Discuss the firm’s profitability with an explanation of the difference between accounting profit and economic profit.

Select a Fortune 500 company (use this list for help identifying companies: conveniently provides links to the annual reports for these companies). In a paper, (you might find this link (Links to an external site.) helpful for reading an annual report):

Identify background information on the company, including the company name, ticker (stock) symbol, GICS Sector, and GICS Sub Industry.
Summarize the products the company produces and sells and who their target customers are.
Describe factors that could shift the demand curve for the company’s product(s) (see the risk factors discussed in the K-10).
Describe factors that could shift the supply curve for the company’s product(s) (see the risk factors discussed in the K-10).
Describe whether the company’s product(s) would be expected to have an elastic demand or inelastic demand.
Discuss the firm’s profitability with an explanation of the difference between accounting profit and economic profit.
Examine the costs the company incurs and discuss whether the majority of costs are fixed or variable in nature.
Describe the market structure that best describes the market the firm is in (see modules 5 and 6).
Analyze how the market structure affects the profitability and pricing power of the firm.
Adhere to the following standards:

Your paper should be 8-10 pages in length, not including the title or reference pages.
Your paper should include at least 5 scholarly (library, not Google) sources (use the Economics Library Guide (Links to an external site.) to start your research).
Sources such as The Balance, EconomicsHelp.org, Investopedia, and similar websites are not acceptable.
Review the grading rubric, which can be accessed from the Module 8 folder.
Be sure to follow the CSU Global Writing Center (Links to an external site.) for your citations.

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