2- Select a competitive industry from one of the following emerging markets: Brazil, Chile, Colombia, Czech Republic, Egypt, Greece, Hungary, Indonesia, Malaysia, Mexico, Morocco, Qatar, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Turkey or the United Arab Emirates. Give an industry snapshot describing the competitive natures, including the difficulty of foreign businesses to enter. a. Select a corporation from any European Union country operating in the same industry that has a successful shot at entering that market via acquisition, venture or standard international expansion.

3 - Bartech, Inc. is a firm operating in a competitive market. The manager of Bartech forecasts product price to be $28 in 2021. Bartech's average variable cost function is estimated to be AVC=10-0.003Q+0.0000005Q2 Bartech expects to face fixed costs of $12,000 in 2021. At what level of output will Bartech's average variable cost reach its minimum value? a) 2.000 units ) 3.000 units C) 4.000 units d 5.000 units

2 One of the major competitive industries in any of the emerging markets is that of food and beverage industry/restaurant and fast food chains prevalent in all the countries. One of the major upcoming countries is UAE, where the economy is a global hub and there is a lot of demand for fast food in this region.

Now based on the competitive landscape of UAE, there are several restaurant chains prevalent in this country because of it being a global hub and a tourist destination. It is also a lucrative hub for global businesses as it has a cosmopolitan population, with majority of the country's workforce consisting of foreign nationals. Thus a global eatery would find a good scope for growth in such a region. There are several foreign businesses based in such locations. There are free zones in this country where a wholly owned foreign company can set up a business venture.

A corporation from a European country is a French fast food chain known as Flunch which specializes in grilling meat, as UAE also has this kind of tastes and preferences, the business could grow drastically led by self service as there are limited cost overheads. It could do an international expansion as it is only prevalent in EU right now, by increasing the global presence the firm would be able to grow exponentially as the price range is affordable and food is healthy which is becoming a fast selling trend right now.

3 

Differentiating AVC wrt to Q, we get,

0.000001 Q - 0.003 = 0

Q = 3000

Taking second derivative, we get the derivative as 0.000001 which is greater than 0 and thus it is minimum value.

The correct option is b.