ECO 204 ASH Tutorial / Uoptutorial


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ECO 204 Week 1 DQ 1 Elasticity of Demand

ECO 204 Week 1 DQ 2 Marginal Utility

ECO 204 Week 2 DQ 1 Tax Credits and the Labor Market

ECO 204 Week 2 DQ 2 Reduction of Costs

ECO 204 Week 3 DQ 1 Perfect Competition

ECO 204 Week 3 DQ 2 Oligopoly/Monopolistic Competition

ECO 204 Week 3 Assignment Manufacturing Industry Evaluation

ECO 204 Week 4 DQ 1 Externalities

ECO 204 Week 4 DQ 2 Tax Base

ECO 204 Week 5 DQ 1 Comparative and Absolute Advantage

ECO 204 Week 5 DQ 2 Equity versus Growth

ECO 204 Week 5 Final Paper (potato chip industry)


ECO 204 Week 3 Assignment Manufacturing Industry Evaluation

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Manufacturing Industry Evaluation:

Economists sometimes use concentration ratios to evaluate whether industries are oligopolies. In this assignment, you will make your own determination using the most recent data available. You will also discuss the merits and disadvantages of oligopolies in light of your research.

Go to the Concentration Ratios in Manufacturing page at the website of the U.S. Census Bureau, click on the PDF of the most recent Economic Census for Manufacturing (NAICS 31-33), and answer the following questions in a two to three page paper formatted according to APA style.

2. Find the four-firm concentration ratios for the following industries: fluid milk (311511), women's and girl’s cut & sew dresses (315233), envelopes (322232), and electronic computers (334111).

3. Assess the level of competition for each of the four industries.

4. Define oligopolies and identify which of the listed industries qualify as oligopolies.

5. Describe why these industries qualify as oligopolies and identify some of the firms that operate in the listed industries.

6. Discuss whether or not oligopolies are always bad for society, using examples from the firms you described.


ECO 204 Week 5 Final Paper

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Focus of the Final Paper

Review the following information pertaining to the potato chip industry and answer the questions below in a five to six double spaced page paper (not including title and reference pages).

In 2007, the potato chip industry in the Northwest was competitively structured and in long-run competitive equilibrium; firms were earning a normal rate of return and were competing in a monopolistically competitive market structure. In 2008, two smart lawyers quietly bought up all the firms and began operations as a monopoly called “Wonks.” To operate efficiently, Wonks hired a management consulting firm, which estimated a different long-run competitive equilibrium.

1. Given that the new company is now run as a monopoly, how will this benefit the stakeholders involved, such as the government, businesses, and consumers?

2. Given the transition from a monopolistically competitive firm to a monopoly, what will be the changes with regard to prices and output in both of these market structures?

3. What market structure is more beneficial for Wonks to operate in, and will this be the same market structure that will benefit consumers?

Be sure to explain the reasoning behind each of your answers.

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