Question

Short Paper # 2 is due in week 3 (Tuesday at 9 pm, with a grace period until 1159 pm). Papers submitted after 9 pm and up to and including 11:59 pm on the due date are late but NOT penalized. Any paper submitted after the grace period is late and penalized at the rate of one full letter grade per day late (or any portion thereof). Blackboard is the official time keeper. After 3 days, any paper not submitted is graded as zero. The paper must use at least three disciplinary sources but not necessarily peer-reviewed sources. Students may use their textbook as a source, but it will NOT count as one of the three required sources. Short Paper I2 must include at graphs that are incorporated into the body of the paper, a works cited page, have proper APA format throughout the paper, and must be the equivalent of 4 pages of APA properly formatted writing Cover pages, table of contents, works cited page, graphs that take up more than 1/3 of any page do not count toward the 4-page requirement. The paper will automatically be evaluated for originality by Blackboard SafeAssign. You might find it helpful to review the Prof. Battista's handout "Writing in Economics using APA and Visual Aids: Some Helpful Hints find the textbook .Chapter 3 (Supply and Demand) Chapter 5 (Elasticityl Chapter 7 (Output, Production costs) Chapter 8-9-10 (on the four market structures) Short Paper # 2 is worth 100 points. Select two publicly traded firms in the USA, each from a different market structures (select from Monopoly, Oligopoly, or Monopolistically Competitive firms). After researching the firms carefully, compare and contrast them in terms of The control over they exercise over the price of their good in the market What are the Barriers to entry that each firm experiences? . . The role of Advertising for each firm . The firms' demand curve Types of goods produced by each firm . Economic profits for the firm-in both the short run and long run

Answer 1

You have to select any two publicly listed companies in the USA and do a careful research on the firms regarding the market in which they operate and their operations in the market. The two companies you choose must be from two different market structures i.either a monopoly and an oligopoly or an oligopoly and a monopolistic competition or a monopoly and a monopolistic competition. You can choose anny company like McDonalds which operates in a monopolistically competitive market and Boeing which operates in an oligopolistic market. You can take any such company.