Question: Using industries / goods you are interested in , describe and set a firm s multi - period optimization problem for a firm that has
Using industriesgoods you are interested in describe and set a firms multiperiod optimization problem for a firm that has some market power.
Provide a narrativebackstory on the decision they are faced with and justify why a multiperiod model needs to be used and why the firm has market power.
Identify the objective and the constraints that must be considered in making the decision remember that in order to justify a multiperiod model, the decisions in each period need to be connected in some way
With words, describe the optimal condition that will identify the optimal decision. You should explain the optimization problem with both words and equations and justify the method you chose to use
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