Describe the business and explain the general pattern of change of the particular market model indicating how this change is likely to impact business operations.
Choose and research a specific business that is publicly
traded where there has been a pattern of change in a particular
market model (monopoly, oligopoly, etc.)(Maybe AT&T)
Write a four to five (4-5) page paper in which
you:
1. Describe the business and explain the general pattern of
change of the particular market model indicating how this change is
likely to impact business operations.
2. Hypothesize the basic short-run and long-run behaviors of
the model in the business you have chosen in a “market economy.”
Provide support for your assumptions and
conclusions.
3. Explain the major factors that affect the degree of
competitiveness in your business. Use the data to develop at least
three (3) measures (e.g. productivity measures) to show how the
industry is evolving. Provide evidence supporting your
rationale.
4. Research two (2) of the business’s closest competitors to
determine the pricing strategy for each business indicating how
knowledge of this information may influence pricing decisions in
your business. Provide support for your rationale.
5. Recommend a pricing policy for the business you chose.
Assess how your pricing policy maximizes profits for the business.
Provide support for your rationale.
The assignment must follow these formatting
requirements:
Be typed, double spaced, using Times New Roman font (size
12), with one-inch margins on all sides; citations and references
must follow APA or school-specific forma
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