Emma recently acquired a company operating in an industry th…

Emma recently acquired a company operating in an industry that has low competition and low threat of substitutes. Also, the chances of another company entering the industry is low because initial capital requirements are high. The industry has multiple suppliers and many buyers willing to pay for its products. Do you think that Emma will be profitable with her new company in this industry, and why or why not?

You consider opening a new frozen yogurt cafe in Kokomo. The…

You consider opening a new frozen yogurt cafe in Kokomo. There are no ice cream shops for miles, and not a single other frozen yogurt shop in the state. In addition, the local grocery store has a very limited selection of frozen desserts. What is most LIKELY the driving force behind your decision?

BONUS: In one task, subjects are asked to look at words for…

BONUS: In one task, subjects are asked to look at words for 100ms and detect if they contain the letter ‘a’. On average, subjects’ success rate in this task is 0.6. In another task, subjects smell a fragrance and need to decide if it is pleasant or not. On average, subjects’ success rate in this task is 1. When subjects perform these two tasks at the same time, which of the following would be the most typical AOC curve: