Each topic needs to be substantial and be about 250 words each. With references.
Please review the Discussion Board Participation grading rubric on your course Syllabus.
This is important information that will ensure that you earn maximum points. Your professionally written postings should provide substantive depth that advances the discussion. Also, please be sure to edit your posts for grammatical errors before you post.
Topic 1
There are many dairy farmers in the world and also many Starbucks coffeehouses. Why does a Starbucks coffeehouse face a downward-sloping demand curve while a dairy farmer has a horizontal demand curve? What other suppliers might face a downward-sloping demand curve and what implications does this have for their advertising budget as compared to suppliers with horizontal demand curves?
Topic 2
How do barriers to entry impact the level of competition in a market? What might happen to market price as greater barriers to entry come into existence? Not all barriers to entry are created through market conditions. Barriers to entry, such as patents, licenses, or international trade restrictions, may be government imposed. How do government-imposed barriers such as patents impact consumers and suppliers in these markets?