Purpose of the assessment: The purpose of this assignment is to assess the following Learning Outcomes: a. Identify and explain the key ideas that define economic way of thinking and the maximisation of scarce resources. b. Analyse how prices are determined in a market. c. Compare and contrast the key characteristics of various market structures and market strategies adopted by firms in different market environments. Word limit is 1000-1200 Introduction: This sections should state the problem being studied as depicted in the article; The purpose and scope of the report; and The sources of information used. Theoretical background: Provide relevant economic theories/concepts and models/graphs with relevant assumptions used to analyse the selected article. Economic Analysis: This section of the report should discuss the information available on the selected article and analyse the outcomes of those information using the theories discussed in the previous section (theoretical background). To successfully complete the analysis section, first identify the market and all the factors available in the article. Then, use one factor at a time and evaluate its outcome on the market assuming market is initially at its equilibrium. Once you analyse the effect of all the factors separately, evaluate the combined effect. 20 marks Conclusion and recommendations : The conclusion you make should be a consequence of the data/facts that you have analysed in the previous section. No new data/facts should be introduced in this section. You should explain why you have made the recommendations..It's a case study so we are required to do all assignment from the given article: and one more thing we need to draw graph as well and describe it..thank you