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Question: Product differentiation is a hallmark of monopolistic competition, and the text lists four sources of such differentiation: physical differences, prestige, location, and service. How do firms in the industries listed below differentiate their products? How important is each of the four sources of differentiation in each case? Give the most important source of differentiation in each case.
a. fast-food restaurants
b. espresso shops/carts
c. hair stylists
d. soft drink company
e. wine merchant
Of the suggestions offered by the author(s), which concepts give you the greatest insight into managing organizational costs in the organization where you work (or one in which you are familiar)? Where can they be applied within that organization?
Do you advocate an active or passive policy approach? Why? Why might an active policy approach be more popular than a passive approach, especially during a recession?
if a government initially has a balanced budget but then cuts taxes, it is running a deficit that it must somehow finance. suppose people think the government will finance its deficit by printing the extra money
How does a government budget deficit affect the economy
a) If the government sets a price ceiling of $10 per unit, i) What will be the quantity demanded and quantity supplied?
The total annual output of the U.S. economy measured at the third quarter of 2010 was $13,278.5 billion. The total number of people employed as of December 2010 was 139,206,000.
Illustrtae the possibly changes which the "accrual" accounting or the "cash basis" could bring into the financial statements.
Does globalization have any implications for environmental policy? Justify and support your position.
What is the meaning of a four-firm concentration ratio? Interpret what four-firm concentration ratio of 60 % would mean. Interpret what a score of 90% would mean for the four-firm concentration ratio
How do we face Trump's America? How do we face Trump's America? How do we face Trump's America?
In national income accounting, grain fed to a hog at a commercial hog farm is considered a(n) a. final good b. intermediate good c. consumer good d. capital consumption allowance
Assume that an iPad in the US is $500 while in Switzerland it costs 400 Swiss Francs. Suppose the nominal Swiss Franc/Dollar exchange rate is 1.1 Swiss Francs per Dollar.
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