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Let us imagine you are a consultant who has just been hired by a small business owner as an industry specialist. For this discussion you will identify one specific small business that you own, know the owner well or frequent as a customer.
As the business consultant for this specific business exactly what would you recommend based on all the information you have just learned about monopolistic competition? Specifically include:
product or service type
level of competition that currently exists
strategies for expanding market share
short and long run goals
how to achieve these goals
Feel free to do additional research on this topic and post the URL along with a summary of what you found.
Name one drawback to using a risk management approach to solve the "Risk/Benefit Problem" of technology that we discussed in class.
A subsidy on exports is, in a sense, the opposite of a tariff on imports. If a tariff lowers efficiency, would you expect a subsidy to increase efficiency or lower it? How do tariffs and subsidies compare in the way they distort trade according to co..
A copier company want to expand production. It currently has 20 workers who share eight copiers. 2 months ago the firm added 2 copiers, and output increased by 100,000 pages per day. One month ago, they added 5 workers and productivity also increased..
In your paper also include the opposing position along with your rebuttal (of that opposing position). For instance, if you wrote a paper arguing that political parties are beneficial (and why), then your rebuttal would be that political parties are ..
You are considering buying a perpetual annuity which cost $10,000 now upfront. you could instead invest in a cd and earn 4% your discount rate. what is minimum yearly payout you require to buy this annuity?
Given a daily traffic rate of 6000 cars, a toll of $26.00 per car, and a price elasticity of -1.4. What would be the effect of a 50% decrease in price on the traffic rate and daily revenue?
What are the input levels for both x1 and x2 in order to minimize the cost for the orange grower
q1. discuss the current state of the chilean economy by focusing on the recent past and macroeconomic characteristics
______An organization's shared values, beliefs, traditions, philosophies, rules, and role models for behavior represent its
Select two subject and explain how they fit into economics- what do the subject have in common? How does it impact how you think about economics? What can you learn from it? and how can you apply it?
Consider competitive markets, monopolies, and oligopolies. What role does each of these play in an economy?
Suppose you are receiving a large shipment of Gizmos. The manufacturing standards provide that 1% of Gizmos turn out defective. You randomly select a sample of n = 25 from each lot and return the shipment if more than 2 are found defective. The proba..
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