questions to answers for the essay:
- what is the final output is being produced in your industry (music industry).
- what things are likely to affect demand for this product or services?
3.what things are likely to affect the supply of this product or service.
- would you say that demand is elastic or inelastic? why?
- what market structure best characterizes your chosen industry?
- what, if any, sort of government regulations exists in your industry?
- Have there been any antitrust cases in your industry?
- what sort of international trade restrictions affect your industry?
- how can your unique contribution to a firm within this industry enable the firm to prosper?