Elucidate the nature of competition in a marketplace

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Q. Elucidate the nature of competition in a marketplace which is characterized by a high barrier to entry and a significant product homogeneity

Q. A 110,000 chemical plant had an estimated life of 6 years and a projected scrap value of 10000. After 3 years of operation an explosion made it a total loss. How much money would have to be increased to put up a new plant its 3 years of operation by; straight line method and sinking fund method @ 6% annual compound interest.

Reference no: EM1346208

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