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Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm.
Describe the business and its likely main competitors.
How would you structure your advertising and customer service to differentiate your product/service?
How easy would it be for new competitors to enter your market and erode your customer base or selling price?
What would be your prognosis for the long term profitability of such a business?
What could you do to protect that long term profit stream?
q1. if the equilibrium level of aggregate expenditure is 80 billion as well as there is a reduction in consumption of 2
Assuming transaction costs are small, the Coase theorem would predict that private parties could arrive at an efficient solution for which of the following problems?
The long-run market supply curve in a competitive market will
If a monopolist must lower the price on all units in order to sell an additional unit, For a perfectly competitive firm,
At what stage of the consumer decision process can a marketer focus on creating primary demand for a new product?
Which of these can be a people turnoff for customers?
The environment and healthcare are very important aspects of our lives, as discussed in your textbook. However, it is still unclear whether corporations should focus on these as rights or as privileges.
why Marx calls it an ‘absurd tautology' that value of labour is determined by that labour. How can a tautology be absurd.
You are a management consultant of a major MNC that is replacing the leadership team in its strategic business unit in Australia. This strategic business unit has a staff of 30,000 and is manufacturing small electronic equipment for export. What type..
There are many brands of laundry detergent, all equally effective. Would you expect the elasticity of demand for any particular brand to be high or low? Explain.
Analysis of Pricing: You manage MBA Deli which sells meals at a price of $6 each. The average number of meals sold per month is 7,000. MBA Deli would like to increase its sales and profits. What is the Price Elasticity of Demand? What does this mean ..
Based on the collected data analyze the current macroeconomic situation and its impact on walmart and starbucks. Explore in particular illustrate how the two companies' respond to the macroeconomic conditions in terms of their:
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