Explain why an oligopolist (with few competitors) pays more attention to what its competitors are doing than a producer in a competitive market (with many competitors) does.

What impact would the following changes have on the security market line and therefore on the required return for a given level of risk? (b) Investors become less riskaverse.

What level of product dissatisfaction should a marketer be content with in trying to serve a particular target market? What characteristics contribute to dissatisfaction, regardless of the marketer's efforts?

Using the student body on your campus as a market segment, assess the perceived attributes of the Dyson bladeless fan, space flight, and cell phone-based GPS.

What are the major priorities associated with operations and supply chain strategy? For each major priority, describe the unique characteristics of the market niche with which it is most compatible

Determine whether the following promotes or deters competition within a market. Explain your answer.

• A critical input in the production process is owned by one fi rm.

If you are one of many vendors selling apples at a farmers' market and you want to increase revenues, should you raise your prices? Why or why not?

What are the three economic questions that every society must answer? Briefly discuss the differences in the way centrally planned, market, and mixed economies answer these questions.

There are 10 firms in an industry, and each firm has a market share of 10 percent. The industry’s Herfindahl index is:

a. 10. b. 100. c. 1,000. d. 10,000.

Which demographic shifts, if any, do you feel will have a notable influence on the market for green products in the next 10 years? Justify your answer.

Which demographic groups have the highest incidence of lung/bronchus cancer (in terms of race and sex)? Would this group be a good target market for CVS Caremark?

Which demographic shifts, if any, do you feel will have a notable impact on the market for internet shopping in the next 10 years? Justify your answer.

Read Eye on the Market for Used Cars and then explain how a warranty signals that a car isn’t a lemon and why it is in a used-car dealer’s selfinterest to offer a warranty.

Judy knows that her car is a lemon and offers it for sale. If the used­car market is working efficiently, will buyers know whether her car is a lemon? Why or why not?