Short Paper Three
- Due Mar 9, 2020 by 11:59pm
- Points 10
- Submitting a file upload
This paper is about your company's market structure and resulting strategy.
First, explain which category the company fits into: perfect competition, monopolistic competition, oligopoly, or monopoly. Keep in mind that the market structure that most businesses in the US are in is either monopolistic competition or oligopoly. This part of the paper should list at least 3 to 5 key factors that determine the correct market structure for your company.
Second, given this market structure, which set of strategies makes the most sense for the company? For example, as discussed in class, firms in monopolist competitive markets typically advertise locally, while firms in oligopoly engage in "games" (technically, game theoretic behavior).
You paper will be about 3 pages (750 words) and include three or more references. Your text can be used as one of the references.
Submit by Monday, March 9.