ECO 201 Module Seven Short Paper Guidelines and Rubric
Overview
An oligopoly is a market structure in which only a few sellers produce similar or identical products. Oligopolies are price setters and can collude to behave like a monopoly. In this short paper, you will demonstrate what you have learned about the pricing strategies and characteristics of oligopolistic companies.
Directions
Research the news for examples of an oligopolistic company. Using the template provided in the What to Submit section, write a short paper analyzing oligopolies and oligopolistic markets.
Specifically, address the following:
Introduction: Briefly describe the selected company, including what products or services they provide.
Pricing Strategies: Explain how oligopolistic companies determine their price. Refer to the Nash Equilibrium and game theory in your analysis.
Market Share: Explain how you determined that the company you researched is an oligopolistic company.
Use a pie chart or other graph to analyze the market share of the company and its competitors. See the Supporting Materials section below for help with snipping, copying, and pasting this visual into your template as Figure 1.
Identify the dominant firm in the oligopolistic market.
Conclusion: Describe how the characteristics of an oligopolistic market apply to the company you researched.
Support your claims with examples from your research or from the textbook cited in APA format.
What to Submit
Using the Module Seven Short Paper Template, create your short paper and submit it for grading. Sources should be cited according to APA style.