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.
