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Explain Economic Principles and Market Structures

1. Select an industry and describe the goods and/or services this industry produces. Pick an industry from the

NAICS list.

2. 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.)

3. Describe any notable microeconomic relationships, market outcomes, and/or trends in this industry. Include a

graph, chart, or table containing related data.

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