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The market has always been competitive due to entries of potential companies in a specific industry. However, due to the economic issues that our country has been suffering since the imposition of lockdowns all over Metro Manila, several industries have to cut down their operations before they lost all their assets and revenues. The Covid 19 pandemic has a great impact on business overall operations.
In your assessment, what structures of business industries could sustain their operations in the long run? Is there any or specific structure which really can easily dominate and exit the market? Defend your answer.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
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The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
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What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
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