Answer the Question as described. It is due in 8 hours.
- Identify market structure
- Identify elasticity of the product
- Include rationale for the following questions:
- How will pricing relate to elasticity of your product?
- How will changes in the quantity supplied as a result of your pricing decisions affect marginal cost and marginal revenue?
- Besides your pricing decisions, what are your suggested nonpricing strategies? What nonpricing strategies will you use to increase barriers to entry?
- How could changes in your business operations alter the mix of fixed and variable costs in line with your strategy?
- 6 PAGES ONLY + A COVER PAGE + A REFERENCES PAGE
- Your proposal is consistent with APA guidelines
McConnell, Campbell, Stanley Brue, and Sean Flynn. Economics, 18th Edition. McGraw-Hill Learning Solutions, 2009.
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