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But now you are studying market opportunities, and understand that the dairy industry has had a positive performance over the past 4 years, and decides to invest in this industry. So what is necessary to start the business includes, but is not limited to, the necessary documentation requested by the Government, the purchase of cows and the land, among other aspects. You begin to operate and the sale price is already established, so you work with the minimization of costs in order to be more effective, which results in an increase in profit through the sale and distribution by volume.
What kind of structure would be your market, perfect or imperfect competition, monopoly, oligopoly? Why did you come to that conclusion? And how manager, what actions would you take?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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