You may need to do research of your own as well as reading the articles and sources provided. Marks are awarded for this. • Address each question directly. You do not need to present answers in essay or report form. • Make sure you explain your diagrams and answer all parts of each question. You do not need to write a huge amount for each question. The word limit is around 800-1500 words • Reference your answers if you are using information from another source using in-text referencing and include a reference list at the end of the assignment. You do not need to reference lectures and tutorials. • 5 marks are awarded for correct use of in text referencing and a reference list at the end of the assignment. Drawing them in programs like “paint” and pasting it into the document o Drawing them by hand and scanning them in and then pasting them as a picture into the word document o DO NOT simply copy pictures of graphs from the internet. You have to draw them yourself. Read the above sources and answer the following questions: 1. In your opinion, based on Sources 1 and 2 what type of market structure is the egg market most similar to? Justify your answer with reference to the above sources and theory. (5 marks) 2. If the egg producers started off marking zero economic profits, what effect would the increase in egg supply in 2010-2012 have on i) the market for eggs and ii) on egg producers? Explain your answer using diagrams. (10 marks) 3. Why do you think it is it that in 2010-2012 egg farmers planned “to kill millions of hens prematurely and bury their eggs as part of an industry-wide strategy to boost their profits”? Justify your answer with reference to theory (4 marks)

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