Domestic producers of semiconductors send a lobbyist to the u. s. government to request that the government impose trade restrictions on imports of semiconductors. the lobbyist claims that the u. s. semiconductor industry is new and cannot currently compete with foreign firms. however, if trade restrictions were temporarily imposed on semiconductors, the domestic semiconductor industry could mature and adjust and would eventually be able to compete in the world market. which of the following justifications is the lobbyist using to argue for the trade restriction on semiconductors? (a) unfair-competition argument (b) using-protection-as-a-bargaining-ch ip argument (c) national-security argument (d) infant-industry argument (e) jobs argument

Google started as one of many internet search engines, amazon started as an online book seller, and ebay began as a site where people could sell used personal items in auctions. these firms have grown to be so large and dominant that they are facing antitrust scrutiny from competition regulators in the us and elsewhere. did these online giants grow by fairly beating competition, or did they use unfair advantages? are there any clouds on the horizon for these firms -- could they face diseconomies of scale or diseconomies of scope as they continue to grow? if so, what factors may limit their continued growth?

You are the owner of a local honda dealership. unlike other dealerships in the area, you take pride in your “no haggle” sales policy. last year, your dealership earned record profits of $1.5 million. however, according to the local chamber of commerce, your earnings were 10 percent less than either of your competitors. in your market, the price elasticity of demand for midsized honda automobiles is 4.5. in each of the last five years, your dealership has sold more midsized automobiles than any other honda dealership in the nation. this entitled your dealership to an additional 30 percent off the manufacturer’s suggested retail price (msrp) in each year. taking this into account, your marginal cost of a midsized automobile is $11,000. what price should you charge for a midsized automobile if you expect to maintain your record sales?

What are the advantages and disadvantages for an individual who accepts a job as a human resource manager in a firm that is in the midst of a retrenchment corporate strategy? a reactor business strategy?