Your Assignment, Part I Imagine you have decided to start a business. This is your opportunity to select a
business endeavor that interests you and engage in the marketing process. Choose
wisely because you will work on building this business not only in this project, but
also in the projects for Units 3 and 4. You should answer all questions in a separate
document that you will hand in to your teacher.
First, think about the type of business you want to create. Will this business offer
mainly goods, services, or a combination of both? Here is a list of ideas to get you
started:
.
• Restaurant or catering company
Company that sells specialty goods, such as sporting goods or electronic
devices
Service-oriented company, such as dog-walking, web design, or tutoring

The sarbanes-oxley act was passed to question 6 options: prevent fraud at public companies. replace all of the old accounting procedures with new ones. improve the accuracy of the company's financial reporting. both a and c

1. consider a two-firm industry. firm 1 (the incumbent) chooses a level of output qı. firm 2 (the potential entrant) observes qı and then chooses its level of output q2. the demand for the product is p 100 q, where q is the total output sold by the two firms which equals qi +q2. assume that the marginal cost of each firm is zero. a) find the subgame perfect equilibrium levels of qi and q2 keeping in mind that firm 1 chooses qi first and firm 2 observes qi and chooses its q2. find the profits of the two firms-n1 and t2- in the subgame perfect equilibrium. how do these numbers differ from the cournot equilibrium? b) for what level of qi would firm 2 be deterred from entering? would a rational firm 1 have an incentive to choose this level of qi? which entry condition does this market have: blockaded, deterred, or accommodated? now suppose that firm 2 has to incur a fixed cost of entry, f> 0. c) for what values of f will entry be blockaded? d) find out the entry deterring level of q, denoted by q1', a expression for firm l's profit, when entry is deterred, as a function of f. for what values of f would firm 1 use an entry deterring strategy?

Which type of unemployment would increase if workers lost their jobs because their positions were replaced by an automated process? a) cyclical b) frictional c) international d) structural