It’s time to apply what we’re learning about market structures in our session this module week! Based on your last name, you will be assigned to two of the four market structures.
Identify and discuss two U.S. firms whose key characteristics align with your specific market structures. Determine the equilibrium point for each of your firm’s market structures.
Here are your assigned market structures:
If your last name begins with the letters A-L, identify perfectly competitive market structures and monopolistic competitive market structures.
If your last name starts with the letters M-Z, identify oligopolistic market structures and monopolistic market structures.
Locate a recent article or event (published within the last year) that highlights your relevant microeconomics topic. Use the Hunt Library, newspapers, new stations, or other credible sources to discuss how your topic aligns with microeconomics. Include the following in your discussion:
State the firms you selected.
Identify the equilibrium point for each market structure assigned.
Describe your assigned market structures.
Summarize your findings using at least 250 words and provide a minimum of one reference. Use current APA formatting to document your sources.
Post & Respond
Post your findings by the third day of the module week. Return by the sixth day of the module week to review your classmates’ posts. Respond to at least two of your peers. Your response should be at least one paragraph, two to three sentences in length, and include the following.
Whether you agree or disagree with the findings and why
A probing question that facilitates further discussion of the topic
Review the Discussion Rubric for detailed grading instructions.