What has/is the firm doing to achieve allocative efficiency? What factors of market coordination are at play? Does this firm have a comparative/absolute advantage?
economics
Description
Lush Cosmetics. Canada
1.
What has/is the firm doing to achieve
allocative efficiency? What factors of market coordination are at play? Does
this firm have a comparative/absolute advantage?
2.
Link production possibility frontier to
the products and services that this firm offers?
Students are not
expected to create a ppf diagram, but instead discuss how the production
possibilities have changed for the firm they are analysing (e.g what is
something new that they are offering, why? What are products/services that the
firm used to offer, but discontinued. Why?
3.
Have have the effects of globalization
affected this firm?
