Please submit a short essay with a simplified analysis of any issue you find interesting and relevant to the material we covered in the course.
Please submit a short essay with a simplified analysis of any issue you find interesting and relevant to the material we covered in the course. Some ideas are issues related to supply-and-demand, production costs, or a firm's behavior towards monopolistic markets. Note that it is unlikely that you can easily find an issue that touches upon all the material in the course - please focus on one or two topics for your write-up, and provide an analysis and assessment of the situation for those topics.
As many stories and articles do not carry much data attached, you may need to find data sources to support your analysis. If those are not easily available, you may make assumptions as long as those are grounded on solid facts. For example, you may not be able to determine the exact revenue a certain firm derives from selling one of its products, but you may have aggregated numbers about the two or three products the same firm sells -- in that case, you could make an assumption on how much of the revenue comes from each product.
Please limit your write-up to two pages and focus only on the key ideas for the topic you decide on. You can include an appendix with any graphs or plots relevant to your analysis.
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Title The Impact of Production Costs on Firm Behavior in Monopolistic Markets Introduction In this essay we will analyze how production costs influence firm behavior in monopolistic markets Monopolist...See step-by-step solutions with expert insights and AI powered tools for academic success
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