Project 1 Assignment : Week 1: ECON 600 : October 1,, 2020
|This assignment will be submitted to Turnitin®.|
|Complete your Research Project 1 in a Word document, APA formatted, and then submit it in the Assignment section of the classroom by midnight, EST, Day 7.|
The instructions concerning this assignment as well as the grading rubric are reproduced below. Pricing strategy varies significantly across different market structures. The pricing guidelines in a monopoly market are relatively straightforward. Since the company is the only producer offering the product, it can mark-up the price as far as the customer can bear. The pricing strategies for a producer operating in a perfect competition structure are also fairly intuitive. They are price takers, and hence price is set at the marginal cost of the product. This is due to the fact that there are many firms offering nearly identical products. However, there is optimal pricing for the market structures offering differentiated products with many competitors (oligopoly) or a few producers (monopolistic competition). These are much more complex and involved. It has been stated that differentiation in products that creates differences in customer valuation is the most prevalent type of competition. In such markets pricing strategies may include the three C’s of cost, competition, and customer. Develop a paper detailing an analysis of market structures and relating pricing strategies that are suitable for each of these structures. Furthermore, include a real-world example of pricing strategy for a specific company by identifying its market structure. Your paper should be around 10 double spaced pages, in APA Format and structured as follows: Cover page with a running head
1. Perfect Competition
1.2. Pricing Strategies
2. Monopolistic competition
2.2. Pricing Strategies
3.2. Pricing Strategies
4.2. Pricing Strategies
5. Case Study
References Your paper needs to include at least three scholarly sources, i.e. peer reviewed articles. I strongly recommend the use of the APUS library for these sources, as most acceptable resources can only be found in protected databases.
|Oct 4, 2020 11:55 PM|
Rubric Name: ECON Writing Assignment Rubric
This table lists criteria and criteria group name in the first column. The first row lists level names and includes scores if the rubric uses a numeric scoring method.Criteria
Did not attempt
Exceeds expected level of explanation and discussion on the assignment areas/topics. All areas included in the analysis.
Meets expected level of explanation and discussion on the assignment areas/topics. All areas included in the analysis.
Does not meet expected level of explanation and discussion on the assignment . No more than one areas of analysis need improvement and/or additional development.
Does not meet expected level of explanation and discussion on the assignment . Multiple areas of analysis need improvement and/or additional development. One or more areas were not addressed.
Does not meet expected level of explanation and discussion on the assignment. Significant areas of analysis need improvement and/or additional development. Assignment not submitted.
Student demonstrates proficient command of the subject matter in the assignment. Assignment shows an impressive level of depth of student’s ability to relate course content in examples given.
Student exhibits above average usage of subject matter in assignment. Student provides above average ability in relating course content in examples given. Details and facts presented provide an adequate presentation of student’s current level of subject matter knowledge.
The assignment reveals that the student has a general, fundamental understanding of the course material. Whereas, there are areas of some concerning in the linkages provided between facts and supporting statements. Student generally explains concepts, but only meets the minimum requirements in this area.
Student tries to explain some concepts, but overlooks critical details. Assignment appears vague or incomplete in various segments. Student presents concepts in isolation, and does not perceive to have a logical sequencing of ideas.
Explaination of concepts not provided and/or only surface level understanding is present . Assignment is incomplete or not submitted.
Thesis and Support
The writing has a clearly articulated original thesis and subordinate ideas supported by reliable and relevant evidence based on original research.
The writing has a clearly articulated thesis supported by appropriate evidence and sound logic. Minor gaps in logic and argument may appear.
The writing has a clear thesis and related subordinate ideas supported by clear thinking and appropriate evidence. Logical arguments may be one-sided or incomplete.
The writing may need a more clearly articulated thesis and/or appropriate related subordinate ideas. Fuzzy logic may be evident and adequate supporting evidence is lacking.
Student has a presented information with little to no support of reference materials. Assignment is incomplete or not submitted.
Grammar and Spelling
Paper contains less than 2 total grammatical and/or spelling errors.
Paper contains 2-4 total grammatical and/or spelling errors.
Paper contains 5-7 total grammatical and/or spelling errors.
Paper contains 8-10 total grammatical and/or spelling errors.
Paper contains more than 10 total grammatical and/or spelling errors. Assignment is incomplete or not submitted.
Paper contains less than 2 APA errors.
Paper contains 2-4 APA errors.
Paper contains 5-7 APA errors.
Paper contains 8-10 APA errors.
Paper contains more than 10 APA errors. Assignment is incomplete or not submitted.
Paper meets the length requirement for the assignment.
Paper greater than 90% or substantially exceeds the length requirement for the assignment.
Paper is less than 80% but greater than 70% of the length requirement for the assignment.
Paper is less than 70% of the length requirement for the assignment.
Paper is less than 60% of the length requirement for the assignment. Assignment is incomplete or not submitted.
Rubric Total ScoreTotal