In writing your Paper, answer the following questions (without quoting them in the body of the text.)
Define and describe your market and choose the market structure model which would be appropriate for analyzing it. Explain your choice.
Describe what sorts of competitive or cooperative behaviors the firms in your market exhibit. How important is marketing in firms’ sales?
Discuss any significant advertising or social media strategies. What pricing strategies do the firms use?
What factors affect the profitability of firms in your market?
How does the Five Competitive Forces Model help you to understand your market? Be specific. If you think that the “bargaining power of suppliers” is important, explain why it is.
[You do not have to answer all these questions choose the ones that seem most relevant to your market and use the textbook index to find them.]
What sort of government intervention/regulation/support do you observe in your market? In general terms, estimate the impact of the government on the market. Do you think that government intervention or regulation significantly affects consumer or producer welfare?
What would you say are the three most significant developments in this market over the last 10 years?
The main section of the Paper should be a minimum of 3 pages in length. The Paper should be double spaced in 12- point font. Your Paper should include your name, and a title on the cover page. You should have an introduction and conclusion, and a reference page with at least 6 sources. You should provide adequate documentation of the information used in your Paper.
