Monopolistically Competitive Market Case Study Essay
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Monopolistically Competitive Market Case Study Essay
In Washington, D.C., there are many coffee shops, each offering nearly identical coffee but each1 answer below »
16)
In Washington, D.C., there are many coffee shops, each offering nearly
identical coffee but each shop located in a different place around the city. It
is likely a coffee shop in Washington, D.C., operates in a
A)
perfectly competitive market.
B)
monopolistically competitive market.
C)
monopoly market.
D)
oligopoly market.17)
In Sioux Falls, South Dakota, there are many pizza restaurants, each offering
similar types of pizza but each restaurant located in a different place around
the city. It is likely a pizza restaurant in Sioux Falls, South Dakota,
operates in a
A)
perfectly competitive market.
B)
monopolistically competitive market.
C)
monopoly market.
D)
oligopoly market.18)
Nike has used Michael Jordan to create the impression that Air Jordan
basketball shoes are superior to any other basketball shoe. Nike is attempting
to
A)
differentiate Air Jordan basketball shoes from other types of basketball shoe.
B)
lower the marginal cost of producing Air Jordan basketball shoes.
C)
sell fewer Air Jordan basketball shoes so they can raise the price.
D)
convince consumers that Air Jordan basketball shoes are identical to other
basketball shoes.19)
Pepsi uses advertising to create the impression that Pepsi is superior to any
other soft drink. Pepsi is attempting to
A)
differentiate Pepsi from other types of soft drinks.
B)
lower the marginal cost of producing for Pepsi.
C)
sell less Pepsi so they can raise the price of Pepsi.
D)
convince consumers that Pepsi is identical to other soft drinks.20)
When a credit card company offers different services with its card, like travel
insurance for air travel tickets purchased with the credit card or product
insurance for items purchased with the card, the credit card company is trying
to
A)
create a barrier to entry for competing firms.
B)
create a perfectly competitive market in which to sell its credit card.
C)
differentiate its credit card from those offered by other companies.
D)
shift the demand curve for competing firms to the right.21)
In the mid-1990s, Coke introduced a new soda in the soft drink market. Coke
then used a new advertising campaign to associate the new soda with youth and
strength. Coke was trying to
A)
shift the demand curve for competing soft drinks to the left.
B)
create a perfectly competitive market for soft drinks.
C)
maximize its per unit costs through advertising.
D)
lower the market price of soft drinks.22)
A monopolistically competitive market is one in which
A)
only one firm sells a product.
B)
all firms sell an identical product.
C)
many firms sell similar yet slightly different products.
D)
firms have no control over the price they charge for their product.23)
The word “monopolistic” in the label “monopolistic
competition” refers to the fact that
A)
there is only one firm producing in the market.
B)
firms have no control over the price they charge.
C)
each firm produces a slightly different version of the product.
D)
none of the above24)
The word “competition” in the label “monopolistic
competition” refers to the fact that
A)
there are very few firms producing in the market.
B)
firms have no control over the price they charge.
C)
firms vie against each other to get customers to buy their version of the
product.
D)
none of the above25)
In a monopolistically competitive market, there
A)
are many firms selling an identical product.
B)
is only one firm that sells many similar yet slightly different products.
C)
are many firms that have slight control over the price they charge for their
product.
D)
are substantial barriers to entry.
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
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