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In our session this module week we’ve been discussing the differences between micro and macroeconomics. Hopefully, you’ve learned a lot from our deep dive into the Circular Flow Model. Let’s put what we’re learning to the test! In this assignment, prepare a short essay that distinguishes the role of firms in our macroeconomy.
In your essay, identify the following:
- Choose a real-life example of an oligopolistic market structure in the U.S.
- Identify how your firm has been impacted by our macroeconomy.
- Determine if your firm was dependent on the federal government for a bailout and/or restructuring.
- Describe the factors your chosen firm has taken to avoid market failure at a macro-level.
- Examine how your chosen firm affects our macroeconomy with regard to economic output.
Your essay must be supported by a minimum of three sources, be in current APA format, and be at least 500 words in length. Here are the required pages:
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- Title page
- Body of the paper
- Reference page
Your paper will automatically be evaluated through Turnitin when you submit your assignment in this activity.
Save your assignment using a naming convention that includes your first and last name and the activity number (or description). Do not add punctuation or special characters.
Note: Investopedia and Wikipedia are not considered credible sources in academia. Please do not include Investopedia or Wikipedia as sources for any assignment in this course.