Responses must be formatted as follows:

You must use a standard 12-point font.

You must use margins no narrower than 1 inch on all sides.

Your response must be double-spaced.

Each response must not exceed one page in length. This holds even for questions with multiple parts.

While you should draw from the readings (especially where questions direct you to!), minimize the use of direct quotes from the readings.

Question: Economic theory predicts that the price of a fast food hamburger (whose principal ingredient is beef) will be high since demand is high. Explain the key characteristics of the organizational field of the beef industry that combine to keep beef prices, and hence hamburger prices, relatively low.

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