Fundamentals Of Microeconomics – Describe the basics of the business

Fundamentals Of Microeconomics

Pick any ONE business/company of your choice. The company you choose can be a small local restaurant or a large multinational company. Based on your selection, answer the following questions:

In your paper,

• Describe the basics of the business you chose- including the size of the business, types of goods/services the business sells, and possible barriers to entry/exit.
• Distinguish among four market structures: perfect competition, monopolistic competition, oligopoly, and monopoly in this order.
• Discuss what kind of market structure your company falls under. Why?
• Analyze whether the demand of the goods/services sold by the business are elastic or inelastic. Why?
• Discuss if there are any externalities involved. If so, explain how the externalities can be fixed.
• Discuss any roles that larger companies can play in promoting inclusion, equality and reducing poverty.

The Fundamentals of Microeconomics final paper

• must be eight to ten double-spaced pages in length (not including title and references pages and formatted according to APA StyleLinks to an external site. as outlined in the Writing Center’s APA Formatting for MicrosoftLinks to an external site. Word resource.
• must include a separate title page with the following in title case:
  • title of paper in bold font
    • Space should appear between the title and the rest of the information on the title page.
  • student’s name
  • name of institution (The University of Arizona Global Campus)
  • course name and number
  • instructor’s name
  • due date
• must utilize academic voice. See the Academic VoiceLinks to an external site. resource for additional guidance.
• must include an introduction and conclusion paragraph.
  • Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
  • For assistance on writing Introductions & ConclusionsLinks to an external site. and Writing a Thesis StatementLinks to an external site., refer to the Writing Center resources.
• must use at least five credible sources in addition to the course text.
  • The Scholarly, Peer-Reviewed, and Other Credible SourcesLinks to an external site. table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source.
  • To assist you in completing the research required for this assignment, view Quick and Easy Library ResearchLinks to an external site. tutorial, which introduces the University of Arizona Global Campus Library and the research process, and provides some library search tips.
• must document any information used from sources in APA Style

Explanation & Answer

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