Answer the following questions in your text and submit the a
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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.
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