1. Article 6 of the Treaty on European Union, called the Maastricht Treaty, states the EU is “founded” on: • rule of law 2. Which of the following is the path through which contractionary monetary policy works? • • Money down implies interest rate up implies investment down implies income down 3. Marketing research refers to__________. • the process of defining a marketing problem and opportunity, systematically collecting and analyzing information, and recommending actions 4.
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‘The price mechanism can be relied upon to provide efficiency’ Discuss. The price mechanism is the phenomenon where the market forces of supply and demand interact to reach an equilibrium price and quantity such that the quantity demanded by the buyers is exactly equal to the quantity supplied by the sellers. In a free market economy, where there is no government intervention, the allocation of all resources happens through the price mechanism. Meaning that the price mechanism is what balances
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com). The gas prices lately have not been stable and since the recession started in 2008 the gas has been fluctuating around $4 a gallon for regular oil. Gas prices fluctuate for many reasons which include the price for crude oil in the world market, supply and demand for gasoline, local competing gas stations, government regulations, and taxes. Crude oil prices are 55% of the price of gas and distribution and tax account for the remaining 45% (http://www.Thepriceoffuel.com). The demand for
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providing the same goods or services they will be each other’s competitor. Competition could be based on the operating style of a company or how merchandise is made, and competition will always have the consumer in mind. Marketing managers use competitive intelligence when creating new marketing strategies. New businesses like Kudler Fine Foods need to identify the niche, and customer base that will be appealed to. Kudler Fine Foods is an upscale, specialty grocery store located in the San Diego
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affect prices. By decreasing output, the monopolist can force the price up. Increasing output will drive it down. The demand curve faced by a purely competitive firm is horizontal, perfectly elastic. Price is given and fixed and the firm faces a multitude of competitors, all producing perfect substitutes. In these circumstances, the purely competitive firm may sell all that it wishes at the equilibrium price, but it can sell nothing for even so little as one cent higher. Monopoly power also depends
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trillion US dollars recorded from the beverage industry in 2009, the United States of America market contributed a total of 17 billion US dollars. The top market performers in this industry include PepsiCo, Coca Cola, Rebbull, Living Energy and Hansen Natural Corporation. PepsiCo is one of the principal performers among the companies mentioned above, a situation that is attributed to its large market share, competitive advantage, brand loyalty, as well as enhancement of customer confidence and loyalty. In
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to carve a niche in the global market; the manufacturers in this sector are taking risks while diversifying their designs into world-class standards. The close competitors of Bangladesh are China and India, but they mostly produce traditional items. Moreover, due to recent global financial crisis and rising labor cost, the developed countries are placing more orders to low-cost countries like Bangladesh. However Bangladesh has a bright prospect in international market. Standard Ceramics industries
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the price remains at P1 because other firms cannot use the new process. Thus Hi-Tech earns positive profits. c. When the patent expires and other firms are free to use the technology, all firms’ average-total-cost curves decline to ATC2, so the market price falls to P3 and firms earn zero profit. Figure 5 Q8. a. The rise in the price of crude oil increases production costs for individual firms and thus shifts the industry supply curve up, as shown in Figure 3. The typical firm's initial
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IIS UNIVERSITY JAIPUR Indian Airlines- an oligopoly INDEX ACKNOWLEDGEMENT WHAT IS OLIGOPOLY? An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). Oligopolies can result from various forms of collusion which reduce competition and lead to higher prices for consumers. Oligopoly has its own market structure.[1] With few sellers, each oligopolist is likely to be aware of the actions of the others. According to game theory
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The two markets (small and big tractors) are cyclical. However, the big tractor market is more cyclical. Hence Deere should not use its current cost of capital for making decisions. This is important since, if alarge tractor is sold for S100, an additional revenue of $65 is generated in the first three Years' r\ ^ ^'?t aLl""'' tur-'a ' -''*2 In fact, since the appropriate discount raG is higher than before, future profits are less valuable in the large tractor market than in the
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