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Each of the following parts describes a firm that was an early mover in its market. In light of the information provided, indicate whether the firm's position as an early mover is likely to be the basis of a sustainable competitive advantage.
a) A bank has issued the largest number of automated teller machine cards in a large urban area. Banks view their ability to offer ATM cards as an important part of their battle for depositors, and a customer's ATM card for one bank does not work on the ATM systems of competing banks.
b) A firm has a 60 percent share of T3MP, a commodity chemical used to make industrial solvents. Minimum efficient scale is thought to be 50 percent of current market demand. Recently, a change in environmental regulation has dramatically raised the price of a substitute chemical that indirectly competes with T3MP. This change undermines the market for the substitute, which is about twice the size of the market for T3MP.
When design dominance is discussed, what company name comes to mind.
Joy's frozen yogurt shops have enjoyed rapid growth in northeastern states in recent years. From the analysis of joy's various outlets, it was found to the Demand curve.
Based on your answers in a also b, how can you reconcile the president's statement with economics. Can you suggest how his statement could be modified to be consistent with the IS-LM model.
With Australia going through a long-lasting drought in the first decade of the 21st century, serious concerns were raised about the possibility of running out of water.
Show that these choices are inconsistent with expected utility maximization.
Elucidate what percentage of the variation in salary is explained by this model. Describe the point estimate of salary for a teacher with 20 years of experience.
Evan gets twice as much marginal utility from an additional bottle of water than from an additional bottle of soda.
Suppose that the Indian government reduces its deficit and returns to a balanced budget. If other thing remian the same, how will the demand or supply of loanable funds in India change.
Suppose now that the government reduces (t) and increases (t') so that the government budget constraint continues to hold. What will be the effects on an individual con-sumer's consumptionin present
describe the current account balance, the capital account balance, and the official settlements account balance.
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
Assume which Sweden also Portugal both produce oil also stained glass. Sweden's opportunity cost of producing a pane of stained glass is 8 barrels of oil.
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