Cited references are necessary one of which must be our textbook.
This is a critical thinking & analytical assignment which should be put entirely in your own words & perspective. It must be supported with appropriate research data. The final Essay however will apply the following course concepts to relevant sections of the Industry Analysis: 1. Determinants of Demand 2. Determinants of Supply 3. Market Failures/Externalities 4. Elasticity of Demand 5. Utility Maximization 6. Costs of Production 7. Demand for Resources 8. Market Structure.