The Economics of Labor Markets

You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in the industry that you analyzed in Week 3.

You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes. You will assess how the market structure positively and negatively affects the organization’s ability to earn an economic profit over time and evaluate the effectiveness of the organization’s competitive strategies. You will describe in detail the labor market.

Pharmacetical Industry (Painkillers) is the group and Purdue Pharma, who makes OxyContin is the company.

Create a 2-slide Microsoft® PowerPoint® presentation including detailed speaker notes.

STRATEGIC RECOMMENDATIONS

Make recommendations related to the strategies the organization might consider to maximize its profits. [Not less than 2 slides]

Give abundant economic data to support your comments.

Cite a minimum of 2 peer reviewed sources. [Not less than one slide]

Format your presentation consistent with APA guidelines.

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