eith is setting up a new bar in his locality. He knows that there are only a handful of bars in the area where he wishes to conduct business. He locates his bar at one of the four corners at a busy intersection. The other three corners are occupied by a clothing outlet, a restaurant, and a library, respectively. Keith knows that his bar's location gives him a competitive advantage. In the context of the components of resource-based analysis, Keith is able to achieve competitive advantage because his product or service is .

Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry?

1) u.s. real gdp is substantially higher today than it was 60 years ago. what does this tell us, and what does it not tell us, about the well-being of u.s. residents? what are the limitations of the gdp as a measure of economic well-being? given the limitations, why is gdp usually regarded as the best single measure of a society’s economic well-being? 2) what is an intermediate good? how does an intermediate good differ from a final good? explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of gdp, but the value of intermediate goods produced and not sold is included directly as part of gdp.

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.