Final answer:In a complete market-product grid, each cell represents theestimated market sizefor a specific product in a particular market. This estimation comes from calculating total revenue based on price and quantity and considering the market competitiveness. Other crucial factors, like marginal revenue, total cost, marginal cost, and average cost, aid in this comprehension.Explanation:Each cell within the complete market-product grid generally illustrates the estimated market size of each specific product within a particular market. The basis of this estimation is a thoroughcalculation of the permutationsof price and quantity at each point on the demand curve indicating the total revenue that a firm could potentially receive.Furthermore, within the context of a market-product grid, the understanding of how competitive the industry is can be illuminated via calculating factors such as thefour-firm concentration ratio, and the Herfindahl-Hirschman Index (HHI). These calculations give us an estimation of the competition based on the market shares of all firms in the market.In conclusion, the estimated market size, alongside other factors such as marginal revenue, total cost, marginal cost, and average cost gives a comprehensiveunderstanding of a firms' potentialwithin a specific market.Learn more about Estimated Market Size here:brainly.com/question/31451455#SPJ11...

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