The study of government regulation and the competitive environment for business is relevant to all t

The study of government regulation and the competitive environment for business is relevant to all those who study business. All business candidates need to understand how the competitive environment will impact their employers and businesses. Task: Write an essay (suggested length of 2–3 pages) that describes the relationship between regulation and market structures and how regulation affects the market. A. Summarize the four major pieces of legislation collectively known as the Antitrust Laws. B. Discuss the intended purpose of industrial (i.e., economic) regulation as it applies to the following market structures:
1. Oligopoly
2. Monopoly C. Explain the major functions of the three primary federal and state regulatory commissions that govern industrial regulation. D. Discuss the intended purpose of social regulation as it applies to all market structures. E. Explain the major functions of the five primary federal regulatory commissions that govern social regulation. F. When you use sources, include all in-text citations and references in APA format.   Levels/Criteria Unacceptable Needs Revision Meets Standard Exemplary Score/Level
Articulation of Response (clarity, organization) There is no evidence of response to the prompts. The articulation of the response is weak. The articulation of the response is adequate. The articulation of the response is skillful.
Accuracy of Mechanics (grammar, punctuation, spelling) The work includes several major errors that disrupt the meaning or flow of the response. The work includes a few major errors and/or many minor errors that interfere with the clarity of the response. The work includes a few minor errors but no readily detectable major errors. The work includes no readily detectable major or minor errors.
A. Antitrust Laws The candidate does not summarize the four major pieces of legislation collectively known as the Antitrust Laws. The candidate provides an illogical summary of the four major pieces of legislation collectively known as the Antitrust Laws. The candidate provides a logical summary of the four major pieces of legislation collectively known as the Antitrust Laws. The candidate provides a credible and well-supported summary of the four major pieces of legislation collectively known as the Antitrust Laws.
B1. Oligopoly The candidate does not discuss the purpose of industrial regulation as it applies to the oligopoly market structure. The candidate provides an illogical discussion of the purpose of industrial regulation as it applies to the oligopoly market structure. The candidate provides a logical discussion of the purpose of industrial regulation as it applies to the oligopoly market structure. The candidate provides a credible and well-supported discussion of the purpose of industrial regulation as it applies to the oligopoly market structure.   B2. Monopoly The candidate does not discuss the purpose of industrial regulation as it applies to the monopoly market structure. The candidate provides an illogical discussion of the purpose of industrial regulation as it applies to the monopoly market structure. The candidate provides a logical discussion of the purpose of industrial regulation as it applies to the monopoly market structure. The candidate provides a credible and well-supported discussion of the purpose of industrial regulation as it applies to the monopoly market structure.
C. Regulatory Commissions for Industrial Regulation The candidate does not explain the major functions of the 3 primary federal and state regulatory commissions that govern industrial regulation. The candidate provides an illogical explanation of the major functions of the 3 primary federal and state regulatory commissions that govern industrial regulation. The candidate provides a logical explanation of the major functions of the 3 primary federal and state regulatory commissions that govern industrial regulation. The candidate provides a credible and well-supported explanation of the major functions of the 3 primary federal and state regulatory commissions that govern industrial regulation.
D. Purpose of Social Regulation The candidate does not discuss the intended purpose of social regulation as it applies to all market structures. The candidate provides an illogical discussion of the intended purpose of social regulation as it applies to all market structures. The candidate provides a logical discussion of the intended purpose of social regulation as it applies to all market structures. The candidate provides a credible and well-supported discussion of the intended purpose of social regulation as it applies to all market structures.
E. Regulatory Commissions for Social Regulations The candidate does not explain the major functions of the 5 primary federal regulatory commissions that govern social regulation. The candidate provides an illogical explanation of the major functions of the 5 primary federal regulatory commissions that govern social regulation. The candidate provides a logical explanation of the major functions of the 5 primary federal regulatory commissions that govern social regulation. The candidate provides a credible and well-supported explanation of the major functions of the 5 primary federal regulatory commissions that govern social regulation.
F. Sources When the candidate uses sources, the candidate does not provide in-text citations and/or references for each source used. When the candidate uses sources, the candidate provides appropriate in-text citations and/or references with major deviations from APA style. When the candidate uses sources, the candidate provides appropriate in-text citations and/or references with minor deviations from APA style. When the candidate uses sources, the candidate provides appropriate in-text citations and/or references with no readily detectable deviations from APA style, OR the candidate does not use sources.