BUSI510 Week 4 Assignment

Answer the following questions in your text and submit the answers and any supporting spreadsheets to the Week Four Dropbox.

• Application Question 3, page 194
• Application Question 4, page 229

Application Question 3, page 194

· Discuss how these facts are consistent with the model of perfect competition.

Application Question 4, page 229

· Discuss the role of consumer demand in influencing Parker Pen’s strategies.

· Do you think Parker will be able to maintain its market power in China? Explain.