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Important information about LoJack
Through previous assignments, I've identified LoJack as an oligopoly. I need approximately 400 words with at least one reference to answer the below questions:
2) Should the organization/industry continue, expand, or reduce current operations in order to maximize profits? Explain your reasoning.
a) If your answer is to expand: Should the organization/industry invest in new plants, equipment, or technologies? Should the organization/industry consider a merger with another organization? Explain your reasoning and explain global competition implications.
b) If your answer is to reduce: Should the organization/industry reduce production or shutdown their operations? Explain your reasoning.
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Are there any examples which you can think of where you, personally, would not experience diminishing marginal utility.
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