Write an analysis of the current market conditions facing your product, making sure that you address the following topics:Define the type of market in which your selected product will compete, along with an analysis of competitors and customers.Analyze any comparative advantages and international trade opportunities.Explain the factors that will affect demand, supply, and prices of that product.Examine factors that will affect Total Revenue, including but not limited to:Price elasticity of demandFactors that influence productivityVarious measures of costs, including opportunity costsExternalities and government public policy and their effect on marginal revenue and marginal costRecommend how your organization can maximize their profit-making potential and increase their presence within the market served by the product. Explanation of concepts and theories requires examples and evidence. Use a minimum of 3 peer-reviewed sources from the University Library. Use your textbook and other sourcesbut realize these other sources dont count toward the minimum 3 peer-reviewed sources. Avoid online encyclopedia, online dictionaries, or specialized websites as primary sources. Format your paper consistent with APA guidelines.
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