“Question 1 & 2 should be seperately (individually) answered “

 

Question 1  – Discussion Question ( 3 pages required with  Conclusion & 3 reference papers) – GRAPHICAL REPRESENTATION REQUIRED

 

Module 7

Reading: 

Chapter 7: The Nature of Industry (11 pages)

Chapter 8: Managing in Competitive, Monopolistic, and Monopolistically Competitive Markets (15 pages)

Video:

The Porter’s 5 Forces Model – Simplest explanation ever. (2018, November 7). [Video]. YouTube. https://www.youtube.com/watch?v=thNlGrpTHlQ

Review CLA 2 and select your topic by end of this module

 

Activity 4

 

CLO #5 – Investigate the conditions under which a firm operates as perfectly competitive, monopolistically competitive, or a monopoly.

 

Firms like Papa John’s, Domino’s, and Pizza Hut sell pizza and other products that are differentiated in nature. While numerous pizza chains exist in most locations, the differentiated nature of these firms’ products permits them to charge prices above marginal cost. 

 

Given these observations, is the pizza industry most likely a monopoly, perfectly competitive, monopolistically competitive, or an oligopoly industry? 

Use the causal view of structure, conduct, and performance to explain the role of differentiation in the market for pizza. 

Next apply the feedback critique to the role of differentiation in the industry. 

 

 

 

Question 2  – Assignment ( 5- 6 pages required with  Conclusion & 6 reference papers)

GRAPHICAL REPRESENTATION REQUIRED

Module 8

Video:

Perfect Competition – Four Market Structures. (2014, October 22). [Video]. YouTube. https://www.youtube.com/watch?v=atgMawWsKKI

 

Course Learning Assessment #1

 

CLO #1- Describe how goals, constraints, incentives, and market rivalry affect economic decisions.

CLO #3 – Evaluate alternative ways of measuring the productivity of inputs and the role of the manager in the production process.

CLO #5 – Investigate the conditions under which a firm operates as perfectly competitive, monopolistically competitive, or a monopoly.

 

Step 1

Turn to page 473 in your textbook and read the introduction to Case:  Spectrum—the Spawn of Time Warner Cable and Charter Communications—Navigates Challenges from Cord Cutting and Mobile Competition. Then, read the Background (page 475- 491). When you reach Memos, read through the memos and use the attachments available online at www.mhhe.com/baye10e.

 

Step 2

Select six (6) memos to respond to, providing the information requested in each within a single document. Your document must be exactly six (6) pages long, one page for each memo. Each page must be in memo format. When responding to the six memos you selected, be sure to identify which memos you are responding to throughout your document.

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