ECO 561 Week 4 Individual Assignment: Simulation Analysis
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 organizations uniqueness?