Discuss government regulations of less than competitive market structures and firms.

  

Learning Goal: I’m working on a economics case study and need support to help me learn. To assess your ability to: Analyze the relationships between revenues, costs, and profits in a variety of market settings.Discuss government regulations of less than competitive market structures and firms.Discuss economists’ approach to evaluating potential mergers and acquisitions.Evaluate the extent of a company’s market power.Action ItemsWrite a one to two page paper, addressing the following:Describe in your own words the concept of market power.Provide an example of a firm exercising its market power.Referring to your example above, answer the following questions:What are the sources of the firm’s market power?Can they be sustained over a short run / long run?Answer the question below in your conclusion:Why is it hard for a firm to maintain market power over a Long Run?Post the above introduction to the Class Discussion Board.Respond to the postings of two of your classmates.Submission InstructionsComplete and submit this assignment per your professor’s instructions.Requirements: 2500-3000

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