You Are the Manager of a Firm in a New

question 104

Essay

You are the manager of a firm in a new industry.You have gotten the jump on the only other producer in the market.You know what your competitor's cost function is, and it knows yours.Your products, although different to experts, are indistinguishable to the average consumer.Your marketing research team has provided you with the following market demand curve:

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Definitions:

Korematsu V. United States

1944 Supreme Court case that found Executive Order 9066 to be constitutional. Fred Korematsu, an American-born citizen of Japanese descent, defied the military order that banned all persons of Japanese ancestry from designated western coastal areas. The Court upheld Korematsu’s arrest and internment.

Japanese Internment

The forced relocation and incarceration of Japanese Americans and Japanese nationals in camps during World War II by the United States government.

Loyalty Oaths

Pledges or statements affirming allegiance to a government or country, often required by employers, especially in periods of political scrutiny or conflict.

Japanese-American Internment

Policy adopted by the Roosevelt administration in 1942 under which 110,000 persons of Japanese descent, most of them American citizens, were removed from the West Coast and forced to spend most of World War II in internment camps; it was the largest violation of American civil liberties in the twentieth century.