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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?
a copy company wants to expand production. it currently has 20 workers who share eight copiers. two months ago the firm
q.consider two firms each of which is issued three marketable pollution permits. for firm h the marginal cost of
Imagine that you borrow $5,000 for one year and at the end of the year you repay the $5,000 plus $600 of interest. If the inflation rate was 4%, illustrate what was the real interest rate you paid.
An industry consists of three firms with sales of $310,000, $725,000, and $405,000. Calculate the Herfindahl-Hirschman index (HHI). Calculate the four-firm concentration ratio (C4).
The multiplier effect comes together with crowding effect. A recession results in decrease of welfare program. A recession results in decrease of tax revenue. The unemployment and inflation are in inverse relation. The unemployment and inflation rela..
Barney's Liquids and Aunt Bee's Lemonade plan to expand their international partnership for the marketing and distribution of ready-to-drink tea products by adding 12 countries to their current markets. If the agreement is reached, operations are exp..
Which of the following statements describes how the emergence of social media has transformed the way we do business?
When the Federal Reserve utilizes open-marketplace operations to raise the Federal funds rate several times over a yr.
Suppose that a company has a fixed proportions production function that requires it to use two machines and one worker to produce 1000 units per hour. Explain why the cost per hour of producing 1000 units is 2v+w (where v is the hourly rent for the m..
Discuss the difference between absolute purchasing power parity and relative purchasing power parity.
Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than that of Neanderthals
As a patient, write your recommendations to accept or decline at least three types of managed care plans. Which types are appropriate for which patients?
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