Which of the following is NOT a correct observation related to Porter's Five Forces?A. The threat of new entrants will result in high industry profits when barriers to entry are minimal, investment cost is low, products are homogenous, and the regulatory environment has little impact. B. Suppliers find themselves in a powerful position when the resource they supply is scarce or unique and the customers they provide supplies to are small. C. Intense competition within an industry will encourage firms to engage in price wars, invest in innovative and new products, and spend money on promotions, advertising and marketing. D. Buyers find themselves in a powerful position when the size of their orders is large, or if they find it easy and inexpensive to switch to alternative suppliers. E. The threat of substitutes exists when customers have low switching costs and the price of the substitute can match the price of the product offered.

Abenefit of using a debit or credit card instead of cash is that it provides a paper record of a purchase. looking at the purchases below, which one should be made using a credit or a debit card?

Arriving and delivering a load of company executives for a business meeting at a destination far from home base requiring an overnight stay, a company’s pilot requested approval from the company finance office to pay to either have the company’s jet brought into the fbo's hangar overnight to protect it from a forecast snowfall or to have it de-iced by the fbo the following morning well-before scheduled departure. the company was under considerable financial pressure at the time, and the pilot’s requests were denied because of the cost. so, early the following morning, the pilot was up on the wing of the jet sweeping off an accumulation of snow and ice with a borrowed push broom in preparation for the scheduled departure with the executives, but slipped and fell to the ground, suffering a broken neck. the business was organized as a limited partnership, owned by 3 limited partners and one general partner. as a cost-saving measure, the company had dropped its workers’ compensation insurance before the accident. analyze the potential liability for the pilot’s injuries of each of the following, showing your reasoning clearly: the company the general partner the limited partners analyze how the outcome would have been different, if the business had been organized as a corporation and observed all of the formalities to legitimize its corporate status. analyze how the outcome would have been different, if the pilot had been covered by workers’ compensation insurance.

Gary becker's controversial the economics of discrimination concludes that price discrimination has no effect on final profits. price discrimination benefits monopolies. labor discrimination in hiring results in more efficient allocations of production. discrimination in hiring practices has no effect on final profits. labor discrimination harms firms that practice it due to increased labor costs. price discrimination harms monopolies, which refutes over two centuries of economic theory.