Answer the following questions in your text and submit the answers and any supporting spreadsheets to the Week Four Dropbox.
• Application Question 3, page 194
• Application Question 4, page 229
Application Question 3, page 194
• Discuss how these facts are consistent with the model of perfect competition.
Application Question 4, page 229
• Discuss the role of consumer demand in influencing Parker Pen’s strategies.
• Do you think Parker will be able to maintain its market power in China? Explain.
