2. The table below provides information regarding four companies and the corresponding products/services. Identify and briefly discuss the appropriate 'strategy' that each com- pany should adopt for the corresponding products as they contemplate extending their business to other countries/regions of the world.

Q: 2. Masood quit his job at the bank Muscat where he earned RO 50,000 a year to start his own…

A: Answer-

Q: . Discuss why a monopolistically competitive industry is considered "wasteful" of economic…

A: ANSWER   Lack of specialization: Under monopolistic competition, there is little scope for…

Q: four complementary social institutions

A: The four complementary social institutions required in economic coordination are described as…

Q: Instructions: Enter your answers as a whole number. a. Suppose that businesses buy a total of $140…

A: A) As per the inquiry, the given graph speaks to the two-area model of the economy with the business…

Q: Why is innovation so important for firms to compete in many industries?

A: Hi, thank you for the question. As per our Honor code, we are allowed to attempt only the first…

Q: Suppose a small economy integrates with a large economy in Krugmans model of monopolistic…

A: The Krugans model of monopolistic competition uses economics of scale, heterogeneous preferences and…

Q: 2. What are the main sources of new-product ideas? (from Chapter 9)

A: Main sources of new product ideas are as follows 1)Company employees They provide new innovative…

Q: 1. The assumed goal of firms in the marketplace is to: a maximize sales. b maximize revenue. c…

A: The way in which classification and differentiation of different are done which is being based upon…

Q: Question 3   “In the meat market in US, there are 4 major meat corporations which have been…

A: A market is made up of buyers and sellers who collectively determine the price of an item or…

Q: 1.Define ethical issue? 2.list the categories of unethical business activities as described in the…

A: There are several business organizations and firms established in an economy that have various…

Q: 4. Consider the case of global environmental problems that spill across international borders as a…

A: The benefits, cost & the total payoff can be mentioned as:

Q: Economics 1. How do firms in an oligopolistic market set their prices? Use specific examples

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Firm Market Share Nokia 36% Fujitsu 3% Kyocera 3% LG %9 16% Motorola Samsung 6% 4% Sanyo Siemens 7%…

A: since you have asked multiple question and according to our policy we will answer the first…

Q: 2. Explain the Three steps to execute proper implementation of any integration in detail. Imagine…

A: Business integration is a system whose objective is to synchronize data innovation (IT) and business…

Q: 3. what production efficiency means. In the long-run, Monopolistically competitive firms tend to…

A: Monopolistic competition is one of the most common market structure, there are large number of…

Q: 3. What strategies can small-scale producers adopt to compete with corporations that have very large…

A: Perfectly competitive market: In a perfectly competitive market there are many buyers and many…

Q: Using the Extended Service Mix, critically evaluate how Netflix has been successful in providing a…

A: This is a nitty-gritty investigation of the marketing blend of Netflix. It investigates the 7Ps  of…

Q: 11) Let's say three businesses decided to “collude" and form a cartel. This would be illegal in the…

A: If three business collude and form cartel, then they are making monopolist market structure due to…

Q: 2) Which of the following is(are) the attribute(s) of successful product development? O Time O…

A: Here we are given two multiple choice questions lets discuss each in detail one by one. [1] In first…

Q: 3. What is the marginal cost of producing the high-quality product? 4. What is the marginal cost of…

A: Price discrimination is the type of price charging policy of the firm. Firm does price…

Q: 4. Justify that inventions keep evolving in an episodic form. Explain its characteristics. How did…

A: Inventions-Generation of new ideas and things to make people's life even more productive and…

Q: 4. To assist in vertical integration decisions, you may apply the make-or-buy framework (which helps…

A: Businesses are always looking for methods to save costs while also improving the quality of their…

Q: 2. Masood quit his job at the bank Muscat where he earned RO 50,000 a year to start his own…

A: Accounting profit is profit after reducing the explicit cost from total revenue , it is also known…

Q: In the long run, firms operating in perfect competition and monopolistic competition will tend to…

A: A long run is a time where all the inputs are variable and the time can be an hour to some year as…

Q: xplain the difference between and the economic relevance of fixed costs, sunk costs, variable costs,…

A: a. 1) Fixed Cost- FC remains same irrespective of the amount produced. It is not related to the…

Q: In which market structure might uniqueness be the most important? Why? In which market structure…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Explain why Oligopolistic market decisions are more difficult compare to other market structures?…

A: It is true to say that oligopoly market structure has relatively difficult to understand as compared…

Q: 2.The capability of a company to produce or increase output when resources are added is called…

A: "Since you have posted a question with multiple sub-parts and asked to answer from 2-6, we will…

Q: 5. Your aunt is thinking about opening a hardware store. She estimates that it would cost $500 000…

A: a.Opportunity cost is the value of the next best alternative that we foregone while making a…

Q: What is the concentration ratio?

A: The four-firm concentration ratio is the sum of total sales market shares of the top four firms in…

Q: Compare and contrast the oligopoly and monopolistic competition market structures

A: Meaning of Monopolistic Competition: The term monopolistic competition refers to the situation…

Q: 2.Please explain what is a cluster of firms and what are the main economic advantages for those…

A: Answer to the question is as follows;

Q: 1. Which of the following is a tool a company's understanding of its position relative to other…

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: How does the buddhist concept of "mindfulness" relate to the austrian school of economics idea of…

A: Economics can be defined as the allocation of scarce resources in order to satisfy the consumer…

Q: 2. Briefly explain four ways in which sellers can convince buyers that they are offering a product…

A: Following below mentioned are the four techniques to persuade a consumer that your product is of…

Q: 3. Within the context of cellphone, justify that innovation diffuses in the society as a series of…

A: Once an innovative product is introduced n the market, all customers that notice them relevant don't…

Q: Explain the differences in the nature and source of innovation rents and economic rents earned by…

A: Economic rents got to not be mistaken for normal pay or excesses that emerge inside the course of…