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Rather than producing a standard product or service for the marketplace,Protegé Engineering completes special projects for clients.These projects require between six months and two years to complete and demand highly specialized knowledge in engineering,production management and computer science.Most of the 600 employees working for Protegé Engineering have university degrees in these fields; a few have doctorates.Identify the best organizational structure for Protege Engineering and justify your recommendation.
Equilibrium Price
The market price at which the quantity of goods supplied equals the quantity of goods demanded.
Elastic the Supply Curve
Describes a situation where the supply of a good or service changes significantly in response to changes in price.
Normal Good
A good for which demand increases as the income of consumers increase, holding other factors constant.
Inferior Good
A type of good for which demand decreases as the income of individuals increases, inverse to typical goods.
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