1. Can someone please answer any pat of this question according to the FAIR test?
2. How can a new business stay abreast of new developments in the industry?
3. What were BYD’s operations objectives and how did these change?
4. Explain the difference between a Franchise Fee and an Impact Fee discussing one advantage of each policy mechanism.
5. Producers 1 and 2 compete as substitutes in product space. How would producer 1 rank the following scenarios, best to worst? Use a graph to discuss why.
i. Producer 1 has a patent with broad breadth and its competitor has a narrow patent.
ii. Producer 1 has a patent with narrow breadth and its competitor a narrow patent.
iii. Producer 1 has a patent with narrow breadth and its competitor has no patent.
iv. Producer 1 has a patent with broad breadth and its competitor has no patent.