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respond to one of the discussion questions and submit your response to the Discussion Area. Use the lessons and vocabulary found in the reading. Support your answers with examples and research and cite your sources using APA format.
Question 1:
You have just been hired by a company as an economist and strategic planner. Your company has asked you to generate a report explaining the consequences of the market structure in which the company operates. Assume that the market structure is an oligopoly. Explain to management how this structure could influence decision making, especially pricing, output, advertising, and the use of resources in an oligopolistic market, as compared to other market structures. Justify your answer.
Question 2:
Price discrimination is the practice of charging different customers or groups of customer's different prices for the same product.
Why does price discrimination occur?Describe the conditions that must be present for price discrimination to occur.
Rental equipment is for sale for $110,000. A prospective buyer estimates he would keep the equipment for 12 years and spend $6000 a year on maintaining the equipment. Estimated annual net receipts from equipment rentals would be $14,400. It is estima..
What metrics or financial measures are used by analysts and investors to judge the relative success of a retailer? Why are each of these measures relevant.
Elucidate the difference in approaches and describe the impact these differences have on excess quantity of labor supplied.
Decreasing returns to scale
if he makes no additional deposits and makes no withdrawals? Contributed by Paul R. McCright, University of South Florida
Compute the range of demand for which each location has a cost advantage. Which plant location is best if demand is 30,000 units?
What is opportunity cost of producing one more bushel of wheat in US. Which country has a comparative advantage in winter hats.
There is increasing pressure on HRM to become more strategic, that is to contribute to the strategic goals of the company. Strategic HRM may be approached in ei
Was innovation accelerated or suppressed by the government monopoly granted to Fulton? Why? How did innovation change after the monopoly was broken?
A company is considering the purchase of one of the following two machines that can generate the same output rate. If interest rate is 10%, determine which machine should be purchased by the use of annual cash flow analysis approach with least common..
It is felt by the executives that this proprietary technology will change the car buyer public's view toward electric cars forever and make SpaceCar the number one manufacture of automobiles and the RAT the number one selling car of all times. Assumi..
The usable lifetime of a particular electronic component is known to follow an exponential distribution with a mean of 6.2 years.
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