Provide your working definition of the Marketplace. $($It may vary from the example given in the video.$)$ Remember to justify your response.

The Marketplace

After watching the video: $$I$,$ Pencil: The Movie$$ state at least two key concepts that explain how the marketplace works and why it works the way it does?

Producing Pencils

How easy$/$difficult do you think it would be to start up and run a company that produces pencils? Explain your answer.

Marketplace Question

What question do you have about the marketplace that the video did not answer? Please list at least one.