Profit Maximization (Excel)

Order Description

Calculate Marginal Revenue and Marginal Cost and determine the profit maximizing output for a firm under the two scenarios.

Examine the two charts that will appear on the Excel spreadsheet after you input the data.

Write a 1-page business brief addressing the following: describing the differences between the scenarios. Include answers for the following questions:

Describe the differences between the scenarios.

Explain the source of the difference between the two scenarios.

Comment on the impact on the market and economic agents when the competition is changed from perfect to less-than-perfect competition.