OBJECTIVE To give you the experience of performing an analysis of a company’s external environment INSTRUCTIONS You will be performing an analysis of McDonald’s, Wendy’s or Burger King. Place the name on the line below. Using online and/or library resources, including Web sites on the fast food industry and your company’s Web site and annual report, fill out the following External Environment Worksheet for that company: External Environment Worksheet - MACROENVIRONMENT Laws and regulations (5 Points) What are some key laws and regulations under which this company and the fast food industry must operate?

answer; possession utility;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.