Examine a favorite business (choose a large one like Apple, Coca Cola, Netflix, etc.).
Describe the firm’s technology, costs, whether the firm is competitive, oligopolistic, or monopolistic. Also explain how those factors influence the firm’s price and output. Discuss in terms of supply and demand, elasticity, efficiency, price discrimination, strategic interaction, or other economic concepts.
Furthermore, determine whether the business should produce more of their good or service or if it should focus on cutting costs and if it should consolidate its locations or spread out.
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