Assignment
In this module material, we learned about different types of market structures.
• Summarize the characteristics for each market structure and compare the outcomes in terms of:
o equilibrium price,
o equilibrium quantity,
o economic profit potential (include the distinction between accounting and economic profit), and
o efficiency.
• Summarize how international trade would affect industries in the different market structures (i.e., would receptiveness to trade likely shift one industry from one market structure to another?)
Your paper should adhere to these standards:
• Be 6 pages in length, not including the title or reference pages.
• Integrate concepts, terms, and theories from the readings and module content
• Include at least four academic references to support your work, including 2 peer-reviewed article.
• Follow the apa format.
Required
• Chapters 3 & 4 in Contemporary Business
Recommended
• Ahmed, G., Al-Gasaymeh, A., & Mehmood, T. (2017). The global financial crisis and international trade. Asian Economic and Financial Review.
• Nursini, N. (2017). Effect of fiscal policy and trade openness on economic growth in Indonesia: 1990-2015. International Journal of Economics and Financial Issues, 7(1).