Your company would like a presentation of your findings on maximizing profit, pricing decisions, and strategic cooperation at the quarterly board of directors meeting.
Help with this Unit 2 project is in Chapters 12 and 13 of Managerial Economics: Foundations of Business Analysis and Strategy.
In your presentation, you will outline how managers can determine the conditions for the optimal output level. Address the following in your presentation:
Two slides: Identify and describe a competitor to the company you chose in Unit 1 (Keep in mind that the decision-making process for a monopoly applies to any firm with market power).
One slide: Explain competitive advantage.
Three slides: Compare their strategies to determine their best plan of action, including deciding upon the optimal price and output of their product or service, product differentiation, or some other strategic variable.
Three slides: Show how firms should allocate production among multiple production facilities.
Two slides: Analyze how firms in oligopolies position themselves to be successful.
Four slides: Show how firms in oligopolies can cooperate to make themselves better off than they would be in a non-cooperative Nash equilibrium.
