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Two of the benefits that consumers realize resulting from increased competition are lower prices and improved product quality. Identify a product that has (a) fallen sharply in price, or (b) significantly gotten better without price increases.
Were these desirable product qualities the direct result of increased competition? If no, how did such changes occur? Was the product produced in an industry closely akin to the purely competitive market structure? Incorporate one non-lecture or textbook resource as evidence to support your position.
Please include where you got information.
After the 2008's Great Recession the Fed lower the Fed Fund Rate (r) to zero reaching its lower bound and facing a binding situation, i.e. r = 0. What effect will this have on the effectiveness of fiscal policy? Specifically, what will happen to the ..
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For the industry you have chosen, discuss how price moves from today to the future.
Suppose firm 1 and firm 2 each produce the same product and face a market demand curve described by what is the Bertand-Nash equilibrium outcome?
Total profit is maximized at output of ? What is profit maximizing price? What will profits be at profit max output and price?
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Are international strategies always just a special case of diversification strategies that a firm might pursue? What, if anything, is different about international strategies and diversification strategies?
A software company knows that they have two types of customers: home-users and corporate-users. For their newly released software, there are 150 home-users who would be willing to pay $350 for the software, and there are 50 corporate-users who would ..
Your business provides CDs for free to customers who pay for the English courses that you offer in Mexico. You consider the idea of mass production of the CDs in the U.S., so that you can sell (export) them to distributors or to retail stores through..
Give an example of a traditional mechanism used to detect failures in distributed systems. Give an example of a traditional mechanism used to improve availability in distributed systems.
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