Answer:
Perfect Competition
Explanation:
Perfect competition is a market characterized by many buyers and sellers that have full information and faces no barrier in entry and exit of the markets. It is the ideal form of market structure where competition is at is greatest possible value. The numerous buyers and sellers are engaged in trade of a homogeneous good in the market. It is also characterized by no long run economic profit and no control over prices.
Answer:
Predatory pricing.
Explanation:
Predatory pricing is a strategy that is used by firms to gain customers, create barrier of entry from a market, or to drive competition out of the market. The firm prices it's products very low so that competitors cannot afford to sell at the same price.
This results in competitors going out of business. The result of predatory pricing is that there are few firms left in the industry, or there is establishment of a monopoly.
Answer:
He stated that most United states companies that are blue-chip will be the first to suffer the effects from a trade war.
Explanation:
Solution
Mr. Wadhwa came in terms with Andy Grove not fully as he did not find the protectionist trade war as acceptable.
He stated that it will greatly affects those firms who got their sales majorly from abroad. although, he favored need of more job creation in the United States.
Mr. Wadhwa’s main issue was that going for protectionist trade, where products which are produced off-shore and then transported to United States will be forced to pay more taxes, this will have a negative effect over existing large Blue chip organizations or firms.
Hence, he suggested to focus more over mid-career entrepreneurship.
Answer:
3 years
Explanation:
The cash payback period measures how long it takes for the amount invested in a project to be recouped from cumulative cash flows.
Explanations on how the payback period is calculated can be found in the attached image.
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