S​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​elect 1 of the economic concentrations (clusters) below: • Seattle-Tacoma-Olympia, WA aerospace / defense industry • Central California winemaking industry • Hollywood movie industry • Silicon Valley Technology hub • Texas / Louisiana Gulf Coast crude oil and natural gas production and refining • Pre-1994 vs Post-1994 US auto and light truck production and the reasons for the change in economic concentration 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 you selected has evolved. Complete the following in your paper: • Analyze how th​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​e 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.

Sample Solution