Ghemawats framework for analyzing commitment

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Reference no: EM1319556

Q1. Illustrate what is meant by the term ‘commitment ‘? Illustrate what three characteristics distinguish a strategic move as strong commitment? Is Fiat making a strong commitment? Is this commitment irreversible? Analyze Fiat's entry in term of Ghemawat's framework for analyzing commitment.

Q2. ‘In a perfectly competitive market, firms always operate at the lowest per-unit cost. ‘ Is the statement true or false? Elucidate your answer.

Q3. Elucidate how do I define short-run also long-run cost also perfect competition in a short essay format using graphs (C, Q axis; APL, AVC, TC, TVC, MPL, MC curves also other various curves)?

Reference no: EM1319556

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