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Minimum of 500 words for each question Discuss two types of elasticity, and their applications to business decisions.Review the following article and similar articles, https://www.usatoday.com/story/money/cars/2018/12/26/2019-cars-ford-gm-chevrolet-nissan-volkswagen-toyota/2376154002/,Review the following article and similar articles, http://www.marketing.au.edu/index.php/our-department/kms/247-role-of-elasticity-in-pricing-decisions. and discuss how firms make production decisions, and relationship of production and inputs. https://www.bcg.com/en-us/publications/2017/cutting-costs-building-resilience-upstream-oil-gas.aspx, and discuss the rationale and strategies for cost minimization in an industry of your choice. And, comment on the postings of your classmates.
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