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Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm.
Describe the business and its likely main competitors.
How would you structure your advertising and customer service to differentiate your product/service?
How easy would it be for new competitors to enter your market and erode your customer base or selling price?
What would be your prognosis for the long term profitability of such a business?
What could you do to protect that long term profit stream?
What is the ratio of Indian GDP to U.S. GDP if we don't take into account the differences in relative prices and simply use the exchange rate to make the conversion? What is the ratio of real GDP in India to real GDP in the US in common prices?
during the winter of 1973-74 a general system of wage and price controls including a price ceiling on gasoline was in
How does this relate to idea that diminishing marginal utility must be understood in context? Many people buy too much on their credit cards, even though they knows they will be sorry when y get their bill. Relate this fact to idea of time inconsi..
Market for this commodity is characterized by perfect competition. Government steps in and levies a unit tax of 10 on this commodity. Illustrate what is revenue raised by government through this tax.
What are the advantages and disadvantages of fixed versus floating exchange rates?
Explain why monopolistically competitive firms frequently prefer non-price competition to price competition. Do you agree. Why.
q1. options traders appeared to be taking a bullish approach to target.illustrate what does a bullish approach mean?
A any given interest rate, business become very optimistic about the future profitability of investment spending. Assume the budget balance is zero.
The City library in Amritsar has several private study rooms which are freely available to clients.
Does the company behave like a monopoly or more like a competitive firm? Has the monopoly been cited for monopoly behavior?
Subjective definition of probability is:Select one:A. a weighted average of different peoples' degrees of certainty of an event's occurringB. a theoretical probability distributionC. a person's degree of certainty of an event's occurringD. an expecte..
The alternative is to tie bonus pay to some absolute measure of performance. Discuss the merits as well as drawbacks of each approach.
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