Discuss the importance of competition within an industry

Reference no: EM131007788

Write a two page double spaced essay in which you discuss the importance of competition within an industry for consumers. Be sure to use the long run industry standards in your essay.

Reference no: EM131007788

Questions Cloud

How does the study of economics depend upon the p : How does the study of economics depend upon the p How does the study of economics depend upon the phenomenon of scarcity?henomenon of scarcity?

How would a classical economist respond to this situation : Graph the following scenario taken from the headlines recently. Be sure to focus on what is actually happening. “Central bank Governor Toshihiko Fukui has been predicting the economy's longest expansion in more than 60 years will spur profits and fee..

What is the profit implication of this : If Southwest does experience a highly elastic demand on the Burbank-Oakland route, what is the profit implication of this?

Assume that the economy is beginning at equilibrium : Assume that the economy is beginning at equilibrium. There is a supply shock and OPEC has decided to increase production, which lowers the price of oil. What will happen to the price level and RGDP in the short run? Label the original point (A) and t..

Discuss the importance of competition within an industry : Write a two page double spaced essay in which you discuss the importance of competition within an industry for consumers. Be sure to use the long run industry standards in your essay.

Produces two types of calculators financial and scientific : Xyz inc produces two types of calculators financial and scientific. Each financial calculator generates 50 profit and each scientific calculator generates 30 profit. the company has 100 bases for production and each calculator requires one of those b..

Using the extensive or tree-form of a game : Coca-Cola and PepsiCo are the leading competitors in the market for cola products. In 1960 Coca-Cola introduced Sprite, which today is the worldwide leader in the lemon-lime soft drink market and ranks fourth among all soft drinks worldwide. Diagram ..

Describe the manufacturing process : Choose a product to manufacture and to describe the manufacturing process. Prepare the following budgets for 1 quarter broken down monthly regarding your chosen item: estimated sales budget, estimated direct materials budget, estimated direct labor..

What is the delivered price of the living room set : Levin Furniture buys a living room set with a $4,000 list price and a 55% trade discount.Freight (FOB shipping point) of $50 is not part of the list price. What is the delivered price(including freight) of the living room set, assuming a cash disc..

User Account

All Pages