Business Brief 4

J Copyright © McGraw-Hill Education. Permission is granted to reproduce for classroom use. NAME DATE CLASS Math Practice for Economics Comparing Prices among Competitors networks Background information: The candy industry in the United States could be defined as an oligopoly because just three companies make 99.4% of snack size chocolates. The big three companies are Hershey's, Mars, and Nestle. All three companies use much of the same ingredients, so how do they compete against one another? This is primarily done through price. Directions: The two tables below show what a snack size chocolate costs from the various candy makers, big and small. Read the table below. Then, answer the following questions using the information in the table. 110 ct bag $18.12 = 16 cents each Walmart Amazon Hershey's 215 ct. bag $13.88 = 6 cents each 100 ct. bag $12.81 = 13 cents each Mars 230 ct. bag $13.88 = 6 cents each Nestle 70 ct. bag $8.98 = 13 cents each 55 pc. Bag $17.96 = 33 cents each Candy…

Q3 solution needed  company: Amazon 1) Choose one product and identify its market structure among a perfectly competitive, monopoly, monopolistically competitive, and oligopoly and explain why.    Product:   Perfectly competitive: Monopoly: Monopolistically competitive: Oligopoly: 2) Choose one company for your product and describe its history and at least three unique characteristics of that company.    The company for my product that I have chosen is ________. _____’s notable historical moments include ________. Three unique characteristics of _______ include _______.   3) Show and describe historical data on its quantities produced (sales), its price, and its revenue at least 10 years.

Question 16 Which one of the following statements is correct? a) Under monopolistic competition, marginal revenue b) Under monopolistic competition, marginal revenue c) Under monopolistic competition, marginal revenue d) Under oligopoly, marginal revenue is equal to avera

II. Problem 1. Tennis Products, Inc., produces three models of high-quality tennis rackets. The following table contains recent information on the sales, costs, and profitability of the three models: Average Quantity Sold (Units/Month) 15,000 5,000 10,000 Variable, Cost per Contribution Current Price Total Margin Per Unit Contribution Model Revenue Unit Margin* $225,000 85,000 250,000 $560,000 A $30 $450,000 175,000 450,000 $1,075,000 $15 $15 B 35 18 17 C 45 20 25 Total * Contribution to fixed costs and profits. The company is considering lowering the price of Model A to $27 in an effort to inçrease the number of units sold. Based on the results of price changes that have been instituted in the past, Tennis Products' chief economist estimates the arc price elasticity of demand to be -2.5. Furthermore, she estimates the arc cross elasticity of demand between Model A and Model B to be approximately 0.5 and between Model A and Model C to be approximately 0.2. Variable costs per unit are…

COURSE:  MICROECONOMICS LEVEL 2 COURSE: MICROECONOMICS LEVEL 2 Consider a company A operating in an oligopoly which has a market share of 20% and a unit cost of $50. It currently sells at a price (P) of $52.9 with a price elasticity of demand of -3.5. This company will merge with company D, so that market share will reach 50%. Estimate impact of this operation on selling price under 2 scenarios:(a) With economies of scale, given the merger. Cost reduction of 15%.b) Without economies of scale, constant cost of 50%.c) How much does market power of merged company change, considering with and without economies of scale?

Importance of a multichannel strategy for internal and external communications coca cola’s products and services

To be branded in an emerging market products must be differentiated. Discuss the strategies that Dominoes adopted in India; and suggest other product differentiation factors that they can use to set them apart from their competitors. (marketing question)

Demonstrate conceptual understanding of the rapidly evolving social media and Internet marketing and their importance to the marketing communication mix.

Question 2: Monopolistic and Oligopoly firms     Question 1 Use the graph below to explain the output, profit and loss conditions for monopolistically competitive firms. Show your work where appropriate in reference to the Graph.   Firm Lan T-shirt monopolistic competitive firm     With examples, examine the barriers to business entry for imperfect competition firms               1 HI5003 Economics for Business:  First Tutorial Submission Question, T1 2020   Assessment Question Week 8:   Marco-economics:  Measuring the size of the economy   Question 2   The table below is extracted from Goodland Republic Bureau of Statistics records for 2016 -2017. Use the information to answer the questions that follow.   Goodland Economy 2013 and 2018         Examine the status of the economic welfare in Goodland Republic in 2018 based on your GDP deflator, nominal GDP and Real GDP. Also, explain the reasons why it is necessary to calculate real GDP. Show your work.   Assessment Question…

Economics As you read in the articles for Chapter 11, several brands are replacing their brand mascots. In 2021, the well-known Aunt Jemima brand transitioned into Pearl Milling Company. Why do you think it took so long for Pepsico to change the brand's name and image? How are consumers responding? Do you think the new name was well- chosen? Why or why not (be sure to use

Problem 10-49U Overall: ( /10) On the graph paper included on the following page, draw a graph that contrasts monopoly and perfect competition in terms of profit-maximizing price and output. Only a single graph should be drawn here with both concepts graphed together on the same graph.

Microeconomics 2463 Assignment Part 1 - Chapter 15 The market for toothpaste is a monopolistically competitive market. The graph below depicts the demand and marginal revenue curves for this market and the marginal cost and average total cost curves of a monopolistically competitive supplier. Price $10.50 $9.00 $7.50 $6.00 $4.50 $3.00 $1.50 b. Price at the Q in a. c. TR (PxQ) 20 d. TC (ATC x Q) e. Profit (TR-TC) 40 Name MR 60 1 Using the above chart, identify the profit-maximizing quantity of toothpaste that the monopolistically competitive firm should produce, and the per-tube price that it should charge. a. Quantity (chart is in thousands) .MC. ATC: Demand 120 140 80 100 Quantity (thousands of tubes) f. What will happen in this industry in the long-run based on profits in part e? g. What will happen to the demand curve for this particular firm in the long-run based on part f?

FRONT PAGE Pricing Disney+ Disney decided it wanted to provide streaming services directly to customers, rather than renting its library of films and television shows to other streaming services like Netflix. But how successful would a streaming service be? In other words, what did the demand for a "Disney+" streaming service look like? Disney knew that the number of subscribers would depend not just on the attractiveness of the Disney archives, but also on the subscription price. After doing some market research, Disney decided to launch Disney+ at a price of $6.99 a month (or $69.99 per year). When Disney+ was launched on November 12, 2019, 10 million people signed up on the first day-a resounding success! Source: News reports, October-December 2019. Suppose Disney+ changes its monthly subscription price from $7 to $9 per month. Graphically show the impact of this price change in the following markets: a. Popcorn, pizza, and other movie snacks

What are the typical orientation of the markets and audiences for new online media producers?

ICE (Dollars per scooter) 3. How short-run profit or losses induce entry or exit Citrus Scooters is a company that manufactures electric scooters in a monopolistically competitive market. The following graph shows the demand curve, marginal revenue curve (MR), marginal cost curve (MC), and average total cost curve (ATC) for Citrus. Place the black point (plus symbol) on the graph to indicate the short-run profit-maximizing price and quantity for this monopolistically competitive company. Then, use the green rectangle (triangle symbols) to shade the area representing the company's profit or loss 500 450 400 360 200 250 200 150 400 50 MC- ATC MR Demand 150 200 250 300 360 400 450 500 QUANTITY (Scooters) + Monopolistically Competitive Outcome Profit or Loss (?) Given the profit-maximizing choice of output and price, Citrus Scooters is earning sellers in the industry relative to the long-run equilibrium amount. Now consider the long run in which scooter manufacturers are free to enter and…

Scenario: You have been invited for a job interview to Armenian Tobacco, a company producing and selling cigarette products in Armenia and abroad. Before going to interview you discussed it with your friends and you all agreed that the cigarettes' market structure can be considered as monopolistically competitive. Upon arriving to the interview you receive a short questionnaire, as follows: Armenian Tobacco is developing its strategy for the next few years, and among others we would like to know your opinion about the following points: 1) We would like to increase our advertising expenditures abroad as we believe it will enable us to gain more market share in our overseas operations. What is your opinion about advertising expenditures and their economic purpose? 2) There is a certain threat that in the future the World Health Organization will make all the countries to remove any labeling from cigarette boxes – all the boxes of all cigarettes area going to be the same without any…

Topic: Canadian Oligopoly/Monopoly Throughout Canada's history there have been many Oligopoly and Monopoly players - your assignment is to find an example of one, tell me what justifies classifying them as such and give me a brief history of their rise (and fall if such event has happened - there are some good ones out there). The tools you need to analyse this question can be found in the second half of your textbook and there are plenty of places to start online with this assignment 1. My expectation is that you will look at it from an Economics perspective to understand and explain it. 2. Write this assignment as if the person reading it has never taken an Economics course before so make sure to explain what you are presenting. A complete citation/reference list is expected to be done according to the most recent APA standards for any material you use. Do not include any information from Wikipedia, using Wikipedia will result in a 10% penalty. Do not submit any work generated by A.…

PART 1: MARKET STRUCTURE & COMPETITION IN AUSTRALIA   In 2019, the Australian Competition Consumer Commission (ACCC) launched Federal Court proceedings against BlueScope Steel Limited (BlueScope) and its former general manager sales and marketing for alleged cartel conduct in relation to the supply of flat steel products.  The Federal Court found the company and its former general manager guilty of price-fixing and cartel conduct.   Questions 1.1 Research and write up the background on this case study in no more than 300 words.  Identify and describe the market structure for flat steel products that BlueScope Steel Limited (BlueScope) have been operating in Australia.  1.2 Conduct an economic analysis on the ACCC’s concerns and rationale behind its decision to launch legal action against BlueScope Steel Limited (BlueScope).  Evaluate and discuss ACCC’s concerns and rationale in terms of market structure, competition policy, firm behaviour, consumer surplus, producer surplus,…

Provide an overview of online marketing tactics and partnerships, including business-to-business (B2B) and consumer-to-business (B2C) options.

Why does Pinterest see Google as its biggest competitor? Why does Pinterest prioritize the smartphone platform while developing new features and products?

the annual global market share of Pepsi and Coke for the last five years on average. COKE 49.6 PEPSI 46.2 OTHERS 4.2Under what market structure do Pepsi and Coke operate? How can you explain the pricing behavior of Pepsi and Coke? Given the obvious market share of both Pepsi and Coke, on what grounds would you justify the multi-billion-dollar annual advertising spending by those two companies?Best

212592/variants/1301916/take/7/ Question 15 Listen Which of the following describes a unique value proposition of an ice cream business? A Scoopy's will offer the only fluffy waffle cone in Dallas. B C D Scoopy's will be located in the downtown area of Dallas. Scoopy's will offer five different flavors of ice cream. Scoopy's will offer a 50 percent discount when buying two cones. 13 of 18 Total Questions Answered * £ ✰ ✰ All Changes Saved V ( □ *** ANN Continue 10/

nd QUESTION 1 ication Match each of the terms to their description: esources Market Structure A. many firms sell identical products B. many firms sell similar, but not identical, products C. one firm sells a unique product D. a small number of firms control a market Perfect Competition Monopoly Monopolistic Competition the specific industry conditions that define the type of E. model Oligopoly

(Figure: The Market for Designer Boots in Monopolistic Competition IV) Use Figure: The Market for Designer Boots in Monopolistic Competition. A positive economic profit will be earned if the profit-maximizing price is in panel Price, cost XXX G; (A) H; (B) (a) O I; (C) O F; (A) ATC Quantity (per period) Price, (b) cost ATC Quantity (per period) Price, (c) cost ATC Quantity (per period)

Price Graph(a) Price Graph(b) Quantity Quantity Price Graph(c) Price Graph(d) Quantity Quantity Refer to Figure#3. With respect to a monopolistically competitive industry, which of the diagrams illustrates the impact of the leaving market of the existing firms which earn negative profit?

Case summary: Professor W distributed copies of a section from business law text book to his students while he delivered a lecture about business torts at the University. Daughter of one of the textbook authors, present at the seminar, told her father, who in turn filed a suit against Professor W for copyright infringement. To find: Infringement of the copyright and the result of the case.