Task Description: 1. Choose an Industry: Select a specific industry (e.g., automotive, healthcare, technology) for your analysis. 2. Market Structure: Define the market structure of the chosen industry (perfect competition, monopoly, oligopoly, monopolistic competition). Analyse how the market structure affects supply and demand dynamics. 3. Elasticity and Pricing: Investigate the price elasticity of demand for the industry's primary product or service. Discuss how changes in price might impact consumer behaviour and total revenue. 4. Short-run and Long-run Analysis: Examine short-run and long-run production costs and pricing strategies within the industry. Discuss potential barriers to entry and exit. 5. Taxation and Subsidies: Assess the impact of existing taxes or subsidies on the industry. Propose potential changes in taxation or subsidies and justify your recommendations. Presentation Format: Utilize visual aids, charts, and graphs to improve your presentation. Engage the audience with real-world examples and data where possible