Continuation – Women with big feet
Submit a report that covers a general analysis of your chosen market from week 2 and 3.
Use References.
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Describe the distribution of firms and consumers in the market.
Are there only a few on one side or both sides?
Is there a mix of very different kinds of firms? Or consumers?
Describe any important constraints or regulations on the market.
Pick two questions from the following list to answer about your market:
How would changes in input prices affect the market equilibrium?
Is there a policy that if implemented would improve market efficiency?
What economic implications would an improvement in production technology have?
Is the market outcome efficient?
How is market surplus divided between consumers and producers/sellers?
I attached week 2 and 3.
