Think of a product or service that you purchase. Consider the attributes of the product and think about the number of businesses that offer it. If the industry is categorized as being in or near the "perfect competition" end of the market structures continuum, you will have many choices when you make your decision when and where to purchase. Search the news for stories about a product you purchase or one that you may purchase in the near future. Based on economic theory, what do the media have to say about your chosen product?
IN THE NEWS:
Select a news story from one of the following Internet news organizations.
CNN Money
USA Today Money
Wall Street Journal Market Watch
Wall Street Journal Economy
NY Times Business Day
Reuters Economic News
Yahoo Economic News
NPR Economic News
Forbes Economic News
The Economist
- Write a 3 to 5 paragraph summary of the news story and explain how it relates to the material you learned this week.
•Do not copy and paste directly from the article except for small quotes that help explain your summary. Use quotations marks for anything that is directly from the news story.
•Include the EXACT URL that can be clicked to directly retrieve the news story you selected at the end of your paper for citation purposes. NOTE: This is NOT the link to the news organization. The URL must retrieve the actual news story.