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Marcus Superberg has launched his new social media platform called the DeltaVerse, which he brags complies with privacy and cybersecurity legislation worldwide. The advertising campaign shows that you can share personal videos, pictures, text and voice messages with trusted friends only. Third parties, hackers or stalkers, cannot access, steal or sell your personal data. Marcus Superberg claims that he counts on the best team of computer programmers, and his DeltaVerse is powered by an unbreakable unique algorithm. Will Bates, the founder of MetaSpace and Marcus Superberg's closest competitor, knows that such an unbreakable algorithm is impossible to create. Will Bates knows first-hand that hackers are more skilful than ever in the history of computer sciences and cybersecurity technology is still in its infancy stages. Will Bates is angry as MetaSpace started losing subscribers to DeltaVerse and threatens Marcus Superberg in a TV show with legal action for misleading and deceiving the general public into believing that a 100% secure social media platform is possible. Marcus Superberg comes to you for advice and asks whether the MetaSpace founder is bluffing about bringing an action under the Australian Consumer Law as MetaSpace is just a competitor and not a consumer. Is MetaSpace likely to succeed in a legal battle against Marcus Superberg?
What four conditions define a perfectly competitive market?
Which of the following sentences contains an incorrect use of an adjective or adverb?
Consider product line pricing, captive pricing, and price bundling. For each of these tactics, identify a brand that you believe currently use each of these tactics. Provide evidence to support use of that tactic. Is the tactic effective? Why or why ..
Discuss how changes in household disposable income, housing and stock wealth, and debt-generated movements along and shifts in the U.S. saving function. Explain these effects, assuming other things were equal.
Treating a patient with congestive heart failure with tPlex rather than is other increases average life expectancy to 12.3 years from 11.5 years. The added cost of therapy is $14,000. What is the cost per life year? Should you choose tPlex or is othe..
Assume that a new project will annually generate revenues of $2,100,000 and cash expenses (including both fixed and variable costs) of $500,000, while increasing depreciation by $250,000 per year. In addition, the firm's tax rate is 37%. Calculate th..
Show that neither price maximizes joint profits.
Examine the market for tickets for popular sporting events through the supply and demand model. Consider the following questions: How often are you able to buy a popular event ticket (for example, the Super Bowl) at face value? Consider the prices yo..
We want to donate a marble birdbath to the city park as a memorial to cats. We also want to set up a perpetual care fund to cover future expenses “forever”. The initial cost of the bath is $5000. What is the capitalized cost of this project if the in..
Describe the tragedy of the commons. What problems are presented by the tragedy of the commons for moral evaluation of technological development? How would you address these problems?
Draw the market demand for jet aircraft. ( Hint: You are free to assume any data necessary to draw the demand). Use your figure to explain how changes in the consumer demand for air travel affect the airline demand for jet aircraft
Use demand and supply graphs illustrate and explain the impact on the equilibrium price and quantity in the market for yoga service?
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