Question
Complete an economic analysis paper of the film industry; in your analysis, start your introduction with a general description of the industry and a brief
Complete an economic analysis paper of the film industry; in your analysis, start your introduction with a general description of the industry and a brief history of the industry. In the second part of the analysis, explain the Industry's market structure, stating the number size of firms and industry concentration measures (i.e., market shares, CR4, CR8, HHI, NEF). In the third part of the paper analyzes the conduct of Firms and Strategies Prevalent in the Industry by stating the Pricing practices and strategies, the Role and importance of non-price strategies, Degree and types of product differentiation, Other competitive strategies such as cost leadership or niche marketing, Merger, and acquisition activity. Part four of the paper states the Firm and Industry Performance. It analyzes Measures of profit (i.e., the actual values for firms in your industry for net profit, net profit margin, ROA, and ROE, but could also include gross profit, gross profit margin, operating profit, and operating profit margin), Comparative profit measures possibly from other industries and Other relevant measures of industry performance such as stock price. Part 6 of the paper explains the Determinants of Global Supply and Demand for the Industry, stating the Supply conditions, Major factors influencing supply (i.e., shifters), Price elasticity, and Structure of input markets. Also, state the Demand conditions, Major factors influencing demand (i.e., shifters), Price, cross-price, and income elasticities, and Impact of other demographic trends. Part six analyzes the risks to the industry by stating the Rising input costs, Changing customer preferences, Technology, Government regulation, Global competition, Macroeconomic outlook, and Other risks to the industry. Also, provide references for your sources.
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