Q Week 4 Pre-assignment Details & Rubric-10 Points Assignment: Identify the market type that most closely approximates your chosen industry. (Monopoly. Oligopoly, Monopolistic Competition, or Pure Competition). What characteristics do you observe in the industry that support this identification? Provide evidence. What does the market type suggest about pricing and output strategy? About the need for advertising? About the presence of other firms in this market? Are there any other considerations that must be considered because of the market type? CATEGORY Excellent Good Novice Content 4 Points • Market type is clearly identified. Evidence is clearly identified, relevant, and consistent with economic theory. • Information presented is clearly related to economic theories, concepts and main ideas of the course. Writing reflects a sophisticated understanding of these concepts. 3 Points • Market type is clearly identified. Evidence is not clearly presented. • Information presented may be related to economic concepts but relationship is not clearly identified and may not be apparent to the reader. Writing reflects a basic understanding of economic concepts. 2 to 0 Points • Market type is not clearly identified. • Information presented is not clearly related to economic theories, concepts, or main ideas of the course. Writing does not reflect an understanding of basic economic concepts. Analysis 4 Points • Information is synthesized and implications are clearly identified for pricing and output strategy, advertising, and other considerations listed in the assignment. 3 Points • Relevant observations are reported and some implications are implied but implications are not clearly analyzed. 2 to 0 Points • Reported information is not analyzed. Clarity of Writing and Writing Technique 2 Points • Writing demonstrates original or innovative thinking. Writer communicates insight and perceptiveness in making connections. • Discussion begins with strong objective facts and then progresses to interpretation, application, and analysis. 1 Points • Writing demonstrates some original or innovative thinking. Writer communicates some insight and perceptiveness in making connections. • Discussion tends toward reporting without application, interpretation, or analysis. Writing is generally clear with some unnecessary words, run-ons, etc. Writing structure is repetitive or similar to the source without additional interpretation. Few spelling, grammar, punctuation errors. 0 Points • Writing does not demonstrate original or innovative thinking. Writer does not communicate insight and perceptiveness in making connections. • Discussion is almost entirely reporting without any interpretation, application, or analysis.