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The four divisions operate within each of the four market structures. The divisions are Consumer Goods, Coal, Chemical and Forest Products.
The Advantages and Limitation of supply and demand
The first scenario, the author has to decide whether to continue operations or shut down operations. The author has decided to continue operations in the perfect competition market. In the scenario the market demand curve is downward sloping, each seller perceives the individual demand curve facing him or her to be perfectly elastic at a given price. Given this scenario this demand curve and the cost structures, sellers try to produce and output at maximized profit...
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