Using the link provided on Week Four of the resource page, access and complete the simulation, Economics for Managerial Decision Making: Market Structures.
Resources: Economics for Managerial Decision Making: Market Structures simulation
• Write a 700- to 1,050- word paper where you explain the following in the context of the simulation:
- Create a solution using strategic variables available to you to sustain the economic profits the firm can earn.
- What are some of the pricing strategies that you would recommend?
- What are some of the non-pricing strategies that you would recommend?
- What kind of innovations would you propose to sustain the organization’s uniqueness?
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