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1. Is the online book retail (e.g. Amazon.com) industry qualified as a perfectly competitive market by the four market characteristics listed in the lecture note? If not, what characteristic(s) is (are) not met?
2. There are so many companies having websites to sell their products. However, not every company is successful in online retail. In your opinion, what are the common characteristics of products which can be sold successfully in online retail? Please provide at least one example and explain your answer.
3. Microsoft has been a giant in the software industry. Can we define Microsoft as a monopoly? Please explain. In addition, whether the Learner Index works well to define the market power for Microsoft in the software industry?
Nike has significant sales in emerging markets. Assume that Nike announces that its earnings (reported in dollars) would be impacted by the depreciation of many of the emerging market currencies in relation to the dollar.
Suppose that the cost of aluminium utilized by soft drinks companies increases.
to implement the program you must write several subroutines and a main program to operate an engine control unit which
even before the metals and manufacturing companies described earlier u.s. railroads in the nineteenth century were
What impact would you expect each of the following events to have on business cycles? Label each as a demand-side or supply-side shock. What economic policy changes might you expect in response to each of these events?
Provide a plot the time series data on U.S.
A machine that produces a certain piece must be turned off by the operator after each piece is completed. The machine "coasts" for 15 seconds after it is turned off, thus preventing the operator from removing the piece quickly before producing the ne..
a. with a high and growing us trade deficit many hope that a depreciation of the dollar would help close the deficit.
a small business which produces plastic vacuum-suction covers for round household dishes has a monopoly that is
A product is expected to earn 25,000 at the end of the first year, and to decrease 500 subsequent year. This product is going to be in service five years. The market value at the end of five years is 5,000. At an interest rate of return of 5%,..
A monopolist faces the price equation: P=1,000-0.5Q and total cost: C=50,000 +100Q + .4Q^2. A. Determine the price and output that maximize total revenue, and the level of profit. B. Determine the price and output that maximize profit and the leve..
Calculate the cross-price elasticity of demand and are the goods complements or substitutes
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