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ControlSoft, Inc. is a supplier of inventory economics – RoyalCustomEssays

ControlSoft, Inc. is a supplier of inventory economics

Grantham BA206 week 5
August 7, 2018
The microeconomic environment of corporate -eco
August 7, 2018

Question Detail:ControlSoft, Inc. is a supplier of inventory management and control software that is popular with companies in the US. The company has retained a consulting firm to provide advice concerning demand and supply conditions in the industry. Using government data, the consultant estimates market supply and demand conditions as follows: Qs = 4000P and Qd = 1,500,000 – 2000P.a) Assuming the industry is perfectly competitive, calculate the domestic equilibrium price and output combination.b) Now assume that ControlSoft lobbies for and obtains import restrictions

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