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Essay Available:
Pages:
1 page/β‰ˆ275 words
Sources:
1 Source
Style:
APA
Subject:
Business & Marketing
Type:
Article
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:

Monopolistic Competition in Digital Systems of Cars

Article Instructions:

You are to write about how the article demonstrates or applies an economic topic we have covered in the class. You are not to review the article, you are to analyze it using the knowledge you obtained during the quarter. Any paper that includes a review of the article will receive a score of ZERO (0) for failure to follow instructions. The paper will have three parts. Part one will introduce the economic topic you will be discussing. Do not use a definition of the topic. Part two will be a brief discussion of how your current event relates to the topic. Part three will be a link to the article. This is a brief paper, no more than one page.
I already included an article, no need to try and find one. Please see attached document.

Article Sample Content Preview:

Monopoly
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Understanding the relationship between market factors and economic reality is essential for any business. It allows them to have strategic decision-making and approaches to improve their overall business success. In line with this, the author of this article would like to focus on the concept of Monopoly. Monopoly as a concept is crucial in all industries, considering that a monopolistic market would allow a firm to maximize profits.
One of the currently discussed topics in line with Monopoly (or monopolistic competition) is the possibility of one company dominating the "car of the future." While most would agree that the car industry is a highly competitive market, building the future car might become monopolized because it serves as a uniquely different (and thus patentable) product, which could be dominated by a specific firm. Currently, reports show that the biggest companies are already vying to develop the best future car that integrates digital technologies (i...
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