Answer:
(ii) economic profits are zero
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
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Answer A
Explanation im sure because i got a 100 on my test
Answer:
superior customer service.
Explanation:
The value driver for GiftBasket is its superior customer service. This is because they are providing services alongside their product to make the buying experience for the customer both unique and extremely positive. These are services that the competitors are apparently not offering and therefore outweigh's the increased price for the product while still making it worth buying for the customers. These services include, customer support, fast delivery, returns, etc.
Determining if you may persuade neighborhood devices to conform to worldwide standards is a part of the management and business manner size for developing a global information systems architecture.
A worldwide statistics structures architecture consists of the fundamental records structures required via businesses to coordinate international change and other activities. Hewlett-Packard and other electronics agencies assign distribution and manufacturing of excessive-stop merchandise to a number of one-of-a-kinds international locations.
Facts Bimprovement should encompass five steps, which include making plans and design segment, Operational analysis phase, requirements evaluation segment, function evaluation section, and physical Synthesis phase.
3 primary classes of information structures serve exclusive organizational levels: operational-level systems, control-degree structures, and strategic-level structures.
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The Stackelberg solution can be used to find the perfect or stable Nash equilibrium or equilibria.
<h3>What is this equilibrium about?</h3>
Other answers:
Based on the above, Note that the strategy profile is one where one serves best each player, and based on the strategies of the other player and it covers the fact that all player playing in a Nash equilibrium must be in every subgame.
Note also that The Stackelberg leadership model is said to be a kind off strategic game that is played in economics where the leader firm is known to moves first and then the follower firms is said to then move in a sequential manner and I think, the solution do not change if stackelberg game is considered in the long run.
I believe that the stackelberg leader will not collude with the stackelberg follower but in a lot of cases, there may be a collusion.
Yes, a Stackelberg leader can be more likely or less likely to merge with the follower firm as a merger can be profitable to them.
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