Have you heard of "The Five Forces model" popularized by Harvard professor Michael Porter, that is a framework for analyzing the attractiveness of an industry? These readings came from the book Managerial Economics by Froeb, Chapters 10, 11, and 12.

The assignment was to look at a couple of items sitting around me right now. Select and identify chosen 3 items for discussion.

1. After researching Porter's Five Forces model, what is an example of how'd you'd briefly describe how attractive the industry is at present for each selected item?

2. Then, how would you discuss demand elasticity for those items. Is the item demand elastic or inelastic? Why? Your opinion?