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How Do Product Development and Marketing Affect a Firm in Monopolistic

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How do product development and marketing affect a firm in monopolistic competition?

Utilize the internal rate of return (IRR) method for evaluating investment opportunities and compare it to the company's desired rate of return.
Analyze and appraise capital investments using the concept of the time value of money.
Distinguish between qualitative and quantitative factors in capital investment analysis and decision-making.
Understand and apply various methods used in capital rationing and investment proposal evaluation.

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