Find an article that was published this year that provides an in-depth discussion about a firm that
Question:
Find an article that was published this year that provides an in-depth discussion about a firm that is operating in a monopolistic, oligopolistic, or monopolistically competitive market structure. The article must contain substantial evidence to identify the market structure which the firm operates.
Thoroughly address the following questions using course concepts:
Describe the market structure apparent in your article. Thoroughly explain how you came to your conclusion by examining all the determining factors as presented in the course.
Compare the firm in your article with a hypothetical firm that exists in a perfectly competitive market.
How does each firm make its short-run, profit-maximization decisions? Use two graphs to illustrate your comparison.
Is there a difference in each firm's ability to earn long-term, economic profits? Explain why or why not.
Contrast the social advantages and social disadvantages of each market structure.
Use a table(s) to simplify your response.
Explain which market structure produces a more efficient result. Use 2 graphs that support your answer by highlighting the presence or absence of a dead weight loss.
Your article must come from a credible news source. Avoid articles from academic journals. Graphs, tables, or illustrations cannot be sourced and must be created by the student. Upload your submission in Moodle before the due date to avoid late penalties.