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Demand Analysis and Optimal Pricing
Managerial Economics:
1. Why is knowing (or estimating) the product demand so crucial for a firm?
2. In your response, include an example of a business that has suffered from poorly estimating the demand of its products.
3. Evaluate how or why the business made such a mistake?
Minimum of 300 words, add citations and references.
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Although there are many different examples of economies in the world, all of them demonstrate one or more of the four basic types of market structure. For this assignment, in your own words,
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