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Imagine that you own a pharmacy in your area. One of your competitors launches a "We will not be undersold" campaign, which promises consumers 150 % of any difference between its prices and the advertised prices of other pharmacies.
- Evaluate the social issues in your community as well as the economic culture that is influencing this type of pricing competition.
- Develop and describe a microeconomic model that is responsive to the service demands of your market.
- Based on your conclusions, how would you react to this situation, and with what business strategy would you approach this?
- How might you apply game theory to the creation of your strategy?
conduct interview with one of the managers in our company and ask him the questions. so do the interview with the
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Suppose that the risk free rate is 8 percent and the expected rate of return on the market is 18 percent.
What is the company cost to Gamecock of producing the 2,000 units of R250-1?
The article should be written for a public audience, not in an academic journal.
Is this an example, of a Cobb-Douglas Production function and would you suggest this firm merge with similar firms?
For 2012, Bayside Corporation sold 130,000 units of its product for $35 each. The variable cost per unit was $30, and Bayside's margin of safety was 30,000 units. What was the amount of Bayside's total fixed costs?
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What is the price elasticity of Zenvox's demand function at the price and quantity derived in part (a)? Explain what this value means in words.
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