Economics Module 3 paper

Question Description

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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