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Current Examples of Market Structures
In the previous assignment and the assigned readings for this module, you analyzed industries, identified their market structures, and determined how management decisions are made on the basis of the market structure. In this assignment, you will learn to determine the industry classification of specific market structures and industries.
Tasks: Identify an article on any one of the following management decisions commonly made in an organization:
You can consult sources such as the Wall Street Journal, Financial Times, Bloomberg Markets, the Economist, US News and World Report. After reading the article, respond to the following:
Identify the unifying theme in the article. Does the theme pertain to economics and the reasoning for cutting costs, enhancing business operations, or increasing productive capacity using technology? How?
Evaluate the situation that you think proposes the most significant consequences for society. What are the consequences that you foresee?
If you were the regulator of the industry analyzed in the article, how would you decide the validity of the company policy in the article and why? And disadvantages of other market structures.
Suppose that you are a consultant to a firm that publishes books. Suppose that the firm is about to publish a book that will sell for $24 a copy. The fixed coat of publishing the book are $7200, the variable cost is $18 a copy. What is the breakeven ..
what are the methods that labor unions use to increase the wage rates of their members above the levels of nonunion
Monthly Gross Income: $3,000 Money you have in savings for a down payment: $9,500 You have monthly payments for all existing debts of $400 How much do you qualify to borrow (assume 28% debt to income ratio and 10% down payment)
Cost efficiency can still be considered a major strategic objective of banks. Discuss.
Using concepts we have discussed in class, discuss the effect of having a minimum wage. The minimum wage raises workers’ wage above the equilibrium wage.
Suppose you are starting your own Internet business. You make a decision to form a company that will sell cookbooks online. You estimate that the yearly cost of this business will be given as follows:
What was Real GDP for 2009 and what does GDP tell us and how did GDP change from 2008?
if youre the marketing manager of a large corporation which of these financial ratios would you look at first and why?
assume that employers and workers agree that real wages should rise by 2 next year1 if inflation is expected to be 2
Suppose a tax per unit output (per-unit tax) is imposed on the production of Q with the intent of making equal the market level of output and the socially efficient level. How high should that per-unit tax be? What is the gain in net social benefi..
Give some examples of waiting lines in everyday life. What decisions should managers of such systems consider? Try to consider the production line as well as waiting in the queue.
what comparative and absolute advantages does the us have over madagascar and syria. what comparative and absolute
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