Economics Discussion

Anonymous
timer Asked: Apr 2nd, 2014

Question Description

Week 3 Question 1.docx

This is due Wednesday.

This is due Wednesday. I need 100-125 word responses for each question. References if possible. Question 1 Name and describe the differences in the four market structures. Why is this important for business managers? Question 2 Identify an organization not previously selected and recommend methods to reduce costs. What effects do technologies have on costs? What are some lower-cost sources the organization can utilize to reduce costs? What considerations might cause a profit-maximizing firm to decide to forgo using lower-cost sources?

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