Custom Writing Service-Market Structure and Game Theory

Custom Writing Service-Market Structure and Game Theory

Market Structure and Game Theory

For this assignment, you will be building upon your Module 2 SLP by  continuing to examine other businesses in your chosen industry. Remember  that the other businesses you wrote about in your Module 2 SLP will be  your future competitors if you decide to open your own business.  So it  is important to get an idea of the competitive landscape of your chosen  business.  After reviewing the required background readings and doing  some more research on your chosen industry, write a three-page paper  discussing the following issues:

What market structure is there for this line of business in your  home town? Is this a monopoly, oligopoly, monopolistic competition, or  perfect competition?  Justify your answer using both your own research  on this type of business in your home town, and by referencing some of  the required background readings on different types of market  structures.

Now that you have examined market structure of your chosen industry  in your home town, do some research on IBIS World on market structure in  this industry nationwide.  You can access IBIS World by going to the  main TLC Portal and clicking on “Additional Library Resources”.  A link  to IBIS World will come up.  This direct link  might also work if you are already logged onto the Trident online  library. What information could you find regarding how concentrated or  how competitive this industry is?

Based on the information you found for Question 2, what market  structure do you think best describes this industry nationwide?  Is this  a monopoly, oligopoly, monopolistic competition, or perfect  competition? Explain your answer using both information from IBIS World  and the concepts from the required background readings.