Reference no: EM133231907

Assignment:

Research prices for a product that interests you in a country of your choice. (ensure it meets the required criteria as outlined below).

Consider various theoretical concepts presented (Micro-economics) and how they are applied, including how the impact of government/industry intervention (or lack of) has impacted on the demand/supply for that product; the prices for that product, and the evident market structure that the product is sold in.

Discuss some advantages & disadvantages of government intervention (or lack of) with reference to your chosen product; and what type of product you have chosen. Whether these have been positive or negative impacts for consumers & the market.

Report question to respond to:

Based on your discussion, provide an opinion as to whether intervention should continue or not continue in the price discovery of your chosen product. Please bold your thesis statement in your introduction paragraph. The thesis statement MUST respond to this report question.

Thesis statement example 1:

The government should continue/should not continue to intervene in the price discovery of <product> in <country>.

Thesis statement example 2:

The government needs to/should not intervene in the price discovery of <product> in <country>.