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ECO 301 Intermediate Microeconomics _ Week8_Assignment_2_Submission_Answer

ECO 301 Intermediate Microeconomics _ Week8_Assignment_2_Submission_Answer

ECO 301 Intermediate Microeconomics _ Week8_Assignment_2_Submission_Answer

ECO 301 Intermediate Microeconomics _ Week8_Assignment_2_Submission_Answer

ECO 301 Intermediate Microeconomics _ Week8_Assignment_2_Submission_Answer

ECO 301 Intermediate Microeconomics _ Week8_Assignment_2_Submission_Answer

ECO 301 Intermediate Microeconomics _ Week8_Assignment_2_Submission_Answer

Assignment 2: Imperfect Competition: Tacit Collusion

Imagine that you are the owner of a firm. You would like your firm to enter the market in
an area where there is imperfect competition and possible tacit collusion. Analyze the
market environment to determine whether or not it would be a wise strategy for you to
enter the market.

Write a three to five (3-5) page paper that answers the following:
1. Analyze a market environment with tacit collusion, including deterrents from
entry.
2. Evaluate the profitability of entering the market.
3. Examine how the time horizon affects the profitability of entering the market.
4. Determine whether or not you should enter the market and justify your answer.

The format of the paper is to be as follows:
o Typed, double-spaced, Times New Roman font (size 12), one-inch margins on
all sides, APA format.
o Use headers for each of the subjects being covered, followed by your response.
o In addition to the three to five (3-5) pages required, a title page is to be
included. The title page is to contain the title of the assignment, your name, the
instructor’s name, the course title, and the date.

Market environment with tacit collusion

Profitability of entering the market

Time horizon effect on the Profitability:

Whether or not Firm should enter the market

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