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A few industries in the United States have convinced the political system to allow large firms to work together legally. In particular, collegiate and professional sports teams have been given legal authority to cooperate to limit competition (in business, not in athletic competition). Many other industries would like similar permission but most firms are not allowed to legally cooperate to restrain competition. Does there seem to be a public interest in the special permission for the athletic industry or does this appear to be a case of unfair advantage at the expense of consumers?
Read the attached article "The world economy calls: Will improved communications attract call centers to Africa?" from the Economist magazine. Then answer the following questions: 1. List at least three factors that make Kenya an attractive site f..
What is a good budget reduction strategies? and discuss which reduction strategy you would employ and how you would accomplish
Describe at least four characteristics of a good business.Identify and talk about at least four companies that you regard as having the characteristics.
Some businesses will examine either pricing structure and modify it in order to maximize revenue, either by raising or lowering price. Cost and Revenue Curves simulation and this week's readings could organization you have chosen lower prices to in..
Ms. Fogg is planning an around-the-world trip on which she plans to spend $10,000. Her utility from the trip is a function of how much she actually spends on it (Y), given by: uppose that people who buy insurance tend to become more careless with the..
The economys business cycles are not well synchronized with any of the world's largest economies and policymakers.
In 2013 BusinessWeek Online reported that car sales in China had slowed and cited the government's bid to restrict credit to consumers as the reason. Assuming the car market in China can be analyzed with demand and supply curves, what best reflects t..
Effective target marketing requires marketers to do which of the following?
Discuss the impact of major accounting/financial scandals on investors’ asset preferences. In your opinion how do the scandals affect foreign markets? Discuss two macro variables that affect changes in interest rates/or markets. If you watch these va..
As noted in the chapter, separating the production of electricity from its delivery has led to considerable deregulation of producers. (See page 599 in the textbook.) Briefly explain which of these two aspects of the sale of electricity remains susce..
You are the head of a firm that faces an elastic demand. Illustrate the results on Total Revenue if you decrease your price.
In a repeated prisoner’s dilemma, a player that is playing tit-for-tat will:
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