Project: Prepare a 4 to 6 page paper. Use charts and graphs as necessary. begin with a public company that has been in existence over 50 years. Find its industry and research the industry statistics. Answer the following questions 1. Describe the history of company and industry, founders, innovations, products, etc. Create a timeline showing when the company began, who started it and how it progressed to where it is now.( see timeline.com) 2. What market model is it?(monopoly, oligopolu, etc) 3. Is it a price marker to taker; why? 4. What percentage of its industrys market share does it have? 5. Using economic concepts explain the history of the industry; (i.e. growth or shrinkage from 1800s until present) 6. Discuss regulatory concepts associated with your industry. Who regulates it What type of regulations Penalties for not conforming to regulation Cost associated to conforming to regulation. 7. List the barriers to entry for this industry. 8. Are the price fixing arrangements in this industry? 9. What is the supply and demand of the products? 10. You may use other economic concepts to formulate your paper.
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