Market Structures[WLOs: 1, 2, 3, 4] [CLOs: 1, 2, 3, 4, 5, 6, 7]Prior to the Week 4 assignment, read Chapters 9, 10, and 11 in your textbook. Select one real-world company to use for the Week 4 assignment.In your paper,Distinguish among four market structures: perfect competition, monopolistic competition, oligopoly, and monopoly in this order.Identify your company’s market structure (i.e., perfect competition, monopolistic competition, oligopoly, and monopoly).Explain your reasoning.Examine whether competitive pressures are present in your company’s industry with high barriers to entry.Evaluate how high barriers to entry into the industry may influence your company’s long-run profitability.Explain the price elasticity of demand in your company’s market structure and its effect on your company’s pricing decision.The Market Structures paperMust be three to five double-spaced pages in length (not including title and references pages) and formatted according to APA Style(Links to an external site.)as outlined in the Writing Center’s APA Formatting for Microsoft Word(Links to an external site.)Must include a separate title page with the following:Title of paper in bold fontSpace should appear between the title and the rest of the information on the title page.Student’s nameName of institution (University of Arizona Global Campus)Course name and numberInstructor’s nameDue dateMust utilize academic voice. See the Academic Voice(Links to an external site.)resource for additional guidance.Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.For assistance on writing Introductions & Conclusions(Links to an external site.)as well as Writing a Thesis Statement(Links to an external site.), refer to the Writing Center resources.Must use at least three scholarly and/or credible sources in addition to the course text.The Scholarly, Peer-Reviewed, and Other Credible Sources(Links to an external site.)table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.To assist you in completing the research required for this assignment, view the Quick and Easy Library Research(Links to an external site.)tutorial, which introduces the University of Arizona Global Campus Library and the research process, and provides some library search tips.Must document any information used from sources in APA Style as outlined in the Writing Center’s APA: Citing Within Your Paper(Links to an external site.)Must include a separate references page that is formatted according to APA Style as outlined in the Writing Center. See the APA: Formatting Your References List(Links to an external site.)resource in the Writing Center for specifications.Carefully review the Grading Rubric(Links to an external site.)for the criteria that will be used to evaluate your assignment.