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1) Would you expect the kinked demand curve to be more extreme (like a right angle) or less extreme (like a normal demand curve) if each firm in the cartel produces a near-identical product like OPEC and petroleum? What if each firm produces a somewhat different product? Explain your reasoning.
2) When OPEC raised the price of oil dramatically in the mid-1970s, experts said it was unlikely that the cartel could stay together over the long term-that the incentives for individual members to cheat would become too strong. More than forty years later, OPEC still exists. Why do you think OPEC has been able to beat the odds and continue to collude? Hint: You may wish to consider non-economic reasons.
Show the reasons why there is optimism for continued union success and why do employers resist the formation of unions in their companies? Provide at least four reasons.
Mr. J is a 72-year-old retired rabbi with a diagnosis of mild dementia. He was admitted for treatment of a fractured right hip after falling in his home. He has received pain medication and is drowsy, but he answers simple questions appropriately.
A congresswoman from a state with several ball-bearing factories argues that the United States should threaten to impose a tariff on Chinese ball bearings in order to induce the Chinese to remove its tariff on American cars. Which of the following..
Find an opportunity to demonstrate servant leadership in your organization or community through volunteering or serving others
Evaluate how you would keep your employees motivated to do the best job they could. Provide specific examples to support your response.
Explain what are the overall duties and responsibilities the Ideal Leader will be expected to perform
Describe and illustrate one of the three portfolio approaches. Explain why a business would choose a low cost, differentiation, or speed-based strategy. Conduct a strategic analysis and choice for a multi-business company.
1. Johnson, et al. in their paper, Reinventing Your Business Model, identify 4 elements a firm needs to consider in defining its business model. One of these elements is the Customer Value Proposition. Describe eHarmony's value proposition. ..
Find the profit-maximizing output (Q) by using first- and second-order conditions for the profit function.
Probably the best indication that a technician's customer service is above standard is that the users are consistently satisfied with the results provided.
Critique how well the organization adapts to change
Consider the systematic decision-making processes of your own organization. Respond to the following:
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