Economics Module 3 paper

For this assignment you are to write a 1 to 2-page paper that addresses market structure classification of the Apple iPhone 6 plus.

Note: The Apple iPhone 6 plus cellular phone will be researched for each course project assignment leading up to your final submission.

Guidelines for this assignment are listed below:

  • Discuss which market structure best aligns with the Apple iPhone 6 plus.
  • Align characteristics of the market structure to that of the Apple iPhone 6 plus.
  • Discuss how price and quantity are determined for the Apple iPhone 6 plus.
  • Identify other competitors in the market.
  • Discuss whether or not any other competitors have influence over the market.
  • State whether or not any competitors engage in price discrimination.
  • Identify if the market for cellular phone aligns with game theory to include, a Prisoner’s Dilemma.

Include the following:

  • Title page
  • 1 to 2-pages of content
  • At least two sources
  • Reference page
  • APA formatted

Criteria

Points

Correctly state which market structure best aligns with the Apple iPhone 6 plus. Then support that position by aligning the characteristics of that market structure to that of the Apple iPhone 6 plus.

Correct market structure identified 5 points

Correct statement of how the three primary market structure traits

fit the market structure of this industry 5 points each

20/

Discuss how price and quantity are determined for the Apple iPhone 6 plus

Discussion of how demand and supply are ?both? used to create a price for the iPhone 6 points

Discussion of how the market structure allows Apple to manipulate the price for the iPhone. In other words how does the market type affect how prices are determined/set in this industry 4 points

10/

Identify other competitors in the market.

2 competitors identified 5 points

3 or more competitors identified full credit of 10 points

10/

Discuss whether or not any other competitors have influence over the market.

Statement of your position 4 points

Discussion of why you believe so 6 points

10/

State whether or not any competitors engage in price discrimination.

Definition of price discrimination 4 points

Statement of its use or not in this market 3 points

Example of how it is practiced or discussion of why it is or is not part of this marketplace 3 points

10/

Does the market for cellular phone align with game theory to include, a Prisoner’s Dilemma?

Meaning or definition of game theory 4 points

Statement of fit or not in this market 3 points

Example of how it fits or discussion of why it doesn?t 3 points

10/

Summarize key points.

Included 10 points

Not included 0 points

10/

Assignment is 1 to 2-pages in length.

For full credit a minimum 250 word count of material, not including the title page/headers or reference page.

10/

Paper follows APA formatting guidelines.

Title page or title header 1 point

Introductory paragraph 1 point

Proper use of paragraphs 1 point

Summary/concluding paragraph 1 point

References and citations if outside sources are used 1 point

5/

Spelling and grammar are correct.

Correct use of capitalization and few misspelled words 3 points

Few incomplete sentences or awkward phrases with appropriate punctuation 2 points

5/

Each day assignment is submitted late, a 10% deduction per day will be applied towards your total grade.

Total

100

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