Paper Problem
• Choose a business which you are familiar (e.g., where you work or shop).
• Apply the key terms learned throughout this course to this business (monopoly, oligopoly, pricing practices, elasticity, demand and supply, and production).
o What are the pros and cons of these concepts in relation to the business?
o What are the biblical principles that apply to this business? How do these support the economics of the business?
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.