Discuss One Advantage and One Disadvantage of the Use of Home-Country

question 107

Essay

Discuss one advantage and one disadvantage of the use of home-country nationals,parent-country nationals,and third-country nationals.

Recognize the role of economic profits in signaling entry or exit of firms in the industry.

Relate the influence of number of firms, product differentiation, and market entry barriers on the market outcomes in monopolistically competitive markets.

Understand profit-maximizing output levels for a firm based on demand and cost data.

Analyze the impact of firm entry or exit on a firm's economic profits within monopolistic competition.