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Smyth Industries operated as a monopolist for the past several years, earning annual profits amounting to $50 million, which it could have maintained if Jones Incorporated did not enter the market. The result of this increased competition is lower prices and lower profits; Smyth Industries now earns $10 million annually. The managers of Smyth Industries are trying to devise a plan to drive Jones Incorporated out of the market so Smyth can regain its monopoly position (and profit). One of Smyth's managers suggests pricing its product 50 percent below marginal cost for exactly one year. The estimated impact of such a move is a loss of $1 billion. Ignoring antitrust concerns, is it in Smyth Industries' interest to remain as a duopolist or engage in predatory pricing? Multiple Choice O It Is best to engage In predatory pricing since $210 million Is greater than $200 million. O It Is best to remain as a duopolist since $210 million Is greater than $0. O It Is best to engage In predatory pricing since $1.05 billion is greater than $1 billion. O It Is best to remain as a duopolist since $210 million Is greater than $100 million.
Calculate the present worth in year 0 of a series of cash flows that starts at $10,000 in year 0 and increases by 10% per year through year 10. Assume i =10% pe
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An irrigation return flow drain has sampling equipment that can be powered by solar cells or by running an electric line to the site and using conventional power. Solar cells will cost $14,000 to install and will have a useful life of 10 years.
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If monopolistically competitive firms are making positive economic profits, then new firms would:
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Which parts of the warm-up could you see yourself including in a regular excise routine?
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