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Largo Global Inc. is a fictious firm that is will be used to allow you to understand the market forces of supply and demand as
Largo Global Inc. is a fictious firm that is will be used to allow you to understand the market forces of supply and demand as they impact a company as well as the industry in which the company operates. The company produces two types of boxes, a Standard box and a Deluxe box. These boxes are also produced by many other companies. In Project 2, you will learn about how to apply the tenets of microeconomics to improve the company's profitability. In tab 1 after reading the instructions, you will chart the supply and demand curves for the two different boxes. In tab 2 you will focus on the price elasticity of demand for these two products. In tab 3 you will determine at what price the company can maximize the profitability of both boxes. Project 2 is the team assignment in MBA 620. Follow these steps to complete the project: 1. In step 3 the team will complete their Team Agreement and Work Plan and submit it to their faculty member by the due date noted by their faculty member. 1. In step 4, the team will complete this Excel file by answering the questions for all three tabs
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