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The 2006 introduction of Google Docs, an online alternative but compatible software to Microsoft Office, forced Microsoft to develop new ideas to maintain its dominant market share. BBC News (May 12, 2010) reported that "Microsoft Takes Aim at Google Docs" by introducing a new online component with its Office 2010 product that offers the same features as Google Docs but with the familiarity of the Office software format. Why would the ability of Google Docs to read and edit a file created using Microsoft Office potentially cause the price of Microsoft Office software to fall? In your answer also describe another situation in which companies producing network goods have used different competition and/or price strategies to go ahead of their competitors.
Discuss fully the determinants underlying price elasticity of demand. SeeClear T.V., a cable hook-up, used to sell its service for $22.00 a month and it managed to sign up 42,000 customers. Due to increased equipment costs and the stock-holders' desi..
Suppose you are selling t-shirts at your own t-shirt stand. What are the equilibrium price and quantity for t-shirts? If the process of making your t-shirts results in chemical waste that you dump in a nearby stream, creating $5 worth of damage to th..
What is the significance of Sarbanes-Oxley and the Dodd-Franck Act to business operations in the United States?
This question deals with the application of microeconomic theory to labor markets. What is the difference between the perfect competitior's value of the marginal product of labor and the imperfect competitor's marginal revuenue product of labor curve..
Explain how resource scarcity influence hospice/palliative care for children and describe choices stakeholders are forced to make.
Is this enough information to classify the industry as an oligopoly? Is a high concentration ratio evidence that an industry is not competitive?
What are the equilibrium price and quantity. If demand increases to D', what are the new equilibrium price and quantity. What happens if the government does not allow the price to change when demand increase.
What are the portfolio weights for a portfolio that has 154 shares of Stock A that sell for $50 per share and 120 shares of Stock B that sell for $25 per share?
Jon works for a major bank. The revised employee handbook that he received 5 years ago says that all employees with 25 years of service will receive a retirement party. Jon retires on his 25th anniversary, and his manager announces that the company w..
Zeytoon manufacturing company is a foof producer operating out of Orange County California . The management team has estimated the following cost function: What is the minimum efficiency scale or output for this company?
Assume that Roscoe's Rascals decided to add the pet food line. A copy company wants to expand construction.
Call P the unit price of each stamp and find out how many stamps and how many photocopies the firms purchase depending on the value of P.
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