2023 Module 3 SLP Market Structure and Game Theory For this assignment you will be building upon | Assignments Online

   

Module 3 – SLP

Market Structure and Game Theory

For this assignment, you will be building upon your Module 2 SLP by  continuing to examine other businesses in your chosen industry. Remember  that the other businesses you wrote about in your Module 2 SLP will be  your future competitors if you decide to open your own business.  So it  is important to get an idea of the competitive landscape of your chosen  business.  After reviewing the required background readings and doing  some more research on your chosen industry, write a three-page paper  discussing the following issues:

1. What market structure is there for this line of business in your  home town? Is this a monopoly, oligopoly, monopolistic competition, or  perfect competition?  Justify your answer using both your own research  on this type of business in your home town, and by referencing some of  the required background readings on different types of market  structures.
2. Now that you have examined market structure of your chosen industry  in your home town, do some research on IBIS World on market structure in  this industry nationwide.  You can access IBIS World by going to the  main TLC Portal and clicking on “Additional Library Resources”.  A link  to IBIS World will come up.  This direct link  might also work if you are already logged onto the Trident online  library. What information could you find regarding how concentrated or  how competitive this industry is?
3. Based on the information you found for Question 2, what market  structure do you think best describes this industry nationwide?  Is this  a monopoly, oligopoly, monopolistic competition, or perfect  competition? Explain your answer using both information from IBIS World  and the concepts from the required background readings.

SLP Assignment Expectations

• Answer the assignment questions directly.
• Stay focused on the precise assignment questions. Do not go off on  tangents or devote a lot of space to summarizing general background  materials.
• Make sure to use reliable and credible sources as your references.  Articles published in established newspapers or business  journals/magazines are preferred. If you find articles on the Internet,  make sure they are from a credible source.
• Reference your sources of information with both a bibliography and in-text citations. See the Student Guide to Writing a High-Quality Academic Paper,  including pages 11- 14 on in-text citations. Another resource is the  “Writing Style Guide,” which is found under “My Resources” in the TLC  Portal.