of thisinformation may influence pricing decisions in your business. Provide support for yourrationale. Recommend a pricing policy for the business you chose. Assess how your pricingpolicy maximizes profits for the business. Provide support for your rationale. Use at least Four(4)high-quality academic resources in this assignment. Note: Wikipedia and other Websites do notqualify as academic resources.Your assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on allsides; citations and references must follow APA or school-specific format. Check with yourprofessor for any additional instructions. Include a cover page containing the title of theassignment, the student’s name, the professor’s name, the course title, and the date. The coverpage and the reference page are not included in the required assignment page length.