Principles of Microeconomics
Principles of Microeconomics
Assignment Instructions: I need help with a final assignment.
Prior to beginning work on this assignment, review Chapters 1 – 12 of your textbook, Principles of Microeconomics. Pick any ONE business/company of your choice. The company you choose can be a small local restaurant or a large multinational company.
Chapter 1- https://content.uagc.edu/books/Pate.5378.18.1/sections/ch01sec.1.1
Chapter 2- https://content.uagc.edu/books/Pate.5378.18.1/sections/ch02sec2.1
Chapter 3- https://content.uagc.edu/books/Pate.5378.18.1/sections/ch03sec3.1
Chapter 4- https://content.uagc.edu/books/Pate.5378.18.1/sections/ch04sec4.1
Chapter 5- https://content.uagc.edu/books/Pate.5378.18.1/sections/ch05sec5.1
Chapter 6- https://content.uagc.edu/books/Pate.5378.18.1/sections/ch06sec6.1
Chapter 7- https://content.uagc.edu/books/Pate.5378.18.1/sections/ch07sec7.1
Chapter 8- https://content.uagc.edu/books/Pate.5378.18.1/sections/ch08sec8.1
Chapter 9- https://content.uagc.edu/books/Pate.5378.18.1/sections/ch09intro
Chapter 10- https://content.uagc.edu/books/Pate.5378.18.1/sections/ch10intro
Chapter 11- https://content.uagc.edu/books/Pate.5378.18.1/sections/ch11sec11.1
Chapter 12- https://content.uagc.edu/books/Pate.5378.18.1/sections/ch12sec12.1
Based on your selection, answer the following questions:
In your paper,
-Describe the basics of the business you chose- including the size of the business, types of goods/services the business sells, and possible barriers to entry/exit.
-Distinguish among four market structures: perfect competition, monopolistic competition, oligopoly, and monopoly in this order.
-Discuss what kind of market structure your company falls under. Why?
-Analyze whether the demand of the goods/services sold by the business are elastic or inelastic. Why?
-Discuss if there are any externalities involved. If so, explain how the externalities can be fixed.
-Discuss any roles that larger companies can play in promoting inclusion, equality and reducing poverty.
The Fundamentals of Microeconomics final paper
-Must be eight to ten double-spaced pages in length (not including title and references pages and formatted according to APA Style.
-Must include an introduction and conclusion paragraph.
-Must use at least five credible sources in addition to the course text.
Paper Format: APA
Answer preview to Principles of Microeconomics
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