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(a) Provide examples of three types of product differentiation that could help make a firm in a particular industry more competitive. (b) Provide an example of an industry where product development and product differentiation is an important type of competition among firms. (c) Provide an example of an industry where product differentiation is not an important type of competition among firms.
Suppose that your firm is the only producer of a high-tech sports utility vehicle for North American markets. Assume a constant marginal cost of $25,000 to produce each vehicle and no fixed costs of production.
All other things being equal, by how much will nominal GDP expand if the central bank increases the money supply by $100 billion, and the velocity of money is 3? Suppose now that economists expect the velocity of money to increase by 50% as a result ..
Select from the module’s key topics the top three social media mistakes or realities that got Comcast into this trouble. Be sure to justify your choices.
Illustrate what are the benefits also costs to the US economy of labor migration (illegal also legal) into the United States from Mexico.
Consider Bertrand competition with homogeneous products. Two firms, 1 and 2, produce an identical product and compete by choosing price. Consumers buy from the firm with the lower price. If the prices are identical, however, assume all consumers buy ..
How do you evaluate Jobeks situation from the resource based view and institution based view? Why have resources and institutions hindered Barney to cope with the foreign exchange situation, but simultaneously helped him to turn this company around? ..
Explain what would happen to equilibrium price and quantity in the market for Pepsi if the following occurred (be sure to indicate WHY it happens as well)
What global social interests or responsibilities, if any, do we have as consumers to the losers of globalization? Discuss and justify your postings and responses with other students in our course.
Illustrate what is your opinion of the restaurateur's decisions. Would you recommend that she accept the $66,000 offer.
Suppose it is decided that rent control in New York City will be abolished and that market rents will now prevail. Assume that all rental units are identical and so are offered at the same rent. Use a diagram to show the effect on the rental market ..
In a simple economy (assume there are no taxes, thus Y is disposable income), the consumption function is C=750+0.6Y. Thus, automous consumption is _____ and the marginal propensity to consume is ______. A consumer chose income increases by 100$ will..
Which of the following is NOT an example of a demand shift? a. A promotion at works leads to increased spending on vacation travel. b. A shoe store sale leads to higher demand for its shoes. c. A safety recall of the Honda Prius leads to lower deman..
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