Objective –

To review a published article from a reputable media source, addressing economic theory and policy topics that relate to the material we covered in Managerial Economics.

The topics are: Market Structure (Perfectly Competitive, Monopolistic Competition, Oligopoly, Monopoly), Game Theory, and Price Discrimination.

Details

– Article should not be more than 2 years old, and should be from a reputable print media source, such as The Economist, The New York Times, The Washington Post, The Los Angeles Times, etc. Please check with me if you are not sure.

– Two students cannot review the same article. Therefore, once you have decided on an article, post the article title, source and date on the Sakai/Courses forum that has been created for this assignment. You will have the option to change the article, but make sure you update your post if you do, so that everyone is aware.

– Length should be 1.5-2 pages double spaced, 1 inch margins, 12 font, Time New Roman.

– Start with a summary of the article. Then analyze it from a theoretical point of view. Lastly, express your opinion if applicable.

– You may use other articles and material to support your review but you must cite and list references.

– When you are done with the review, submit a PDF file with your name on it in Courses using the Article Review Assignment link

Answer  preview

According to Lohr (2020), market structures characterize an economy. One of the significant market structures is a monopoly whereby one firm controls the entire market. The firm has the market power and sets the prices as it wishes (Lohr, 2020).  Consumers have few alternatives and less ability, so they pay the fees charged by the firm. Such is the case of Google.  Lohr (2020) narrates a case where the government accused Google of harming consumers by stifling competition through restrictive contracts and was charged for its monopoly behavior. Google “has used restrictive contracts to protect its dominant position, undermining competition and thus harming consumers “(Lohr, 2020).

550 words

 

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