U.S. Retail, Arc Elasticity is correctly used to assess the dollar magnitude of net benefits of a decision to raise price/output combinations by 5% in the short and medium term.
Conditions under which mangers should increase, decrease, hold constant, or increase firm's output or price are clearly distinguished and logical recommendations are made. "r" is used to represent a current rate of interest when analyzing net benefit.
U. S. Retail, Theoretical and empirical concerns regarding the firm's activities are correctly identified, and industry concentration data and other quantitative and qualitative results are correctly used to illustrate those concerns.
Logical recommendations are made for long-term strategies to maximize net benefit of existing lines of production or services.
Concepts including Porter's Five Forces, advertising, game theory, and/or pricing and production strategies are applied correctly where relevant and discussed in detail. U. S. retail, Figures, diagrams, and tables are used where appropriate. Only important and necessary information are included and are presented in an easy to follow and interpret.
Choice of words and sentences demonstrate expertise in the field, using relevant key terms appropriately to convey messages in a natural way, with details and language that connects with the audience. There are no problems with spelling, punctuation, and grammar.