Week 3 Team Assignment - 1 ASSIGNMENTS 1 Review the...

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ASSIGNMENTS 1. Review the objectives from Week Two, and Discuss additional insights and questions that may have arisen. 2. Differentiating Between Market Structures Table and Paper Review the following Tomlinson Economics Videos available on the course rEsource page: a. Perfect Competition (8.1 to 8.7) b. Monopoly (9.1 to 9.4)) c. Monopolistic Competition (10.1 to 10.4) d. Oligopoly (11.2 to 11.3) Part I: Differentiating Between Market Structures Table Based on your learning, readings, and the videos, prepare a table that describes the characteristics of competitive markets, monopolies, and oligopolies. Format the table as follows: e. Column headings should be the four market structures: f. Row headings should help explain the basis for your market characterization: 3. 4. Perfect competition Monopoly 5. Monopolistic Competition 6. Oligopoly An example of an organization Goods or services produced by the organization Barriers to entry Numbers of organizations Price elasticity of demand
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Week 3 Team Assignment - 1 ASSIGNMENTS 1 Review the...

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