Project #1 With Feedback 2

Project 1 Prof 2nd Feedback

5/15/19

You have not demonstrated the competencies for project 1. It is important to incorporate a summary of all the analysis performed in steps 2-4 in your executive summary. You have one more opportunity to successfully complete this project.

Here are specific errors that need correction before you resubmit step 5 for grading :

· A summary of steps 2 and 3 are only partially given. What about the market identification, it is not an oligopoly?

Where is the elasticity of demand info?

What is the characterization of elasticity? 

What was the profit maximization point for the data given?

Where does MC=MR?

· How does the industry's market affect pricing?