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Your first task is to determine whether your firm is in a competitive industry. Based on the following demand function for the firm's product, what
Your first task is to determine whether your firm is in a competitive industry.
Based on the following demand function for the firm's product, what would you answer?
Q = 50,000 â 25*P
Q is the amount produced and P is the price.
Before starting your calculations, review materials on industry structure demands and prices and .
Submit your Competitive Industry Report and Calculations to the dropbox below. Be sure to show your calculations in Excel and provide a narrative analysis in PowerPoint. Your narrative analysis should summarize the results of your analysis and make recommendations for the benefit of company.
