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It is for a power point Presentation. These questions are about DoTerra Oils and the Essential oil industry. **Please answer all questions asked.

 

 I need help answering these Economics question. It is for a power point Presentation.

These questions are about DoTerra Oils and the Essential oil industry. 

**Please answer all questions asked. 

- What is the market structure for in which this organization competes?

-Indicate why this market structure was decided and how it differentiates from the other alternatives.

- Level of competition in an Oligopoly?

- Level of competition in a Perfect Competition Market. 

- Level of competition in a monopoly structure?

- Level of competition in a monopolistic competition?

- What are 3 competitive strategies that may be used by DoTerra to maximize profits in the long run?

- Evaluate the effectiveness of the above chosen strategies in the market structure that was identified in the beginning of these questions.

            ( Consider expected changes in supply and demand, Price elasticity of demand, Market Structure, and Government Regulations.)

- Make recommendations related to the strategies the organization might consider to maximize its profits and consider the following:

             ( What are the ethical implications of this strategy? Does this strategy align with the organizations current values? and does this strategy align with your                        own values?) 

***Please cite a minimum of 3 peer reviewed sources. 


I do not care about how many words are in the answer. I am just needing the answers, in general, and the 3 peer reviewed sources.  


Thank you for your help :)

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Assignment dollarre.docx

Assignment
1. DoTerra Oils and the Essential oil operates as a monopoly structure where it is the sole
producer and seller of oil products in the Utah market.
2. Competition in oligopoly is medium...

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