Expert Answer :BUSINESS 2224 – Provide an SCP-analysis of a suita

Solved by a verified expert :1500 words:* Provide an SCP-analysis of a suitable industry of your choice. Describe its structure, firm conduct and evaluate its subsequent performance. What recommendation would you make for governmental policy? What are the implications for business policy? Does your analysis confirm the validity of the SCP-paradigm?- Objective Assessment Criteria:The objective of this assignment is for you to develop your grasp of economic concepts and your ability to apply them to business situations in order to gain insight for policy. In particular, the assignment will ask you to demonstrate your ability to• identify phenomena suitable for economic analysis• conduct independent research about such phenomena and the applicable economic theory• build and employ appropriate economic models and theories to represent and examine these• perform correct analysis of the models and make correct inferences from their analysis• use the analysis to generate relevant and appropriate policy or practical insight• present written economic ideas and analysis effectivelyStructure> The typical sections you may wish to include are a short introduction, an outline of the main theoretical concepts, their application to your chosen case and a conclusion about the major policy insights from your analysis.> Don’t need executive summaries or appendicesReferences: Harvard Styling