indicate whether each of the following statements is true of false and explain why.a. A competitive firm that is incurring a loss should immediately cease operations.b. A pure monopoly does not have to worry about suffering losses because it has the power to set its prices at any level it desires.c. In the long run, firms operating in perfect competition and monopolistic competition will tend to earn normal profits.d. Assuming a linear demand curve, a firm that wants to maximize its revenue will charge a lower price than a firm that wants to maximize its profits. e. In an oligopoly, the firms that has the largest market share will also be the price leader.f. The demand curve facing a firm in a monopolistically competitive is more elastic than one facing a pure monopolymust be in APA style include refernces

Prompt: Submit a draft of the supply and demand conditions (Section II) and price elasticity of demand (Section III) of your research paper, including all critical elements listed below. You will analyze data on firm sales and in the market overall to identify trends and inform your recommendation for the firm’s future actions. You will also use available data to determine the price elasticity for the goods or services your firm produces and explain the factors that influence consumers’ reactions and the firm’s pricing decisions. Specifically the following critical elements must be addressed: II. Explore the supply and demand conditions for your firm’s product. a) Evaluate trends in demand over time and explain their impact on the industry and the firm. You should consider including annual sales figures for the product your firm sells. b) Analyze information and data related to the demand and supply for your firm’s product(s) to support your recommendation for the firm’s actions. Remember to include a graphical representation of the data and information used in your analysis. III. Examine the price elasticity of demand for the product(s) your firm sells. a) Analyze the available data and information, such as pricing and the availability of substitutes, and justify how you determine the price elasticity of demand for your firm’s product. b) Explain the factors that affect consumer responsiveness to price changes for this product, using the concept of price elasticity of demand as your guide. c) Assess how the price elasticity of demand impacts the firm’s pricing decisions and revenue growth.The company I am using is NIKE

The assignment should focus on the following points: Select specific and famous company (your option) want to expand in Indonesia . this company must first time want to expand in Indonesia. They should not have any branches or subsidiaries in Indonesia.Read all chapter as attachment which mention all about country risk analysis and explain in critical analysis about that country (Indonesia) (5 pages) this the important part in the assignment.Follow and take idea to make same table for that selected company as table 16.3 page 485 in chapter as attachmentEvaluate the factors related to government and economy that deserve to be considered. Your analysis should discuss the factors that might affect the cost of production, financing costs, demand for products etc. for the selected company.Also discuss the benefits and drawback of having no more than 1 and half page :a weak currency.a strong currency. After discuss point 5 determine the country which selected if it has weak or strong currency and what is your analysis .Organization of assignment : Please no more than 8 pages and not include cover page and references ( introduction, significance of study, country risk analysis(political risk and financial risk, macroassessment and microassessment of country risk (page 481 of chapter), benefits and drawback for both a weak currency and a strong currencyand link with that country , conclusion - There must be proper Harvard referencing and citation, where required. - Times New Roman, 1.5 spacing, Justified - all references should be recently and from good sources asonly can use old reference in background about company or in few area if needed it. - use different references(journals book, articles, ….. not only online )please and not old - we need all original references which use it as attachement .Note: There are four attachments for your instructions:1. Assignment question2. Chapter guideline about country risk analysis.3. Focus points. 4. Sample report only to take idea.