Microeconomics
Microeconomics
2nd Edition
ISBN: 9781259813337
Author: KARLAN, Dean S., Morduch, Jonathan
Publisher: Mcgraw-hill Education,
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Chapter 1, Problem 9PA
To determine

To find why others have not taken advantage of a "long-distance car service" idea.

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Your best friend has an idea for a long-distancecar service to drive people across the country.Indicate the best explanation for why others havenot taken advantage of her idea: true innovation, market failure, intervention, unprofitable.
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You are considering opening a pizza restaurant in your town. Describe the production process that you envision taking place to deliver a fully cooked pizza to a customer. What components would be in the supply chain? What production process would you use? What kind of quality controls need to be in place?
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