. Select one market to focus on. Clearly indicate the market and describe the market structure. For example, is it perfe

[answerhappygod]

. Select one market to focus on. Clearly indicate the market and
describe the market structure. For example, is it perfectly
competitive? Is an oligopoly market? And so on. • • You are free to
select any market of your choosing. For example, the global market
for copper, the market for housing in London, the market for cheese
in the United States, etc… You will have more to talk about for
some markets than for others, and you must ensure you can find the
appropriate price data. 10. Present data which shows the evolution
of prices in that market over time. Try to describe any interesting
movements or trends using the concepts covered in the course. • •
For example, can you describe a sudden price jump by a cartel
breaking apart, or by a demand shock? Or can you describe a gradual
decline in prices by a gradual change in consumer tastes? • • A
good source of price data is the St Louis Fed: Link. There are many
other sources online. 11. If the government were to intervene in
this market by taxing suppliers, what would happen to prices in the
short run and in the long run?