Question
Current microeconomics analysis: Critically analyse the current microeconomics conditions facing the three brands, A2, Dairy Farm, and Devondale, within the allocated 'Product category' in the
Current microeconomics analysis: Critically analyse the current microeconomics conditions facing the three brands, A2, Dairy Farm, and Devondale, within the allocated 'Product category' in the Australian marketplace. Hints: Apply theoretical/conceptual understanding from chapters 6 & 8. Critically evaluate each brand's current patterns of demand (e.g. expressed in Sales, Revenue, Turnover, ...etc.) and supply (e.g. expressed in Output, Production, ...etc.) and if such data is not available, then replace with Product Category or Industry specific data. Explain the factors causing shifts to left and right of demand, apply same explanations to supply, analyse price elasticity of demand for each brand, evaluate the various aspects of the current market structure of the 'Product category' and its consequence on the three brands, ...etc.
If you use any reference, please provide it.
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