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1. Critically evaluate and explain:
a. In a pure monopoly situation, the quality of goods and services is not always optimal, and competition should therefore be opened in this sector. Give an example of a natural monopoly operating in your region and explain the advantages and disadvantages of this situation.
b. In monopolistically competitive industries, economic profits are competed away in the long run. Hence, there is no valid reason to criticize these industries' performance and efficiency.
"The only way to succeed in a market with homogeneous products is to produce more efficiently than most other firms." Comment. Does this imply that efficiency is less important in oligopoly and monopoly markets?
Shaughnessy Consulting, LLC currently enjoys a patent (MONOPOLY) on software that estimates economic damages for clients involved in personal injury lawsuits
If the initial investment in a project will cost $50,000 with expected benefits of $15,000 a year for 8 years, using 15% MARR per year. The net present worth for the project will be?
How can good management practices be useful in a global economy? Why would an investor care if there is good management practices? Using US steel as an example how would good chinese management practice influence this US Company?
The rule of choosing the final proposal is simple. First, Z is the person to determine who (either X or Y) is the proposal raiser. Then the proposal raiser chooses a particular proposal. Finally, the last person has the right to pass it or reject it...
Explain the contribution of marketing discipline and economics to strategic management.
What would be the balance on the loan at the end of three years?
In the long-run, what price and output adjustments will occur in this industry? What will cause these adjustments? Show graphically
In terms of the law of contract can they sue Mr Patel for the cost of R17 000.00 that they are now required to pay to rectify the errors. Assume that the electrical compliance boards report is correct. Do you think Mr Patel has any defence to the cla..
Summarize Justice Department Seeks to Enjoin Merger Between WorldCom and Sprint Corporation
Office Absorption (the rate at which available homes are sold in a specific real estate market during a given time period) often lags employment levels, why? How does increased household savings impact the office space market?
The current population of the United States is 318.9 million with 3% of the population is engaged in R&D at an eciency rate of 1/500 per million persons per year. If R&D is the only source of total-factor productivity growth what is the growth rate o..
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