The inverse market demand curve for American alligators is P = 4,000 - 2Q, where Q is the quantity of alligators and P is the market price. American alligators can be produced at a constant marginal cost of $1,000, and all American alligators are identical. 
Definitions:
Functional Organization
A type of organizational structure where the company is divided into departments based on functions such as marketing, finance, and operations.
Narrow Product Line
A business strategy focusing on a limited selection of products or services to specialize and cater to a specific segment of the market.
Low-cost Strategy
A business approach aimed at gaining competitive advantage by offering products or services at lower prices than competitors.
Self-contained Units
Independent or autonomous components that function or operate separately within a larger system or structure.
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