Economic Concentration Evaluation
Write a 700- to 1,050-word paper evaluating economists assessments of the role the 4 factors of production played in determining how the economic concentration of the Texas / Louisiana Gulf Coast crude oil and natural gas production and refining has evolved. Complete the following in your paper:· Analyze how the economic concentration in the area you chose was influenced by competition and pricing · Analyze how the economic concentration in the area you chose influenced the supply chain.· Analyze which of the 4 factors of production were the most and least important in determining the economic concentration of the area you chose.· Predict changes you anticipate for the area of economic concentration you chose. Support your predictions.Consider the resources provided and other academically appropriate sources. Please charts and tables to illustrate data.Cite at least 2 academically credible sources.