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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
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Criteria |
Points |
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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/
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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/ |
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Identify other competitors in the market. 2 competitors identified 5 points 3 or more competitors identified full credit of 10 points |
10/ |
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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/ |
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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/ |
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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/ |
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Summarize key points. Included 10 points Not included 0 points |
10/ |
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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/ |
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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/ |
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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/ |
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Each day assignment is submitted late, a 10% deduction per day will be applied towards your total grade. |
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Total |
100 |
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