Analyze the reasons for a recent decision by a business

Reference no: EM133394121

Question: Analyze the reasons for a recent decision by a business. Start by perusing a newspaper or news website for news about a change that a business made (for example, expanding production/opening a new location, cutting back production/closing a location). Choose one of these changes to serve as the basis for this paper.

-Describe the business and the decision.

-Identify whether the market that the business is in is best thought of as perfectly competitive, monopolistically competitive, oligopolistic, or a pure monopoly.

-Explain why the company made the change it did.

-Explain how the change will help to improve the company's profit.

-Use key terms (revenue, profit, cost, price) precisely.

Reference no: EM133394121

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