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Respond to the following questions: •You have just been hired by a company as an economist and strategic planner. Your company has asked you to generate a report explaining the consequences of the market structure in which the company operates. Assume that the market structure is an oligopoly. Explain to management how this structure could influence decision making, especially pricing, output, advertising, and the use of resources in an oligopolistic market, as compared to other market structures. •Outline what the kinked demand curve model of oligopoly seeks to explain. What are the major points of this theory? How does the kinked demand theory of oligopoly differ from other theories in terms of explaining the behavior of companies in an oligopoly? Explain the role of your company if it is considered the dominant company in the industry in terms of price leadership. Suggest and justify whether any other role should be recommended. •Price discrimination is the practice of charging different customers or groups of customers different prices for the same product. Why does price discrimination occur? Describe the conditions that must be present for price discrimination to occur. Analyze why and how price discrimination is practiced in the following markets: ?Airline tickets ?Wholesale vs. retail markets ?Movie theater tickets ?Discount coupons Justify your choices with valid assumptions and logically driven arguments. Cite any sources using APA format.
3. Many businesses have revenue that is sensitive to weather. In cases like these the businesses could hedge their risk using weather derivatives. Discuss an example of a weather derivative and how it is used by companies to mitigate risk. (20 points..
What is the present worth of each of the following given series of payments? (a) $9,000 at the end of each year for eight years at 6 percent compounded annually. (b) $1,500 at the end of each year for 10 years at 9 percent compounded annually. (c) $7..
the following is a regression equation for the demand for low-calorie microwavable food. standard errors are in
Describe the difference between a monopoly and an oligopoly, and a cartel and provide an example of the monopoly, an oligopoly, and a cartel and write down the welfare effects of monopolies and oligopolies.
what comparative and absolute advantages does the us have over madagascar and syria. what comparative and absolute
a local hardware store is trying to decide whether to stay open. they have found that their industry is extremely
Presume that the firms in an oligopolistic market engage in a price war and as a result, all firms earn lower profits. Game theory would explain this as what?
"Corporate governance" refers to aspects of the corporation such as:
Industry structure is often measured through calculating the Four-Firm Concentration Ratio. Assume you've an industry with 20 firms and the CR is 30%. How would you describe this industry?
identify an example in which a firm you are familiar with made a strategic decision that was focused on improving the
problem 1 in a study relating college grade point average to time spent in various activities students are asked how
Graph the demand and marginal cost curves and calculate and indicate on the graph the equilibrium price and quantity
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