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1) characterize the long run equilibrium of a perfectly competitive industry in which average costs are U-shaped as output increases, under both restricted and free entry. b)Discuss the senses in which a perfectly-discriminating monopolist is efficient or inefficient
2) consider an oligopoly in which the inverse demand function p(∑xi ) = a-b∑xi,a,b > 0,and each firm's costs c(xi)- cxi, 0 < c < a. first, given n, determine the cournot-nash equilibrium outputs, profits, deviation of price from marginal cost, and deadweight loss. Then prove that all of these approach zero asymptotically as n tends towards infinity. Comment on the significance of these results.
The __________ ____________ ___________ approach to success suggests that measures of effectiveness change as an organization grows. Answer
Why do successful firms conduct marketing research for their products/services?
One of the package of features that make up a service are: Appearance Facilitating goods Packaging Cost Implied use
Some companies choose not to tie resources to their projects. In what ways does this benefit a project? In what ways does this hinder a project?
A quality analyst wants to construct a sample mean chart for controlling a packaging process. He knows from past experience that the process standard deviation is two ounces. Each
1. (a) For the measurement data presented below, draw a frequency histogram using a class width of 0.1 mm; calculate the sample means and superimpose their frequency histogram; com
Factors contributing to competitive rivalry include A) The corporate attitudes toward marketing strategies B) Nature of the product and homogeneity of market C) The suppor
1) What makes a constraint critical or active? Explain. 2) Jim has used the theory of constraints to maximize the production of his active constraints and match the production r
The National Labour Relations Act has been criticized as an outdated piece of legislation that is hindering, rather then helping, American cope with the realities of the new global
briefly explain vendor relations in lean systems- a. Why are they important? b. how are they different from adversarial relations of the past? c. why are suppliers hesitan
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