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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?
Our legal system uses a combination of government regulation and industry self-regulatin as a means of promoting the quality of care (QOC). Discuss the differences and provide your opinion on what you believe is the best method of promoting QOC.
A) What is the probability that all seven arrive on time? B) What is the probability that exactly five arrive on time? C) What is the probability that no more than four arrive on time? D) Find the mean number of parcels that will arrive on time.
Compute the monthly payment and explain whether taking this loan is a smart business decision.
You are given a free ticket to see the nike mens basketball team play for the league championship. The Spurs are playing on the same night and is your next-best alternative activity. Tickets to see the spurs cost $40. on any given day you would be wi..
Elucidate the marketing implication of the factors contributing to the successful development of a multinational market groups.
Suppose the demand function for an industry is given by Q d T = 200 9PT Where Qd T is the quantity demanded that this market is facing, and PT = $15 is the market price. Suppose the elasticity of demand for one of the firms in the market is -6.14: th..
You own a portfolio that has $3,200 invested in Stock A and $4,300 invested in Stock B. Assume the expected returns on these stocks are 12 percent and 18 percent, respectively. What is the expected return on the portfolio?
Compute the average revenue and the marginal revenue of a fully competitive firm and illustrate in diagrams both the curves of the average and the marginal revenue.
Illustrate what will be the price of this new drink in the long run, assuming the industry is a Cournot duopoly.
Suppose nuclear power plants are banned in the U. S. What are the opportunity costs of this decision?
Household finances are similar in some ways to a nation’s international transactions. Suppose a household consumes (spends) more than its income. What are 3 legal ways it can finance this deficit? Give an example of each. How can a nation that runs a..
Many U.S.? cities, especially those with large populations of? renters, have rent controls. Suppose that San Francisco sets a rent control of $400 per month on? one-bedroom apartments. The rent control will create a _____ of apartments equal to______
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