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1. Describe the Schumpeterian notion of "creative destruction". How does it compare to Kirzner's view of the entrepreneurial process?
2. Nonprofit organizations engage in advertising even though they generally do not, strictly speaking, sell goods or services.
3. An article from The Economist "entitled "Do entrepreneurs really need a business-school education?" states the following:
"Among the thousands of business schools now operating around the world you would be hard-pressed to find one that doesn't believe it can teach the skills of entrepreneurship. However, of the people who immediately spring to mind when one thinks of entrepreneurs-Bill Gates, Richard Branson or Oprah Winfrey, for example-few have done more than deliver a speech at a business school. Indeed, a recent study by King's College in London has suggested what many intuitively suspect: that entrepreneurship may actually be in the blood-more to do with genes than classroom experience. All of which invites the question-does an entrepreneur really need a business-school education?"
can you comment on this view?
4. Describe monopoly theory in the Kirznerian view of entrepreneurial competition. How does this approach compare to the traditional understanding of monopoly? What implications the Kirznerian view of monopoly may have for policymaking?
Assume to the firms act independently as in the Cournot model. Determine the long run equilibrium output also selling price for each firm.
Microsoft appears to have a monopoly with over 90 %of the personal computer operating market. Why then would it not be charging a monopoly price
Discuss what will happen in this market as it moves to a new equilibrium. If a hard breeze eliminates Brazil's premium coffee corp, what will happen to the price of premium coffee.
Given this structure, why is it that there is little price competition between carriers on the same route Why is there not more price competition If they do not choose to compete on price in most cases, how do they compete with one another What..
The cost of the grapes may be as much as 60% of total production costs but varies greatly from lower-quality inexpensive wines to the highest quality wines.
A residential rental property is acquired during the first month of the taxable year, at a total cost (including transaction costs) of $1,200,000.
why is it difficult for the government to control and regulate monopolistic enterprises? Give a minimum of two real-world examples from recent history
What performance % would you use to trigger executive bonuses for that year.
Assuming that all buyers received the credit, estimate the own cost elasticity of demand as well as well as own cost elasticity of supply.
The regression results are presented on the next page. Based on this information, which proposal would you favor.
As control variables, Quinn's data also includes income the individual earned in the month the data was collected, and the amount that it rained in the month the data was collected.
Market that gives auctions, request for quote postings, and other features to firms that want to operate their own marketplace.
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