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The Hard Decision to Sell a Bar After Investing in It
A local restaurant owner who was running a profitable business more many years recently purchased a 3-way liquor license. This gives him the right to sell beer, wine and spirits. The cost was about $75000, since only 30 such licenses are issued by the state. The license is transferable, but only $65000 is refundable if the owner chooses not to use it. After using it for about one year, the restaurant owner realized he was losing dinner customers and his profit profitable restaurant was turning into a noisy unprofitable bar. Subsequently, he spent about $6000 on advertising, offering to sell the license for $70000. Finally he received an offer for $66000. What is your opinion of the owner's decisions? Would you recommend he accept the $66000 offer?
Assume that you're a member of the Board of Governors of Federal Reserve System. The economy is experiencing a sharp decline into a recessionary phase of the business cycle.
The presentation should introduce and analyze an interesting environmental regulation proposal, a firm's unique environmental strategy
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Antitrust authorities at the Federal Trade Commission are reviewing you company' recent merger with a rival firm. The FTC is concerned that the merger of two rival firms in the same market will increase market power.
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