Patrick Zuliani is the founder and CEO of Zuliani Telecom, a publicly traded cell phone service provider that is about to start offering service in remote areas across Canada (see grey area in figure 1) following the approval of their application to the Canadian Radio-television and Telecommunications Commission (CRTC). The CRTC was willing to fast-track the approval for Zuliani Telecom to enter these markets as there is often only one provider of wireless mobile in these areas and rural Candians have been complaining about high prices and poor customer service. The CRTC has not yet granted them access to any of the densely populated urban areas of Canada (see vellow area figure 1).
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- FIRSTRAND BANK, WESBANK AND TFS REFERRED TO COMPETITION TRIBUNALFOR COLLUSIONJOHANNESBURG - The Competition Commission said that it had referred FirstRand Bank, WesBank andToyota Financial Services (TFS) South Africa to the Competition Tribunal for collusion. An investigation by the commission has found that WesBank and TFS agreed to divide markets by allocatingcustomers or suppliers in the market for provision of vehicle finance, which is anti-competitive behaviour.The companies also agreed to stop WesBank from offering financing for some Toyota models for people whowanted to buy them from authorised Toyota dealerships. The actions above taken by the Competition Commission… a) …are an example of government failure aimed at ensuring market failure.b) …are an example of market failure aimed at ensuring an efficient allocation of resources.c) …are an example of government intervention aimed at an efficient allocation of resources.d) …are an example of government intervention aimed at…Cesar Rego Computers, a Mississippi chain of computerhardware and software retail outlets, supplies both educationaland commercial customers with memory and storagedevices. It currently faces the following ordering decision relatingto purchases of very high-density disks:D = 36,000 diskss = $25I = 20%Purchase price = $0.85Discount price = $0.82Quantity needed to qualify for the discount = 6,000 disksShould the discount be taken?ANSWER ALL QUESTIONS 1,2 and 3 Sainsbury's-ASDA merger blocked by the regulator (Competition and Markets Authority) (CMA) 1) Do you think the reasons for a merger between ASDA and Sainsbury mentioned in the news are justifiable? Why did the supermarkets want to merge? The deal would have created the UK's biggest supermarket chain, accounting for £1 in every £3 spent on groceries. Sainsbury's and Asda had said the planned tie-up would have cut their costs, allowing them to lower prices for consumers across the UK. Analysts also believed it was designed to help the two supermarkets counter the rise of discounters Aldi and Lidl in the increasingly competitive grocery market. 2) The CMA provides economic justifications to the merger block by regulators in the UK. Do you think the justifications are reasonable? Why was the CMA concerned? But the CMA, which had previously raised concerns about the deal, said the merger would lessen competition at both a national and local level. Sainsbury's…
- Sainsbury's-ASDA merger blocked by the regulator (Competition and Markets Authority) (CMA) 1) What type of market or industry are both supermarkets? Justify your answer clearly. 2) Do you think the reasons for a merger between ASDA and Sainsbury mentioned in the news are justifiable? Why did the supermarkets want to merge? The deal would have created the UK's biggest supermarket chain, accounting for £1 in every £3 spent on groceries. Sainsbury's and Asda had said the planned tie-up would have cut their costs, allowing them to lower prices for consumers across the UK. Analysts also believed it was designed to help the two supermarkets counter the rise of discounters Aldi and Lidl in the increasingly competitive grocery market. 3) The CMA provides economic justifications to the merger block by regulators in the UK. Do you think the justifications are reasonable? Why was the CMA concerned? But the CMA, which had previously raised concerns about the deal, said the merger would lessen…1. Eastman Publishing Company is considering publishing an electronic textbook about spreadsheet applications for business. The fixed cost of manuscript preparation, textbook design, and web site construction is estimated to be $160,000. Variable processing costs are estimated to be $6 per book. The publisher plans to sell single-user access to the book for $46. a. Build a spreadsheet model to calculate the profit/loss for a given demand. What profit can be anticipated with a demand of 3,500 copies?b. Use a data table to vary demand from 1,000 to 6,000 in increments of 200 to assess the sensitivity of profit to demand.c. Use Goal Seek to determine the access price per copy that the publisher must charge to break even with a demand of 3,500 copies. d. Consider the following scenarios: Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Variable Cost/Book $6 $8 $12 $10 $11 Access Price $46 $50 $40 $50 $60 Demand 2,500 1,000 6,000 5,000 2,000 For each of these scenarios,…Pre-mixed concrete is an important input for the construction industry. Concrete cannotbe stored or transported over long distances as it begins to set after only a few hours. Forthis reason, only the three local firms—Aggregate Inc., Big Industries and ConCorp—arein a position to compete in the market. Moreover, the capital and regulatory requirementsfor constructing a new concrete plant are substantial, creating an effective barrier to entry.Pre-mixed concrete is regarded as a homogeneous good by the construction industry.Inverse demand in the market has been estimated to be,P = 600 −Q/50,where P represents the price of a cubic metre of concrete in dollars, and Q is the totalnumber of cubic metres of concrete supplied into the market on a given day.At present the three firms appear have identical production costs, with each firm facingfixed costs of $400,000 per day and a marginal cost of $180 per cubic metre.Big Industries and ConCorp estimate that the proposed merger would reduce…
- Exotic Metals, Inc., a leading manufacturer of beryllium, which is used in many electronic products, estimates the following demand schedule for its product. Find the total revenue and marginal revenue schedules for the firm and complete the following table. Price Quantity Total Revenue Marginal Revenue ($/Pound) (Pound/Period) ($/Period) ($/Period) 25 0 0 18 1,000 18,000 18.00 16 2,000 14 3,000 12 4,000 10 5,000 8 6,000 6 7,000 4 8,000 2 9,000 Fixed costs of manufacturing beryllium are $14,000 per period. The firm’s variable cost schedule is as follows: Determine the average total cost and marginal cost schedules for the firm and complete the following table. Output Variable Cost Total Cost Marginal Cost (Pound/Period) (Per Pound) ($/Period) ($/Period) 0 0 0 1,000 10.00 24,000 24.00 2,000 8.50 3,000 7.33 4,000…Can you answer me as soon as possible , urgentttttt!!!!!!!!!!! Bodyguard Ltd. was established in Hong Kong in 2020. It produces surgical masks sold to retailers, like personal cares stores, in Hong Kong. With its unique Chinese pattern printed on the masks, it also sells good in North America and Canada since 2021. Bodyguard adopts standardized marketing strategy worldwide. Recently, Bodyguard would enter into a contract with a vendor in Vietnam to expand its production capacity. However, Bodyguard’s managers have heard reports that the vendor operates factories with sweatshop conditions, which is not acceptable in Hong Kong. Employment in sweatshops provides a source of income for women in Vietnam, who can earn more wages than in many other jobs, which bring them food, nutrition and education for their children. Sweatshop is a preferred working place of Vietnamese. (c) Explain the TWO approaches in handling ethical dilemma – relativism and normativism. What would be the ethical…3. The accounting department head of MOOG Controls Phils. has asked his financial manager to provide a pro forma statoment of the company's "value" under a variety of prospective expansion scenarios, with the assumption that the company's many divisions will always be a single entily. The company's manager Is concerned because, despite the fact that the company's competitors are few, their yearly sales growth has topped 60% in each of the last five years. The accounting department head advised that the valuation estimates be based on the company's profits of Php5.2 billon (which have yet to be paid out to investors) and the average interest rate over the past 20 years (7 percent) in each of the following profit growth scenarios: A. 5.5% annual growth rate of profits. B. 2.8% annual growth rate of profits. C. 0% annual growth rate of profits. D. 10.25% annual growth rate of profits.
- (a) Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $4.3 billion. Prior to the merger, the market for four-wheel-drive tractors consisted of five firms. The market was highly concentrated, with a Herfindahl- Hirschman index of 2,765. Case's share of that market was 22 percent, while Fiat comprised just 12 percent of the market. If approved, by how much would the postmerger Herfindahl-Hirschman index increase?13. Gouge-em Cable Company is the only cable television and Internet service company licensed to operate in Backwater County. Most of its costs are access fees and maintenance expenses. These fixed costs total $6,400,000 monthly. The marginal cost of adding another subscriber to its system is constant at $20 per month. Gouge-em's demand curve can be determined from the data in the accompanying table. NUMBER OF SUBSCRIBERS Subscription Price (PER MONTH) $250 20,000 200 40,000 150 60,000 100 80,000 50 100,000 10 150,000Problem 07-16 (algo) Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $4.3 billion. Prior to the merger, the market for four-wheel-drive tractors consisted of five firms. The market was highly concentrated, with a Herfindahl-Hirschman index of 3,100. Case's share of that market was 20 percent, while Fiat comprised just 14 percent of the market. If approved, by how much would the postmerger Herfindahl-Hirschman index increase? Based only on this information, is the Justice Department likely to challenge the merger according to the Horizontal Merger Guidelines? No Yes O Possibly - but other factors will be considered