Current Market Conditions Competitive Analysis for Microeconomics Class
Describe them as specifically as possible:
Research an organization and product from which an analysis can be
conducted-
Define the type of markets their selected product will compete in along
with an analysis of competitors and customers.
Analyzed any comparative advantages and international trade
opportunit
Explained the factors that will affect demand, supply and prices of their
product choice.
Examined factors that will affect Total Revenue including, but not limited to,
price elasticity of demand and factors that influence productivity, various measu’es of
costs, including opportunity costs, externalities and government public policy, and
their effect on marginal revenue and marginal cost-
Recommended how their organization can maximize their profit-making
potential and increase their presence within the market served by the product