Writing Feedback /
MONOPOLY VS. PERFECT COMPETITION (research paper feedback) [3]
Hello, it looks like this is done in a citation style that is a cross between APA and MLA. In APA, you use the author-date system, like here:
Having the ability to decide price is the "distinction which differentiates perfectly competitive markets from imperfectly competitive ones." (
Kreps, 1990, p. 265).
Above, I added a comma after Kreps in the parenthetical reference.
In MLA, no date is necessary in the in-text citation. No comma is necessary either, so it looks like this:
As W. Nicholson defines it, a "monopoly is a single supplier to a market [and it] may choose to produce at any point on the market demand curve" (Nicholson 495).
and this:
This idea derives from Adam Smith when he defined a perfectly competitive market as "one in which there is no impediment to free contracting and free entry and exit of productive resources" (Smith 126).
In MLA, the reference list is called Works Cited, whereas in APA it is called References. You called yours Works Cited, so I am guessing that you are using MLA.
I will correct your Works Cited list for correct MLA--
Kreps, D.M..
A Course in Microeconomic Theory. New York: Harvester Wheatsheaf, 1990.
Nicholson, W.
Microeconomic Theory: Basic Principles and Extensions. 9th. United States: South-Western College Publishers, 2006.
Smith, Adam.
The Wealth of Nations. Bantam Classics. New York: Bantam Publishing, 2003.
ACTUALLY, I did not change anything, except they do not have to be numbered. I think you should google "mla style guide" and look at the rules. Your essay is excellent, though, and unless your teacher is a stickler for MLA, you should have nothing to worry about. Good Luck!!
Kevin