Monopoly : Microeconomy class.

Complete the following: Based      upon this week’s readings, analyze an article published within 60 days      prior to the term that deals with a monopoly—closed, open, or natural.Analyze      the factors driving change in the industry. Are there potential changes      due to globalization or technology that might alter this firm’s position      as a monopolist? What are they? Why would they alter the firm’s position      as a monopolist? Requirements: Your      paper should be at least 3 pages in length and must conform to the APA      format. Include a supply-demand graph relevant to a monopoly. Please note,      that you need to create the graph and not copy it from any source. Any      copied and pasted graphs will not earn any points.Incorporate      at least 4 scholarly references that are not required readings for this      module.  Required Chapters      9 & 10 in Introduction to MicroeconomicsChapters      16 & 19 in The Economics of Public Issues Recommended Bennett,      D. L. (2014). Myth-busting: The laissez-faire origins of American higher      education. The Independent Review, 18(4), 503-525.Coase,      R.H. (1937). The nature of the firm. Economica, New Series, 4(16),      386-405.Hoffer,      A. J., Shughart, William II, F., & Thomas, M. D. (2014). Sin taxes and sin industry: Revenue, paternalism, and      political interest. The Independent Review, 19(1), 47-64.Horowitz,      I., & Lackritz, J. (2012). Jolting Joe and Charlie Hustle: The immediate economic      impact of an extended hitting streak. American Economist, 57(1),      42-49 Learning Outcomes Explain      pure competition and the competitive firm.Determine      profit maximization in the short run and the importance of entry and exit      for long-run equilibrium.Summarize      the three types of monopolies and analyze how each can determine price in      the short and long run. Compare monopoly to competition.

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