Eco week 4

Required Resources

Text

Amacher, R., & Pate, J. (2013).  Microeconomics principles and policies [Electronic version]. Retrieved from https://content.ashford.edu/

• Chapter 9: Perfect Competition
• Chapter 10: Monopoly
• Chapter 11: Monopolistic Competition and Oligopoly

Article

Martin, E. R. (2014, March 27). The ethics of big data (Links to an external site.)Links to an external site.. Forbes. Retrieved from http://www.forbes.com/sites/emc/2014/03/27/the-ethics-of-big-data/#762ab32030c7

• This article will assist you in your Market structure discussion this week.Accessibility Statement does not exist.Privacy Policy (Links to an external site.)Links to an external site.

Recommended Resources

Articles

Shimomura, K., & Thisse, J. (2012). Competition among the big and the small. RAND Journal of Economics, 43(2), 329-347. Retrieved from https://library.ashford.edu/ezproxy.aspx?url=http%3A//search.ebscohost.com/login.aspx?direct=true%2526AuthType=ip,cpid%2526custid=s8856897%2526db=eoh%2526AN=1317847%2526site=ehost-live

• The full-text version of this article is available through the EBSCOhost database in the Ashford University Library. This article will assist you in your learning activities this week.

Thielen, B. (2012). Product differentiation and competitive pressure. Journal of Economics, 107(3), 257-266. doi:10.1007/s00712-011-0261-5

• The full-text version of this article is available through the EBSCOhost database in the Ashford University Library. This article will assist you in your learning activities this week.

Multimedia

Khan, S. (n. d.). Oligopoloes and monopolistic competition (Links to an external site.)Links to an external site. [Video file]. Retrieved from https://www.khanacademy.org/economics-finance-domain/microeconomics/perfect-competition-topic/monopolistic-competition-oligop/v/oligopolies-and-monopolisitc-competition

Discussion 1

 Market Structures

Read the article, The Ethics of Big Data (Links to an external site.)Links to an external site.. Based on the content presented in the article, describe the microeconomic principles being used, in other words what is the impact for demand? List the different types of market structures that big data benefits the least and benefits the most. While data collection may benefit the business community, discuss the potential concerns for consumers that arise with the proliferation of big data. Respond to at least two of your classmates’ posts.

Guided Response: Review the discussion board posts of your classmates. Analyze the difference between market structures. Compare your response to those of your classmates. Respond to at least two of your classmates. Discuss the way profits vary based on market structure

Discussion 2

Barriers to Entry

Analyze the major barriers for entry and exit into the airline industry. Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved to protect consumers?

Guided Response: Review the discussion board posts of your classmates. Do you agree or disagree with their reasons on whether or not government should get involved when it comes to monopolies? Respond to at least two classmates. Compare and contrast your posts and comment on barriers to enter a market and analysis of government’s relationship with monopolies.

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