In December 2010,Kansas Had a Severe Ice Storm That Caused

question 250

Multiple Choice

In December 2010,Kansas had a severe ice storm that caused electrical blackouts.The Fictitious Portable Generator firm of Lawrence had several portable generators that could be used by homeowners to provide electricity.Which of the following would be the fair-rules way to provide them?

• A) The government confiscates the generators owned by Fictitious and distributes them.
• B) Fictitious is forced by the state to rent the generators at half the normal rate.
• C) The state sets up a lottery to determine who rents the available generators at the normal rate.
• D) Fictitious rents generators at the equilibrium market price.
• E) Fictitious follows government commands about who gets to use the generators.

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Definitions:

BCG Matrix

A strategic planning tool that uses market growth rate and market share to categorize the business units or products of a corporation into four quadrants.

Attractiveness

The appeal or desirability of something, often used in marketing to describe how appealing a product, service, or brand is to its target audience.

Market Attractiveness

A measure of the potential profitability and opportunities within a particular market or industry segment.

Competitive Intensity

A measure of the degree of competition within a market or industry, often impacting pricing, innovation, and market share dynamics.