Research an issue related to Monopolies or Oligopolies which has negatively impacted the economy of a particular country or region of your choosing in the past or in the present.

Econ #12 Assignment

For this assignment, you must use detailed statistical data, researched information and financial or economic concepts to support the arguments that you will present in your text.

Research an issue related to Monopolies or Oligopolies which has negatively impacted the economy of a particular country or region of your choosing in the past or in the present.

You should include all of the following in your 450-word text, but can choose to incorporate more information so as to provide a more complete response:

·       Very briefly describe a Monopoly, Oligopoly, Monopoly industry or Oligopoly industry operating in the country or the region of your choice. You must use statistical data and 1 graph to address this question.

·       Briefly describe the issue caused by that Monopoly, Oligopoly, Monopoly industry or Oligopoly industry in the country or region that you chose. 

·       You must integrate 2 economic concepts such as monopolistic competition, implicit costs, opportunity cost, and law of supply and demand to explain how the Monopoly, Oligopoly, Monopoly industry or Oligopoly industry negatively impacted the country or region that you chose. You can use graphs or equations to relate the concepts that you chose.

·       Use the knowledge acquired in this class to make a normative assessment and propose a policy recommendation that you believe would help to mitigate the adverse impact(s) of the Monopoly, Oligopoly, Monopoly industry or Oligopoly industry on the country or region that you chose. (This last question will account for a significant portion of your Discussion Forum grade)

General Instructions

·       You must integrate 2 economic theories and apply them to your analysis.

·       You must state your interpretation of the information that you provided and then justify your interpretation using several arguments that you will need to explain.

·       You must appropriately reference all of your sources using the APA or MLA guidelines.

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