A. Explain two reasons why Burberry initially chose a licensing strategy instead of foreign direct investment to expand its presence into Japan b. Identify and explain three limitations of the licensing strategy that became apparent over time in the Japanese market

c. Identify the form of foreign direct investment that Burberry is likely to undertake in Japan after terminating the licensing arrangement with Sanyo Shokai. What two benefits would Japan derive from Burberry’s foreign direct investment?

d. Explain two benefits that the United Kingdom is likely to gain from Burberry’s outflow of foreign direct investment to Japan

Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i. e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i. e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process. b)consumers have the right to clean air; consumers are dominant in the bargaining process. c)firm has the right to pollute; firm is dominant in the bargaining process. d)firm has the right to pollute; consumers are dominant in the bargaining proces