Question is in picture please explain each and every aspect of this question https://www.rstudio.com/products/rstudio/download/. http://gretl.sourceforge.netR: Download R-studio at https://www.rstudio.com/products/rstudio/download/ Gretl is available at http://gretl.sourceforge.net , GNU GPL licence, crossplatform. Builtin sample data in Gretl includes an extensive set of macroeconomic indices for different countries and industries. Using these app explain these question with proper data

PATH 1: Data Analysis Collect data on a specific industry or firm. Discuss the industry in terms of course concepts (supply and demand equilibrium, elasticity, best responses, rational decision making, market dynamics, pricing strategies, externalities, market dynamics and competition law, etc.) The key is to focus on what is most salient for the industry or firm, and frame the scope appropriately