This week, you will wrap up the research of your Market assignment by submitting a 5-page written report that covers the following:
- Describe the distribution of firms and consumers in:
- Are there only a few on one side or both sides?
- Is there a mix of very different kinds of firms? Or consumers?
- Aggregate the consumer demand functions to construct a market demand.
- Describe and write down mathematically any important constraints or regulations on the market.
- If possible, solve for the equilibrium ou
- Say something interesting about the Some ideas:
- How would changes in input prices affect the market equilibrium?
- Is there a policy that if implemented would improve efficiency?
- What implications would an improvement in production technology have?
- Is the market outcome efficient?
- How is market surplus divided between consumers and producers/sellers?
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