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:
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.
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?
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.
