Choose and reserach a specific company that is traded publicly where there has been a pattern of change in a particular market model. (You can use APPLE since it is an OLIGOPOLY in the smartphone software industry).
1. Describe the business and explan the general pattern of change of the particular market model indicating how this change is likely to impact business operations.
2. Hypothesize the basic short-run and long-run behaviors of the model in the business you have chosen in a "market economy:. Provide suport for your assumptions and conclusions.
3. Explain the major factors that affect the degree of competitiveness in this business. Use the data to to develop at lease three (3) measures such as productivity measures to show how the industry is evolving. Provide evidence supporting your rationale and any calcuations you used to acheive your responses.
4. Research two (2) of the business's closest competitors to determine the pricing strategy for each business indicating how knowledge of this information may influence pricing decisions in your business. Provide support for your rationale.
Recommend a pricing policy for this business. Assess how your pricing policy maximizes profits for the business. Provide support for your rationale.