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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1254 |
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As suggested in the Packaging and Labelling Report No. 49 1996. “Some material inputs to packaging are priced at or close to the price (including duty) of imports substitutes; that is, ‘the import parity price’†(Packaging and Labelling Report No.49: 15). That is, ACI sets the selling price of their product to match that of the import, therefore removing any competitive advantage that an import may have in the market...
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A monopoly such as ACI is so large and well established that it has the power to effectively block the entry of other firms into the marketplace. The lack of competition in the glass manufacturing industry has allowed ACI to become complacent about technological improvements which would allow it to achieve dynamic efficiency...
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