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Q1. Some fields have large enough quantities of both oil also natural gas that coordination must be achieved for the production of both, rather than oil alone as in our examples. Will fields with both oil also gas have greater difficulties in unitization than fields with oil or gas alone? Elucidate
Q2. Why might a parent company like McDonalds or Hilton choose to franchise its local outlets rather than own them also staff them with employees? In many smaller cities all McDonald's outlets are owned by the same franchisee. Why is (or isn't) this fact consistent with our discussion of specific investments?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
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