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.
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