You are analyzing the automobile industry. Identify at least five global firms operating in the U.S. market. With regard to the U.S. market, identify the generic competitive strategy of each firm. For those who have a differentiated strategy, identify their points of differentiation. For all firms, identify where, along the value chain, they create differentiation or lower cost than competitors. After completing your assigned readings, using the principles learned in this module, submit your comments to the Discussion Area by Wednesday, January 25, 2012. Then during the rest of the module read, critique, and respond to submissions by at least 3 of your classmates. All written assignments and responses should follow APA rules for attributing sources.Assignment 1: Market Model Patterns of Change

Due Week 4 and worth 200 points

Choose and research an industry where there has been a pattern of change in a particular market model (monopoly, oligopoly, etc.).

Write a four to five (4–5) page paper in which you:

Describe the industry and explain the general pattern of change of the particular market model.

Hypothesize the basic short-run and long-run behaviors of the model in the industry you have chosen in a “market economy.”

Analyze at least three (3) possible areas for the industry that could lead to transaction costs, and explain each in detail.

Speculate about the behavior that could result from these transactions and propose at least two (2) strategies for dealing with them.

Collect costs, revenue data, or other data from the industry that you deem relevant. Explain how you would modify the data in order to make it relevant to decisions a manager must make.

Explain the major factors that affect the degree of competitiveness in your industry. Use the data to develop at least three (3) measures (e.g., productivity measures) to show how the industry is evolving.

Use at least three (3) high-quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

Be typed, double-spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

Apply the concepts of supply and demand to determine the impact of changes in market conditions in the short run and long run and the economic impact on a company’s operations.

Use short-run and long-run firm production and cost functions to evaluate the impact on industries.

Analyze how production and cost functions in the short run and long run affect the strategy of individual firms.

Use technology and information resources to research issues in managerial economics and globalization.

Write clearly and concisely about managerial economics and globalization using proper writing mechanics.

Student ID: 200010935

Eco 550

Assignment 1

1) Industry and general pattern of change 

2) Hypothesize the basic short-run and long-run in a market economy

3) Three possible areas for the industry that could lead to transaction costs, and explain each in detail.

4) Speculate about the behavior that could result from these transactions and propose at least two                        strategies for dealing with them.

5) Collect costs, revenue data, or other data from the industry modify the data in order to make it relevant to decisions a manager must make

6) The major factors that affect the degree of competitiveness. Use the data to develop at least three measures (e.g., productivity measures) to show how the industry is evolving.

Bibliography