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Consider the statement, "Monopoly power comes from market acceptance, not from a patent, a prettier product, a slick advertising campaign, or anything else. So rather than spend your time in court, you should be out there drumming up business."
Do you agree? Discuss your response to the questions in this problem.
1. A firm operates in a perfectly competitive industry. Suppose it has a short run total cost function given by TC= 42000 +0.001q^2. If the market price is 15, what is the firm's profit-maximizing quantity?
Provides a conceptual base for managers to assess and enhance strategic performance in a business organization through the integration of the core business functions, effective resource management, and sound leadership.
A leading organization, inspired by the Grameen bank, is attempting to provide loans to small farmers. it is leading to farmers in groups of two. Explain three reasons why a strategy of group leading may be better than a strategy of lending to indivi..
Choose a specific product that you use on a daily basis (such as food items, toiletries, or your car). Who are you (demographics, psychographics, etc.)? What do you do with the product (consumption, storage, disposal, etc.)? Where do you purchase the..
The fact that a consumer is not required to buy the goods that a given firm produces, as well as the fact that the consumer might want the goods a firm produces, but may choose to buy from other firms instead.
What rate of return would you expect on a 1 year treasury security, assuming the pure expectation theory is valid? use arithmetic average.
Assume, after you graduate, you are paid $3,000 monthly (take home pay). Assuming you spend your entire income at a constant rate throughout the month and do not use a credit card, calculate your average demand for money and the velocity of your mone..
Make sure that you consider two cases. In the first case, the consumer does not pay any tax before x is reduced, and in the second case, the consumer pays a positive tax before x is reduced.
Because of the close co-movement between the budget deficit and the current account deficit, the two are often referred to as “twin deficits”. Explain in detail how an increase in the budget deficit that is due to an increase in government spending (..
Show graphically and explain how a change in the monetary policy regime will affect short-run prices and output in the economy. (3 graphs to complete this problem) (Answers without graphs are useless)
Explain why perfect personalized pricing is typically more profitable than menu pricing.
A change in which of the following is least likely to cause a shift of the consumption function?
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