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(In this course we have tried to look at Economics from a Managerial lens. Managers need Economics knowledge to understand the market they deal with, consumer behaviour, rival’s strategic behaviour, the cost structure, the opportunity costs of the resources utilized in production, their market power and ways to maintain it) which cover the below question.In what follows, please provide your fair assessment of the below points (800 words or about two pages). please address ALL the following (Two points each): 1- In your opinion, what are the major takeaways from class (as applied to the complex business environment of today)? 2- From your own practice (experience), identify one real situation /problem in which you believe the knowledge learned in class can help (or will help) analyze and address better. Please Explain how. 3- Briefly, assess how well the information and knowledge learned in class were well-integrated with the other knowledge from your program (i.e., indicate how far the topics and cases of managerial economics complement knowledge from other subjects in your program). Please give a clear example.4- If you were to choose to add one more topic (other than those already covered in class), what would that be and why)?5- If you were to eliminate one topic from the class plan, what would that be? Please clearly indicate why?