AB 224

AB 224 WEEK 10 Topic 1 Discussion topic Role of Advertising Assume that you are going to start a small business of your own. Further imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm. a. Describe the business and its likely main competitors. b. How would you structure your advertising and customer service to differentiate your product/

4 Other / Other University of Phoenix / AB 224 28 Oct 2015

AB 224 WEEK 9 Topic 1 Discussion topic Real World Monopolies Describe an example of a real world industry or market that would be considered by economists to be a natural monopoly. a. What characteristics of the industry make it a monopoly? b. What is the impact of the monopoly power on its customers? c. Why might government want to regulate natural monopolies? d. How might such regulation be structured?

4 Other / Other University of Phoenix / AB 224 28 Oct 2015

AB 224 WEEK 8 Topic 1 Discussion topic Your Own Business Assume that you are going to start a small business of your own. Describe the business and, utilizing the concepts of this unit and the earlier units, discuss: a. what costs you would incur; b. what competition you might experience; c. how you would determine the price you would sell your product; and, d. how much product you would produce?

4 Other / Other University of Phoenix / AB 224 28 Oct 2015