In the workplace, we are often asked to create “briefs.” A brief provides a snapshot, or short, written summary, of a situation or event that has occurred. It is generally just a few pages long and may include additional visuals like a graph, chart, or table. In this assignment, write a brief about economic concepts in an industry that interests you.

• Develop an economic brief in which you:

NAICS (North American Industry Classification System)

Select an industry (Accommodation and Food Service industry, Bed and Breakfast) and describe the goods and/or services this industry produces. Use the NAICS resource above to help you select an industry (and/or subsector) for your brief.

Identify this industry’s market structure and at least two or more market characteristics that support this market structure. (Market structures are covered in Weeks 3 and 4.)

Describe any notable microeconomic relationships, market outcomes, and/or trends in this industry. Include a graph, chart, or table containing related data. (Microeconomic relationships and market outcomes.

How might government impact this industry’s market prices, output, and/or market structure?

2-3 pages in length, double-spaced, 12 point font.

***(THE INDUSTRY TO WRITE ABOUT: Accommodation and Food Service industry, focusing on Bed and Breakfast Inns. These establishments provide short-term lodging in private homes or small buildings converted for this purpose. Bed-and-breakfast inns are characterized by a highly personalized service and inclusion of a full breakfast in the room rate).***

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