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Question1. What four basic conditions characterize a competitive market?
Question2. The short-run marginal cost of the Ohio Bag Company is 2Q. Price is $100. The company operates in a competitive industry. Currently, the company is producing 40 units per period. What is the optimal short-run output? Calculate the profits that Ohio Bag is losing through suboptimal output.
Question3. Should a company ever produce an output if the mangers know it will lose money over the period? Explain.
Question4. What are economic profits? Does a firm in a competitive industry earn long-run economic profits? Explain.
Question5. The Johnson Oil Corporation has just employed the best manager in the industry. Should the owners of the company anticipate economic profits? Explain your answer.
Find Which databases contains the business transaction history.
Explain Innovation strategy and How would you revise the innovation strategy for this company
The instance may be from your own workplace or from a business condition with which you are familiar
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A month later his eighteenth birthday corelli chooses that he would rather have $2,500 than the painting.
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Two new checkout scanning systems are under consideration through a retail store. Arrivals to the checkout stand follow the Poisson distribution with = 2 per minute.
If a company has $1 million to spend on a new strategy and is considering market development versus product development, what determine factors would be most important to consider?
Show the importance of communication and information exchange to project success and explain what are the crucial features and elements of effective communication and information exchange in successful projects?
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