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1. (Part A) You know that you are operating in a monopolistically competitive market, that is, you are a small part of a large market with many competitors in this market. From data collected on the Widget Market, you know that market demand has recently decreased, and market supply has recently increased.
Name two shift factors and determinants that could have caused the market demand to decrease and two shift factors and determinants that could have caused the market supply to increase.
Also as manager of the facility, what decisions should you make regarding production levels and pricing for your Widget facility?
Remember that supply and demand are about the market supply and market demand, which is much bigger than your own company. You are being given data on supply and demand for the whole market and are being asked what effect that has on you as a small part of that market. You want to identify the possible change in market equilibrium price, and possible change in market equilibrium quantity based on the shifts in demand and supply and adjust your own price and quantity to match the market.
What is the impact that these factors will have on the entrepreneurial venture? Do these factors present an opportunity or threat to the firm?
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Murphy, J. (2011). Information systems & technology. Patient as center of the health care universe: A closer look at patient-centered care.
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One page essay needed with resource - If you were having difficulty getting your customers to pay in a timely manner, what could you do to speed payment?
For this assignment, consider the following fictional scenarios requiring a learning technology solution:
Mark sued a bank for injuries. He was not paying attention as he entered the bank because he was looking at his phone. And he fell suffering $10,000 in injuries. Prior to the fall, the janitor had buffed the floor.
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