Discuss the comparative or absolute advantage

Reference no: EM133650115

Topic 1: Elasticity of Demand

Explain the elasticity of demand for the products/services sold by this firm.
Discuss the type and size of elasticity: products sold are elastic, or inelastic.

Topic 2: Cross and Income Elasticity of Demand

Discuss the firm cross elasticity of demand experience by this firm.
Explain the impact of income elasticity of demand on this firm.

Topic 3: Allocative Efficiency & Comparative Advantage

Who are the major competitors? (Search internet: Major Competitor of X)
Discuss the comparative or absolute advantage of the firm over competitors.
Discuss the allocative efficiency and maximize its resources and reduce waste.

Reference no: EM133650115

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