Given the Information in the Table Below,find Inventory Investment for 2001

question 73

Short Answer

Given the information in the table below,find inventory investment for 2001.
$$\begin{array} { c c } \text { Date } & \text { Level of Inventory } \\\text { January } 1,2001 & \$ 450 \text { million } \\\text { July } 1,2001 & 460 \text { million } \\\text { December } 31,2001 & 445 \text { million }\end{array}$$

---

Definitions:

Purely Competitive

An economic setup distinguished by the presence of numerous small companies, an identical product, and extremely simple processes for entering or leaving the market.

Monopolistically Competitive

A market structure characterized by many firms selling similar but not identical products, allowing for some degree of market power.

Diseconomies of Scale

A situation where, as a company or production process increases in size, the cost per unit increases, usually due to inefficiencies.

Advertising Costs

Advertising costs are expenses incurred to promote products, services, or brands through various media channels.