Select an industry or firm. State its market structure (pure competition, monopoly, monopolistic, or oligopoly). Next, please define the characteristics of the industry or firm that support your selection of market structure. Lastly, describe and illustrate graphically the firm’s profit maximizing behavior in particular MR=MC under the above-mentioned market structures or conditions.
In this written assignment, the quality of your writing and the application of APA/MLA format will be evaluated in addition to your content. Each written assignment should contain a minimum of 400 words, but no more than 500 words. Make sure that you use correct spelling, grammar, and punctuation.
Please provide the sources of your research both 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 !