(Solved): OPERATING A UNIVERSITY IN A PERFECTLY COMPETITIVE ENVIRONMENT
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(Solved): OPERATING A UNIVERSITY IN A PERFECTLY COMPETITIVE ENVIRONMENT
Module 6 Memo Assignment Write a memo to (UWF President) Judy Bense explaining how a university would look if it operated in a perfectly competitive environment (using the characteristics of perfectly competitive markets). Include an explanation of what would happen if it received a favorable price for university products this year. Hint: From the material, remember what happens in a perfectly competitive market if the current price is greater than average cost (or producers are currently earning positive economic profits). The deliverable is a one-page memo in a Microsoft Word, a basic txt or a pdf format. The memo will include: a “TO:” line; a “FROM:” line; a “DATE:” line; a “SUBJECT:” LINE; and the memo body. Look for the Rubric for Memo Assignments file in order to see how your memo will be graded.
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