Learned about monopolistic competition

Assignment Help Business Economics

Reference no: EM131085156

Let us imagine you are a consultant who has just been hired by a small business owner as an industry specialist. For this discussion you will identify one specific small business that you own, know the owner well or frequent as a customer. As the business consultant for this specific business exactly what would you recommend based on all the information you have just learned about monopolistic competition? Specifically include: product or service type level of competition that currently exists strategies for expanding market share short and long run goals how to achieve these goals

Reference no: EM131085156

Questions Cloud

Magnetic field of the airgap : The airgap of a moving coil instrument is 2.0 mm long and has a cross-sectional area of 500 mm2. If the flux density is 50 mT, determine the total energy stored in the magnetic field of the airgap.

Loyalty programs are more the norm than the exception : Loyalty programs are more the norm than the exception. Once all competitors offer similar schemes, all that happens is that marketing costs have risen in that industry. Argue for or against the proposition that loyalty programs are effective customer..

Cost of the owner time to run the plumbing business : Water Works Plumbing Company is a small owner-managed plumbing services company that serves the greater Miami metropolitan area. Identify each of the following costs as either a variable, a fixed, or a quasi-fixed cost: Cost of the owner’s time to r..

Value of current would double the energy stored : Calculate the value of the energy stored when a current of 50 mA is flowing in a coil of inductance 200 mH. What value of current would double the energy stored?

Learned about monopolistic competition : Let us imagine you are a consultant who has just been hired by a small business owner as an industry specialist. For this discussion you will identify one specific small business that you own, know the owner well or frequent as a customer. As the bus..

Problem regarding the conductors of diameter : Determine (a) the loop inductance, and (b) the capacitance of a 1 km length of single-phase twin line having conductors of diameter 10 mm and spaced 800 mm apart in air.

Power base and leadership : British historian of late 19th century, (Acton, 1887) said that "power tends to corrupt; absolute power corrupts absolutely," suggesting that a person's sense of morality lessens as his or her power increases. Do you agree? Considering this idea, is ..

Determine the inductance of the cable per metre length : A coaxial cable has an inner core of radius 1.0 mm and an outer sheath of internal radius 4.0 mm. Determine the inductance of the cable per metre length. Assume that the relative permeability is unity.

Energy stored per cubic metre of the dielectric : A 400 pF capacitor is charged to a p.d. of 100 V. The dielectric has a cross-sectional area of 200 cm2 and a relative permittivity of 2.3. Calculate the energy stored per cubic metre of the dielectric.

User Account

All Pages