Indicate how high entry barriers into a market will influence: Long-run profitability of the firms Cost efficiency of the firms in the industry Likelihood that some inefficient firms will survive Incentive of entrepreneurs to develop substitutes for the product supplied by the firms Are competitive pressures present in markets with high barriers to entry? Explain.

Market Structures In an eight- to 10-page paper, describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, monopoly), provide a real-life example of each market, and respond to the following for each market structure: Indicate how

Indicate how high entry barriers into a market will influence: Long-run profitability of the firms Cost efficiency of the firms in the industry Likelihood that some inefficient firms will survive Incentive of entrepreneurs to develop substitutes for the product supplied by the firms Are competitive pressures present in markets with high barriers to entry? Explain.

Market Structures In an eight- to 10-page paper, describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, monopoly), provide a real-life example of each market, and respond to the following for each market structure: Indicate how