Reference no: EM132288685

Question: 1) Briefly describe the nature and characteristics of your chosen company.

2) Briefly describe the prevailing market structure including (as applicable) relevant demand- side and supply-side elasticities, externalities, public goods features, price controls, taxes, tar- iffs, subsidies, tradequotasand/oranyotherforcesrelevanttomarketefficiencyandthefirm's competitiveness.

3) Briefly describe the recently enacted or upcoming domestic and/or international government policy facing the market.

4) Describe the announced reason and some other potentially plausible (possibly unannounced) reasons why the government might want to enact the policy.

5) Using the tools of economic analysis, explain how the announced government intervention will achieve its stated aims.

6) Note any unintended consequences of the policy, briefly describing how they might arise.

7) List and briefly describe any other reasonable means the government possesses for achieving its stated aims. Include a short statement with each describing its likely market and welfare impacts. Explain why the government chose to implement its announced policy instead of adopting another approach.

8) Find and briefly describe a real-life example of an essentially similar government intervention in an essentially similar market at any time previously anywhere in the world. Did that intervention produce its intended results? How can that example be used to inform your economic analysis in item 5, above?

9) Conclude your essay with a critical reflection about how useful your economics approach is for understanding and providing policy guidance in the analysed situation in the real world.

Information related to above question is enclosed below:

Attachment:- ECONEssay.rar