Macro & Micro economics

Project description
The focus for this Module centers around the microeconomic factors of demand, supply, and perfect competition. Your DB should initiate a discussion around how demand and supply for a firm’s products/services are created in the marketplace. Specifically, how is market demand determined? Does this change if the market structure is perfectly competitive? Why or why not?

Finally,share a real life example of the topics covered in the respective DB focus. An example here might be to discuss why a company like Apple can price prodcuts higher than their competitors, while competitors such as Lowes and Home Depot don’t have quite the same ability to sell their goods for such higher prices compared to each other. Another example would be to compare these examples to the market for generic pain reducers such as ibuprofen. Do you buy generic pain relievers, or buy the brand name? How do the generics change the profit picture for brand goods?

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