Select a firm (business not industry). State its market structure (pure competition, monopoly, monopolistic competition, or oligopoly). Next, define the characteristics of the industry that support your selection for this firm. Lastly, describe and illustrate graphically (a complete graph) the firm’s profit maximizing behavior in particular MR=MC under the above-mentioned market structure.
Provide at least two quotations from your research and the sources must be after July 1, 2019.
Conduct research from viable and credible sources such as, and not limited to, economic journals, periodicals, books, databases, and websites. Each written assignment should contain a minimum of 300 words, but no more than 400 words.
Please provide the sources of your research in the body of the paper as well as a Works Cited page. All submissions will be checked for Plagiarism by ‘Turnitin’. If you use another’s words in your submission – make sure you use quotation marks and give credit. No more than 30% of your paper should be from your sources. Please be extra careful when you cut and paste – excessive cut/paste or plagiarism will result in a zero grade for the assignment !