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Identify a market; the market must be different than any of the markets posted by other students. The market should be bound geographically (e.g. the
Identify a market; the market must be different than any of the markets posted by other students. The market should be bound geographically (e.g. "the market for cars in California, or "the market for cheese in the United States," or "the market for avocadoes in San Diego.") Explain in one sentence why you bounded your market by your geographic location. List out the five characteristics (you can use the ones below) and explain how your market is categorized in a sentence or less for each characteristic. Number of firms: Firms price takers or setters: (leave blank) Firms sell what type of good: Firms/consumers have full information?: Barriers to entry: Cite all sources used (posts must have citation to earn points)
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