Apply microeconomic knowledge

  Apply microeconomic knowledge to analyze the success or failure of your firm's behavior in its market structure using a decision you made. ( The decision should be an actual decision being considered or has already been made by the firm). You can write this in the first person as the CEO of the company or, if you prefer, write it a business analysis evaluating the firm. Directions: The paper has four sections as indicated below and each section should connect to the next in logical fashion. Your analysis should be written in the first person as you are the decision maker of the firm. Make your points - do your research, give your opinion and use quotes and statistics to prove your statements and point of view. Create an economic perspective by writ using microeconomic terms and identify the terms with underlined, bold font. Follow the outline below to create the analysis. Section 1: Identification of Market Structure and Competition Calculate HHI to Determine Market Structure; Include Graph of Market Share Indicate how the firm exhibits two of the characteristics of the market structure - be specific What is the firm's greatest challenge and/or who is their biggest competitor Section 2: Decision Making in the Market Structure Identify a decision made by the firm or one that the firm is currently contemplating. Explain if the decision benefited (or did not benefit) the firm either in terms of profitability or increasing market share ( or did not profit and increase market share) What did you learn from the effectiveness or lack thereof from this decision?