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Yo, skibidi, listen up! This assignment is lowkey a goon fest about economic issues and global biz. You got two parts to tackle, so do not sleep on it. First, find that equilibrium price and quantity, then flex those elasticity skills. Comment on those values like a sigma boss. Next, dive into why firms in perfect competition are price takers and the monopoly dilemmas. Price elasticity? You better know how to measure that and set the right sale price. Price discrimination in the airline industry is dank, so break that down. Finally, hit up comparative advantage and trade barriers, and show off those business cycle diagrams. Good luck!