Expert Answer:ECO100 Strayer University The utilities industry d

  

Solved by verified expert:This assignment is aligned to these course outcomes:Explain economic principles and their applications in the real world.Summarize the different types of market structures and the role of government in economics.In the workplace, we are often asked to create “briefs.” A brief provides a snapshot, or short, written summary, of a situation or event that has occurred. It is generally just a few pages long and may include additional visuals like a graph, chart, or table. In this assignment, write a brief about economic concepts in an industry that interests you. (EXAMPLE Brief is attached)Use this resource to select an industry and learn about the products and services it provides:NAICS (North American Industry Classification System) https://www.census.gov/cgi-bin/sssd/naics/naicsrch…Select the number next to the industry to see its subsectors, e.g., select 52 to see Finance and Insurance.Select that same number again to read about the industry as a whole or select a sub-category. For example, Mining is 21, and Oil and Gas Extraction, a sub-category, is 211. (https://www.census.gov/cgi-bin/sssd/naics/naicsrch…)InstructionsReview your previous chapter readings and use the resource above to develop an economic brief that is two to three (2-3) pages long in which you:Select an industry and describe the goods and/or services this industry produces. Use the NAICS resource above to help you select an industry (and/or subsector) for your brief. Identify this industry’s market structure and at least two or more market characteristics that support this market structure. (Market structures are covered in Weeks 3 and 4.)Describe any notable microeconomic relationships, market outcomes, and/or trends in this industry. Include a graph, chart, or table containing related data. (Microeconomic relationships and market outcomes are covered in Weeks 2 through 4.)How might government impact this industry’s market prices, output, and/or market structure? (Government intervention through price controls, industry regulations, and antitrust enforcement
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Economic Brief
Title
By Your Name
ECO100
Professor’s Name
Date
Economic Brief
Title
(Enter your introduction text here. It should be no more than a paragraph or two. Please delete
these instructions before submitting your paper.)
Industry Goods and Services
(In this section you should describe the goods and/or services produced by an industry that you
pick from this list from the North American Industry Classification System. Please delete
these instructions before submitting your paper.)
Market Structure and Characteristics
(Your text here should identify this industry’s market structure and two or more market
characteristics. Please delete these instructions before submitting your paper.)
2
Microeconomic Relationships, Market Outcomes, and/or Trends
(In this section you should discuss ONE of these items as it relates to this industry: a notable
microeconomic relationship, a market outcome, or a trend in the industry. Include a graph, table, or chart
if possible. Delete these instructions before submitting your paper.)
How Government Intervention May Impact the Industry
(Your text here should explain how government intervention might impact this industry’s market
prices, output, and / or market structure. Please delete these instructions before submitting your paper.)
3
Sources
1. List in order of use.
2. List a second source here.
3. Repeat for additional sources.
4

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