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Unformatted text preview: Available complements for the product f. Is demand for the product elastic or inelastic in the short run? In the long run? g. Is the firm's production capital-intensive or labor-intensive? How important is technology in the producing the product? Why? 3. In which of the four market structures does each firm operate? Describe the attributes of the firm's market that show why that is the relevant market structure. 4. What do you think are the long term prospects for the product? Why?...
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This note was uploaded on 09/09/2010 for the course ACCOUNTING 2345 taught by Professor Dr.ijueh during the Spring '10 term at twsu.edu.
- Spring '10