You will apply important microeconomics concepts toward the competitive strategies of an…

You
will apply important microeconomics concepts toward the competitive
strategies of an organization that operates in an industry of your
choice. You will evaluate the differences between market structures and
identify a group of competitive strategies consistent with the market
structure that best aligns with the market in which the organization
competes. You will assess how the market structure positively and
negatively affects the firm and evaluate the efficacy of the structure’s
competitive strategies.
Select an industry that interests you. Identify an organization within the industry.
Define the four market structures.
Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon.
Identify three
or more competitive strategies of your choice that may be used by the
organization to maximize its profits over the long run. Evaluate the
efficacy of these strategies in the market structure you identified.
Make recommendations related to the strategies the organization might consider to maximize its profits.

Paper
Write a 1,400- to 1,750- word paper.
Format consistent with APA guidelines.

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