Reference no: EM131186131
1. The fast food industry is extremely competitive and in some cases close to perfect competition. Identify 2 fast food chains which you feel have almost identical products and pricing and identify the almost identical products that they both sell.
2. Of the 2 that you identified, explain a strategy that one or the other has used in an attempt to gain more control of its respective market and a strategy that you think would work better.
3. Explain in detail how you think trademarks and patents go against the idea of perfect competition.
4. Now explain whether you feel that trademarks and patents are examples of unfair competition or are necessary for technological and social advancement.
5. Assume that you've owned and operated a very successful elite seafood restaurant in a rather small strip mall for several years. A Red Lobster chain seafood restaurant is just about to open across the street from you in another strip mall. Explain how this may affect your total revenue, marginal revenue, marginal cost, and total cost. In other words what, if any, changes would you have to make to what, how, and how much you produce to remain competitive.
6. Delta Airlines advertised a special on air travel from Miami to Denver. The price for round trip airfare was $178. If the average total cost to fly passengers to and from Denver is $250, how does this offer provide any benefit to Delta? How does Delta's opportunity cost of an empty seat change as the date of the flight approaches?
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Example of economics of scale or economics
: Then, provide a specific company example of economics of scale or economics of scope and how it affects production and cost or how technology affects the inputs and costs. Conduct research and use specific examples.
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Why such graph must have atleast one vertex of odd valence
: Suppose that for a certain connected graph, it is possible to disconnect it by one edge. Explain why such a graph (before the edge is removed) must have atleast one vertex of odd valence. ( Show that it cannot have a Euler Circuit)Show all work.
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Determine which firm has the greatermarket power
: Question 1: Find the equilibrium price and quantities for the case in which the two taxicompanies engage in Cournot (quantity) competition. What profits will Big Ben Taxisand Whitehall Taxis earn. Question 2: Using your answers to question 1, dete..
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Analyse success or failure of applied project management
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Against the idea of perfect competition
: 1. The fast food industry is extremely competitive and in some cases close to perfect competition. Identify 2 fast food chains which you feel have almost identical products and pricing and identify the almost identical products that they both sell..
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Individual unique lived experiences
: How can governments effectively make choices to maximize public welfare given each individual's unique lived experiences?
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What is the profit maximizing price and output
: Your firm, a monopolist has been given the following demand and cost functions: P = 100 - 2Q and C(Q) = 50 + Q2. a. What is the profit maximizing price and output for this monopolist?
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Draw a network security diagram to show an network
: Draw a network security diagram to show an example network for Buy This Shoe. Make sure your network design has the following features, Clearly shows network zones (trusted, untrusted, DMZ) and Has both perimeter firewall and internal firewall
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Create a new product that would appeal to your market
: Develop at least one question for each characteristic of the target market (demographic, geographic, psychographic, and behavioral) that will be important for you as you determine the marketing strategy for this new product.
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