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ECO 550 Week 8 Assignment 3- Managerial Economics




Question;Describe the;business and explain the general pattern of change of the particular market;model indicating how this change is likely to impact business operations.Hypothesize the basic short-run and long-run;behaviors of the model in the business you have chosen in a ?market economy.?;Provide support for your assumptions and conclusions.Explain the major factors that affect the degree of competitiveness in;your business. Use the data to develop at least three (3) measures (e.g.;productivity measures) to show how the industry is evolving. Provide evidence;supporting your rationale.Research two (2) of the business?s closest competitors to determine the;pricing strategy for each business indicating how knowledge of this information;may influence pricing decisions in your business. Provide support for your;rationale.


Paper#57283 | Written in 18-Jul-2015

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