Question 1 (5 points) 1. Which of the following may lead to vertical integration? a) Technological interdependencies b) Reduced search and bargaining cost c) The hold-up problem d) All of the above Question 2 (5 points) Effective collusion generally is more difficult when a) the number of oligopolistic firms involved decreases b) the number of oligopolistic firms involved increases c) when customer orders are small‚ frequent‚ and received on a regular basis as compared
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Intercontinental University Why do firms purchase other corporations? Many firms purchase other companies to make their company larger. The growth of a company is achieved through expansion of purchasing already built companies and expanding their business into empty building. Merging with other companies is sometimes easier since the business is already setup. They can gain good managers and employee as well as formidable contracts that they were not using before. Do firms pay too much for the acquired
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1800’s Transportation In order to create regional‚ national and international markets‚ strong commerce‚ trade and transportation are necessary. During the 1800’s‚ social change became more prominent in different areas of the country such as the South and Midwest. As economic prosperity grew‚ the need for new and more efficient means of transportation grew as well. Through the development of new transportation technologies such as canals and railroads‚ America saw a large increase in the monetary
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Introduction. In this paper team C will discuss a three part discussion and analysis of team member skills that will show the strengths and skills that based on our education at University of phoenix. Team C will be creating a matrix of team member skills. We will be analyzing the teams skills that are lacking and will be discussing what options there is to fulfill those strategies. The team will be discussing the types of fictional consulting firms that will use the strengths of the team members
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because of the consequence that came with it‚ you never repeated it? About that emailing situation‚ I have never sent a mean email in 4 years. You’ve probably all heard the saying‚ "Those who do not learn history are doomed to repeat it." Why I brought this point up today is because of a recent change in George Washington University. They just barely made learning U.S. history optional for history majors. U.S. History is extremely important and it needs to be appreciated and taught. So first we will
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Sparta Alyssa Lane Deming High School It was a Tuesday in Sparta. The cars were bubbling‚ kids were crystal porting. I spotted my best friend Urina she is very rebellious just like me. I taught her everything she knows. She isn’t as hard to spot since her and I both have midnight black hair‚ everybody else’s’ hair is blonde. So it’s easier for us to stand out. The sky was filled with kids all around us. During the walk to school we passed by the Time square building. It’s the only
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The capital to labor MPK/MPL= w/r=12 These two ratios are not equal‚ the restaurant should change inputs. To make the ratios equal the restaurant should use more capital and less labor. This tells us that the capital is 12 times as productive and 10 times more costly. Question2 A competitive firm sells its product at a price of $0.10 per unit. Its total and marginal cost functions are: TC = 5 - 0.5*Q + 0.001*Q2 MC = -0.5 + 0.002*Q‚ where TC is total cost ($) and Q is output rate (units
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A. FIRM AND ITS OBJECTIVE: Conventional theory of firm assumes profit maximization is the sole objective of business firms. But recent researches on this issue reveal that the objectives the firms pursue are more than one. Some important objectives‚ other than profit maximization are: (a) Maximization of the sales revenue (b) Maximization of firm’s growth rate (c) Maximization of Managers utility function (d) Making satisfactory rate of Profit (e) Long run Survival of the firm (f) Entry-prevention
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Movie: The Firm Sydney Pollack’s film The Firm is a drama based on an desire to escape from the law firm (Berndini‚ Lambert‚ and Lock) from which he was hired. The relatively small but wealthy firm wines and dines the ambitious Harvard Law Graduate’s (played by Tom Cruise) with money and gifts in order to make him part of their team. Overwhelmed by the gracious treatment and substantial offer Mitch McDeere takes the offer to be part of the Firm. The firm gets them caught up in a affluent lifestyle
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together. It is the most amazing political document ever written and has lasted for more than 200 years. Even though there were provisions for change written into it‚ the Constitution has been a role model for almost every country that desires to have a firm Democratic system based on the rule of law. The United States Constitution is a healthy document which still serves our nation exceptionally well and does not need drastic change or revision. The world is not familiar with the type of government
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