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- 12. How are money cost and opportunity cost related to each other? a. Opportunity cost must always exceed money cost. b. They are always identical in any economic system. c. If markets function well, they are closely related. d. In a market economy, they must be equal to each other. e. Money cost is greater than or equal to opportunity cost.QUESTIONS are based on Carl's Jr case study article 1. Discuss what are potential sources of competitive advantage for a company? Give examples 2. Argue is a competitive advantage sustainable? Give examples 3. Conduct an analysis of the strengths, weaknesses, opportunities, and threats (a SWOT analysis) of Carl’s Jr. 4. What changes should Carl’s Jr. make in order to develop a sustainable competitive advantage? (Hint: to help answer this question, think of how you might further segment the YHG group that Carl’s Jr. is trying to sell to, and develop a strategy around these subgroups.)Economics Now having some knowledge of perfect competition and how/why it's generally experienced only in commodity markets, and that's not an absolute, discuss why the market for housing -though competitive- doesn't function under the theory of perfect competition. Hint: take each of the tenets of perfect competition and ask yourselves (for example) "Are all house the same (homogenous)?"; "Do sellers face buyers with 'few' choices?" -get the idea? In essence, you're describing why real estate isn't perfectly competitive and how those characteristics we studied often do not apply. Enjoy the learning!
- 2. If pure competition is not an adequate representation of the economic model that underlies farming in the Philippines, why do the assumptions of pure competition continue to be important to agricultural economists?2. List the features that characterize a perfect competitive market. 3. What is a perfectly competitive market? Perfectly competitive markets establish capitalist justice and maximize utility in a way that respects buyers’ and sellers’ negative rights? Explain how and what types of negative rights are respected.Concept: Does Fairness Matter 1 In the presence of shortages, why would a firm, such as a restaurant with people waiting for a table or a theater with people waiting for a ticket, not raise prices when doing so would seem to increase profits? A. Increasing prices might result in short run gains at the expense of long run profits. B. Increasing prices might be seen as unfair. C. Increasing prices requires the firm to pay substantial "switching costs." D. Both a and b. E. All of the above.
- 8. “Creative destruction” is the process by which:a. Old buildings are demolished and new ones are build in their place.b. Old sources of competitive advantage are displaced by new ones.c. Old skills become obsolete and new ones develop in their place.d. Old technologies are replaced by new ones.6. Which competitive force has Naomi capitalized on to benefit her company's manufacturing processes? a. Buyer power b. Threat of substitute products or services c Threat of new entrants d. Supplier power1. Critically analyse Danone Corporation’s entry mode of 2 markets ( for example, UK, Nigeria, etc.) from 2 different continents ( excluding India) as it is a multinational corporation with references of the informations. Consider the following points during writing the answer : a. Reason behind choosing this particular market and when did they enter the market and with what product?b. Entry mode and was it a good or regrettable choice - critically analyse;c. Was the business a success or failure in the new market? Why.
- What issues do the online businesses face? How are they similar to offline competition? How are these issues resolved (market v. nonmarket) in the online and offline business? Use the theory fo the 4 Is. Issues are understood as moral concerns, consequences, justice, and rights at stake which can be resolved by either market or non-market action.1.) Which one of the following sets of circumstances could the existence of economies of scale cause in a market? a.) More firms looking to move overseas. b.) Firms merging with and buying out other firms in their markets, thus leading to an increase in market competition c.) More american overseas firms will decide to come home. d.) None of the three other possible answers listed here are correct.A. Explain, how or why the commodity (say bottled water) market can be considered as a good example of perfect competitive market? B. Explain why perfect competitive markets are regarded as the best market structure for the society?