Assignment for ECN 201, Principles of Microeconomics: The Good I Chose (Bananas) (See Attached Paper)
1. Go back and re-read the essay you submitted in which you selected a good in what was supposed to be a competitive market.
2. Based on what you have learned about market structures, write a 400-500 word essay that assesses the good as you defined it as either fitting the criteria for a perfectly competitive market, or, alternatively, as fitting the criteria for some other market type. Your essay should begin with a clear thesis statement and should include properly labeled, relevant market diagram(s) and quantitative evidence as part of the narrative. Sources should be properly documented, and calculations – if any – should be presented in an appendix.
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