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In our session this module week we`ve been discussing the differences between micro and macroeconomics. Hopefully, you`ve learned a lot from our deep dive into the Circular Flow Model. Let`s put what we`re learning to the test! In this assignment, prepare a short essay that distinguishes the role of firms in our macroeconomy.
In your essay, identify the following:
Choose a real-life example of an oligopolistic market structure in the U.S.
Identify how your firm has been impacted by our macroeconomy.
Determine if your firm was dependent on the federal government for a bailout and/or restructuring.
Describe the factors your chosen firm has taken to avoid market failure at a macro-level.
Examine how your chosen firm affects our macroeconomy with regard to economic output.