Question
PLEASE ANSWER WITH A DETAILED ANSWER AND A GRAPH PROVING AN ANSWER g. You are the CEO of Philip Morris. The FDA announces that cigarettes
PLEASE ANSWER WITH A DETAILED ANSWER AND A GRAPH PROVING AN ANSWER
g. You are the CEO of Philip Morris. The FDA announces that cigarettes are unhealthy. Analyze the market for cigarettes. What could you do to increase profitability given the news?
h. You are the CEO of Toyota. Your engineers have just developed a new robot that reduced the costs involved with manufacturing a new car by 10%. The robot is not available to your competitors. Analyze the car sales market. Remember to differentiate between your supply and supply by other firms and show how each is affected as well as what happened to total quantity, price, and your market share. Hint - remember that market supply is the sum of your supply and your competitors' supply.
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