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ECO 365 Week 4 Market Structures Simulation Paper
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Differentiating between Market Structures Simulation

University of Phoenix

ECO/365- Principles of Microeconomics


Differentiating between Market Structures

            Four market structures are common in the studies of businesses and characteristics of the markets in which firms operate in. The four market structures observed and analyzed in the “Differentiating between Market Structures” simulation are perfect competition, monopoly, monopolistic competition, and oligopoly. The following material presents examples of the four market structures as found in the simulation; advantages and limitations of supply and demand; and Wal-Mart as an oligopoly market structure.  

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