ECO550 Assignment 3 Market Model Patterns of Change

Choose and research an industry where there has been a pattern of change in a particular market model (monopoly, oligopoly, etc.).Describe the industry and explain the general pattern of change of the particular market model. Hypothesize the basic short-run and long-run behaviors of the model in the industry you have chosen in a “market economy.” Analyze at least three (3) possible areas for the industry that could lead to transaction costs, and explain each in detail. Speculate about the behavior that could result from these transactions and propose at least two (2) strategies for dealing with them. Collect costs, revenue data, or other data from the industry that you deem relevant. Explain how you would modify the data in order to make it relevant to decisions a manager must make. Explain the major factors that affect the degree of competitiveness in your industry. Use the data to develop at least three (3) measures (e.g., productivity measures) to show how the industry is evolving. Use at least three (3) high-quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources 

Introduction

In this paper, I am going to research on a publicly traded business, where a pattern of change especially in the market model for instance monopoly, oligopoly has been observed. I will start by describing the business as well as the general pattern of change in regard to the market model, and also indicate how the change is likely to impact its business activities. I will include the hypothesis of the basic short run and long run behavior of the model in the economy of the market. In the paper I will also include the degree of competitiveness as far as the business is concerned and also illustrate how the business is evolving. To add on the above, I will also indicate the competitors while basing my argument on the pricing strategies employed by each of the businesses indicating the how the knowledge off this information heavily impact on the pricing decisions formulated by individual businesses. Lastly I will conclude my paper by indication some of the recommendation I would like my chosen business to implement so that it is able to maximize on the profits generated.

Description of the Business

I decided to choose Microsoft as my business of focus in my research. Microsoft Corporation is an American multinational software company... Continue Reading