Description
My paper is on Epilepsy.
The first 6 (six) questions below are mandatory to address in your paper, and then choose a few (2 or 3) out of the questions 7 through 14.
- Where do consumers get information about the price and characteristics of the product/service? How much uncertainty is associated with the information about price and associated quality of the good/service?
- Who specifically is on the demand side of your market and what are their characteristics?
- What type of price elasticity and income elasticity does your product or service have? (inelastic/elastic and necessity/luxury/inferior)
- What other goods/services if any influence demand in your market? Identify main substitutes and main complements
- Who are the suppliers in your market, what are their characteristics? (large/small, local/regional/nation/international, profit/not-for-profit/government)
- What is the extent and nature of the competition in your market? (intense competition with multiple competitors or does it have some monopoly-like qualities?)
- Are there essential inputs in the production/delivery or your product/service? Are these essential inputs easily available? If not, why?
- Any Regulation and Taxation that affect your market?
- Are there any Government – sponsored Programs in your market?
- What is the impact of government activity in your market in terms of efficiency?
- Does the government improve efficiency by helping with a market failure (information asymmetry, monopoly) or reduce efficiency (but help with equity, tax revenue etc.)?
- What demographic changes do you predict in the demand relevant to your industry?
- What general technology change do you predict may impact your industry?
- What other significant changes do you predict might happen in the future decade -in the political and economic environment relevant to your industry – with regard to (a) demand and pricing; (b) supply and market structure?