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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
Feel free to do additional research on this topic and post the URL along with a summary of what you found.
Describe the structural/functional differences between the models of the Capitalist (Political) Economy and the Feudal (Political) Economy
At approximately what interest rate level would a new equilibrium occur? What curve or curves would have to shift in order for this equilibrium to occur? What would happen to the economy in regards to the money market and output market if the governm..
Relative to managers in more monopolistic industries, are managers in more competitive industries more likely to spend their time on reducing costs or on pricing strategies?
In a particular industry, labor supply is ES = 6w - 4 and labor demand is ED = 52 ? 2w, where E is the level of employment and w is the hourly wage. What is the equilibrium wage and employment if the labor market is competitive? What is the unemploym..
Is the quality of care different in a for-profit versus not-for-profit hospital? What differences in services might occur during or after a stay in a for-profit versus not-for-profit hospital? Compare and contrast the impact of healthcare on the US e..
People are lured by the idea of 50 mile per gallon vehicles which still perform well also are willing to pay the high prices to get one.
A portfolio of non-dividend-paying stocks earned a geometric mean return of 5 percent between January 1, 2004, and December 31, 2010. The arithmetic mean re- turn for the same period was 6 percent. If the market value of the portfolio at the beginnin..
A rather wealthy man decides to arrange for his descendants to be well educated. He wants each child to have $60,000 for his or her education. He plans to setup a perpetual trust fund so that six children will receive this assistance in each generati..
Assume that a firm's only variable input is labor. When 50 workers are used, the average product of labor is 50 and the marginal product of labor is 75. The wage rate is $80 and the total cost of the fixed input is $500.
Subprime lending is thought to be a contributing factor to the recent housing bubble. Which of the following is an example of subprime lending?
Assume your local congressman calls you for some economic advice. He wants to sponsor legislation to increase public spending on such common medical interventions as because he’s been told early detection saves money:
When Mahdi's youngest sister was born his parents started saving $1000 per year and continue until she beomes 10 years old (total 10 years). Then they stop and keep the money on the account for the next 25 years. The interest rate in both cases is 6%..
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