In 5-7 pages describe and analyze how economic concepts from class shape the decisions of the firm you chose in your proposal. Your paper should primarily focus on how the firm is situated in relation to class concepts as well as discussing how those economic ideas either enable or limit the decisions that your firm makes.
I wanna mainly talk about the demand and elasticity. The economics concepts we learned are demand and supply, elasticity, perfect competition, monopoly, regulation.
The proposal is in the file.
The comment of the proposal:This is a good start. I’d think about how demand for spotify relates to both their competitors and the products that they replaced (like itunes or cds). You might also consider elasticity and brand loyalty, because spotify seems to have a lot despite selling a product identical to their competitors.