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Each of the following parts describes a firm that was an early mover in its market. In light of the information provided, indicate whether the firm's position as an early mover is likely to be the basis of a sustainable competitive advantage.
a) A bank has issued the largest number of automated teller machine cards in a large urban area. Banks view their ability to offer ATM cards as an important part of their battle for depositors, and a customer's ATM card for one bank does not work on the ATM systems of competing banks.
b) A firm has a 60 percent share of T3MP, a commodity chemical used to make industrial solvents. Minimum efficient scale is thought to be 50 percent of current market demand. Recently, a change in environmental regulation has dramatically raised the price of a substitute chemical that indirectly competes with T3MP. This change undermines the market for the substitute, which is about twice the size of the market for T3MP.
Illustrate what Monetary strategy Tools should the Federal Reserve use to fight a recession. Describe them thoroughly.
a researcher reported that he had found the demand curve for kerosene to be upward sloping.-as the price of kerosene rose the quantity demanded of kerosene increased. Illustrate what questions might you have for this researcher.
Illustrate diagrammatically the set of allocations that are Pareto preferred to the initial allocation.
Explain how did the marketer of which product you purchased direct each of those four elements of the marketing mix to influence your purchase?
If congress decides to reduce the tax paid per pack paid by sellers of cigarettes other things being equal the cost of cigarettes will fall.
What is each fisherman's profit-maximizing output now. Find the market price and the total output.
Elucidate an example of a microeconomic and macroeconomic phenomenon. Would you give an example of a microeconomic decision you have made at home or work.
If the prices of gold and other commodities increases how will this influence the value of the rand. Explain how will a depreation of the rand influence our exports and imports.
You have been asked to produce a forecast for your company's new product (bottled water). List and briefly describ four factors you would consider before giving the forecast.
Assume the current rent is also equal Illustrate one would commonly expect for the future.
Conclude a price range where there might be a mutually beneficial insurance contract.
Nancy's price-offer path is horizontal. Explain how does Nancy's expenditure on good 1 respond to changes in p1.
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