imperfection completion/monopoly

imperfection completion/monopoly Order Description request paper too be written by the same writer that assisted me previously,because there aware of the guidelin" rel="nofollow">ines. Guidelin" rel="nofollow">ines will also be upload IMPERFECT COMPETITION IMPERFECT COMPLETION Review the followin" rel="nofollow">ing questions and prepare a 4- to 5-page paper on the followin" rel="nofollow">ing questions: 1. Explain" rel="nofollow">in the difference between the demand curve facin" rel="nofollow">ing a monopoly firm and the demand curve facin" rel="nofollow">ing a perfectly competitive firm. 2. Which of the followin" rel="nofollow">ing is (are) most likely to be produced in" rel="nofollow">in a market resemblin" rel="nofollow">ing a monopoly - oil, books or movies, tap water, and wheat. Defend your answer in" rel="nofollow">in economic terms. 3. Which type of firm is most likely to have zero economic profit in" rel="nofollow">in the long-run: monopoly, oligopoly, monopolist competition or perfect competition? Explain" rel="nofollow">in. 4. The government often has two conflictin" rel="nofollow">ing roles. It protects consumers by keepin" rel="nofollow">ing prices fair and promotes a free market (entry of firms). Suppose your firm has a special patent. Do you thin" rel="nofollow">ink patent licenses should expire? Be sure to support your argument with references and economic concepts from previous modules as well. Assignment Expectations Use concepts from the modular background readin" rel="nofollow">ings as well as any good quality resources you can fin" rel="nofollow">ind. Be sure to cite all sources within" rel="nofollow">in the text and provide a reference list at the end of the paper. Length: 4–5 pages double-spaced and typed. The followin" rel="nofollow">ing items will be assessed in" rel="nofollow">in particular: • Your ability to understand the differences between perfect and imperfect competition. • Some in" rel="nofollow">in-text references to the modular background material (APA formattin" rel="nofollow">ing not required). • The essay should address each element of the assignment. Remember to support your answers with solid references in" rel="nofollow">includin" rel="nofollow">ing the case readin" rel="nofollow">ings. Module 4 focuses on different types of market structure. For in" rel="nofollow">instance, a market with many firms is considered perfectly competitive. A perfectly competitive firm must take the market price as given. Firms that are able to raise price without losin" rel="nofollow">ing all demand are said to have market power. Markets where the firms have market power in" rel="nofollow">include a monopoly, an oligopoly, and monopolistic competition. Please review the followin" rel="nofollow">ing: Required Readin" rel="nofollow">ing Note: You will need to review some of the background material from Module 3 for portions of the Case Assignment.