Entering a newly established perfectly competitive market

Assignment Help Business Management
Reference no: EM131564519

A businessman is trying to discourage his partner from entering a newly established perfectly competitive market arguing that such a market even if profitable in the short run, would not present an opportunity for economic profit in the long run. Is he right? If so, why? Provide a brief but precise answer.

Reference no: EM131564519

Questions Cloud

What is the nal of the lease from the lessor viewpoint : What is the NAL of the lease from the lessor's viewpoint?
Determining total amount of decay using geometric series : The amounts of plutonium-237 that decay each day because of radioactivity form a geometric sequence.
Market failures and externalities : Prepare Three to Five page economic paper on Market Failures and Externalities. You have the opportunity to include a minimum.
Leasing is very common practice with expensive : Leasing is a very common practice with expensive, high-tech equipment.
Entering a newly established perfectly competitive market : A businessman is trying to discourage his partner from entering a newly established perfectly competitive market arguing that such a market even if profitable.
Steadily increasing cost of college tuition : Due in part to the economy and in part to the steadily increasing cost of college tuition, some schools are considering dropping classes.
Create a new table called custsum that you also write to xyz : create a new table called custSum that you also write to xyz.db, and that has the following characteristics. This table should have one row per customer record.
Anticipate paying taxes for the next several years : Assume that your company does not anticipate paying taxes for the next several years. What is the NAL of the lease?
What was the maximum height of helium-filled balloon rose : A helium-filled balloon rose 120 ft in 1.0 min. Each minute after that, it rose 75% as much as in the previous minute. What was its maximum height?

Reviews

Write a Review

Business Management Questions & Answers

  Manager with lax management style

What do you think happens when a manager with lax management style tries to acculturate into a very rigid atmosphere? Does this enculturation of different individuals eventually affect the culture of the organization

  Determine the impact of the company''s mission

Determine the impact of the company's mission, vision, and primary stakeholders on its overall success. Analyze the five (5) forces of competition to determine how they impact the company. Create a SWOT analysis for the company to determine its major..

  Diseconomies of scale

How long can a business operate when achieving 'diseconomies of scale'?

  Demonstrate understanding of sayles

In your response, demonstrate understanding of Sayles' Chapter 11, pages 651-660. Use the Flash Timeline tool available in the lecture, and any other resources as needed.

  Development of democracy in colonial america

The Mayflower Compact and the House of Burgesses were important to the development of democracy in colonial America because they

  Osha standard would address the condition

Where should OSHA go next with its ergonomics program? What obligation do employers have under OSHA's general duty clause that protects employees against certain hazards in the workplace, where no other OSHA standard would address the condition?

  Organization for final project

In Module Three, you will select an organization for your final project. As you begin to narrow your choice, discuss major needs, such as access, utilities, and environmental considerations, and how they might apply to the chosen organization.

  Review the various pricing methods described

Review the various pricing methods described in your text-markup pricing, target-return pricing, perceived-value pricing, value pricing, going-rate pricing, and auction-type pricing. As preparation for your Personal Application assignment this week, ..

  Describe the components of service quality

Describe the components of service quality and the gap model of service quality.- Analyze a recent experience that you have had with a service business.

  Excellent restaurant management abilities

David's good friend Oliver owns and operates a chain of sandwich shops, which have also thrived due to Oliver's excellent restaurant management abilities.

  Define three firms which are using the internet

Define three firms which are using the Internet for conducting business and speculate as to the underlying technologies which might be in use in these firms.

  Problem of collinearity and multiple regression

Describe the potential problem of collinearity and multiple regression. How might a researcher test for collinearity? If collinearity is a problem, what should a researcher do?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd