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Economics

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2. Select a competitive industry from one of the following emerging markets: Brazil, Chile, Colombia, Czech Republic, Egypt, Greece, Hungary, Indonesia, Malaysia, Mexico, Morocco, Qatar, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Turkey or the United Arab Emirates. Give an industry snapshot describing the competitive natures, including the difficulty of foreign businesses to enter. a. Select a corporation from any European Union country operating in the same industry that has a successful shot at entering that market via acquisition, venture or standard international expansion.

3 - Bartech, Inc. is a firm operating in a competitive market. The manager of Bartech forecasts product price to be $28 in 2021. Bartech's average variable cost function is estimated to be AVC=10-0.003Q+0.0000005Q2 Bartech expects to face fixed costs of $12,000 in 2021. At what level of output will Bartech's average variable cost reach its minimum value? a) 2.000 units ) 3.000 units C) 4.000 units d 5.000 units