The CPU manufacturing industry has long been dominated by two large computer chip manufacturers, Intel and AMD. Recently, the demand for CPUs is low, and Intel and AMD aggressively compete for orders from computer makers such as Dell and HP. What effect will these conditions have on the CPU manufacturing industry? Select one:

a. It will make the industry less attractive because of decreased power against buyers.
b. It will make the industry more attractive because of decreased power of buyers.
c. It will make the industry more attractive because of increased power of buyers.
d. It will make the industry less attractive because of increased power against buyers.

1.     regarding general guidelines for the preparation of successful soups, which of the following statements is true? a. thick soups made with starchy vegetables may thin during storage. b. soups should be seasoned throughout the cooking process. c. finish a cream soup well before serving it to moderate the flavor. d. consommés take quite a long time to cool. student c   incorrect

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?

Which of these is an example of innovation?