Discussion Board (DB #4) Please follow the instructions at the end of the DB.
Explain your answers fully.
1. Give an example of an industry that fits the following market structures. And explain why the industry you gave is a good example of the market structure, using the characteristics the chapter gives for the market structure.
a) Perfect Competition
b) Monopoly
c) Monopolistic Competition
d) Oligopoly
2. Explain if each of the following Market Structures have positive, zero or negative
economic profits in the long-run.
a) Perfect Competition
b)Monopoly
c) Monopolistic Competition
d) Oligopoly
3. Is the Price above or below the Marginal Revenue Curve for each market structure?
4. Respond fully to another students examples and explanations of the 4 different market structures and state if you agree w/ their answers or not. (student replies will up load soon)
DB Instructions: Your Discussion Board post should demonstrate careful thought, logical reasoning and provide evidence for your position. Each answer to each question should be approximately 2-3 sentences, unless otherwise indicated. Use correct spelling, punctuation, and grammar. The discussions must be submitted by the deadline listed on the Discussion Board.
You are required to read and reply to other students, as indicated in each discussion board. Your replies should offer new substantiated ideas or thoughtful questions. I encourage friendly debate and disagreement, but also your reply must be courteous and respectful.
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