Describe the defenses to breach of contract actions
Assignment:
List the remedies available for non-breaching parties. Briefly describe these remedies. List and describe the defenses to breach of contract actions.
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List and describe in your own words the three types of consumer buying situations.
How is periodic interest determined for outstanding liabilities? For outstanding receivables?
Why are barriers to entry crucial to the success of a monopoly firm? Explain why all monopoly profits will show up as returns to the factor or factors.
How would you analyze the tax incidence question-that is, how would you show which economic actor pays most of the tax?
Describe some of the transactions costs that must be present if a monopoly is to be able to practice price discrimination successfully.
What is a natural monopoly? Why does electric power distribution or local telephone service have the characteristics of a natural monopoly?
Include examples from real world companies where possible and should enhance the importance of applying operations management.
Calculate the profit-maximizing price-quantity combination for the monopolist. Also calculate the monopolist's profits and consumer surplus.
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