• Adffa
    Indian Railways: Monopoly in Rail Transport 1) Introduction A monopoly exists when a specific individual or an enterprise has sufficient control over a particular product or service to determine significantly the terms on which other individuals shall have access to it. Indian Railways is one such...
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  • Government Intervention in Market
    complete economic activities are handled in four different market structures, namely perfect competition, monopolistic competition, oligopoly and monopoly. The nature and degree of competition varies among the all the above-mentioned four markets. In summarized manner we can describe that as...
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  • Government Ownership
    Introduction .................................................................................3 2. Literature ......................................................................................4 3. Method and data............................................................................5 ...
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  • Economic and Business Infrastructure Barrier for Tim Horton in India
    barrier as anything that allows incumbent firms to earn above-normal profits without the threat of entry. To defend his contention that large scale economies are an entry barrier, Bain argued that if incumbents act in concert and potential entrants expect incumbents to maintain their pre-entry output levels...
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  • Economicsa
    to expand its business by merging. Merger is said to occur when any two firms come together and form one. There will be an increased market share for the new firm that may result in reduced competition. Although the reduced competition may generate high profits for the firm but at the same time it will...
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  • Perfect Competition
    Distinguish between perfect competition, monopolistic competition and oligopoly. [12] b) To what extent is it true to assert that monopolies are against public interest? [13] In the perfectly competitive market, all firms are price takers. They can sell all the output...
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  • Maximizing Profits in Market Structure
    competition, a monopoly, or an oligopoly. Each of these types of markets have specific characteristics and economic market effects that include entry barriers, price and output determination to produce the most profits for any given business or company. Even though these differences may seem small, they...
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  • Perfectly Competitive Market
    and consumers. Students investigate the features of the following market structures: perfect competition, monopolistic competition, oligopoly, and monopoly. (Note that a knowledge of cost and revenue curves is not required.) Students evaluate market structures in terms of meeting the needs of consumers...
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  • Microeconomics: Resource Allocation, Forms of Competition and Market Failure
    Internal economies of scale -- Savings in cost as firm expands. Created by firms’ own policies and actions. All must link back to lowering AC 1. Technical Economies of scale (Technical and engineering factors) • Factor indivisibility Economies • Make full use of large equipments • Economies arising from...
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  • Manegerial Economic
    decisions given the firm's objectives and given constraints imposed by scarcity, for example through the use of operations research and programming. Almost any business decision can be analyzed with managerial economics techniques, but it is most commonly applied to: * Risk analysis - various models are...
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  • Microeconomics Supply Chain
    Macroeconomics focus on the economy as a whole. In macro, you outline relationships between variables ( growth, employment rate, investment…). Micro : focus on economic agents, players, and companies. Focus on how consumers and companies are behaving. In micro you look at the economy as being structured,...
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  • Basic Economics
    invisible trade: Goods and services which are sold overseas are called EXPORTS. Those which are bought from other countries are called imports. Economies distinguish between visible trade and invisible trade. Visible trade: buying and selling of physical goods Invisible trade: exchange of services...
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  • Monopoly
    of government intervention, a monopoly is free to set any price it chooses and will usually set the price that yields the largest possible profit. Just being a monopoly need not make an enterprise more profitable than other enterprises that face competition: the market may be so small that it barely supports...
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  • Economic Analysis for Business
    DEVELOPMENT ECONOMICS.   Development economics or the economics of development is the application of economic analysis to the understanding of the economies of developing countries in Africa, Asia, and Latin America. It is the sub discipline of economics that deals with the study of the processes that...
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  • A MANAGER’S GUIDE TO GOVERNMENT IN THE MARKET PLACE
    passed, and how they affect optimal managerial decisions. We will begin by examining four reasons why free markets may fail to provide the socially efficient quantities of goods: (1) market power, (2) externalities, (3) public goods, and (4) incomplete information. The book analysis includes an overview...
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  • Recrystallization
    Chapter 1 outline: I. Introduction A. B. C. D. E. II. The word “economy” comes from the Greek word meaning “one who manages a household.” This makes some sense since in the economy we are faced with many decisions (just as a household is). Fundamental economic problem: resources are scarce. Definition...
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  • Busines Essay for Business Igcse Unit 4 to 6
    unsafe working conditions-Some production methods lead to serious production problems-Profit motive can lead firms to merge and this can result in monopoly control with less consumer choice-Advertising is very powerful and can be used to give a misleading image or incorrect information to persuade consumers...
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  • Econ1
    time (used to sketch possible graphs and take notes) and 50 minutes to answer. o #1: Long FRQ – should take approximately 25 minutes to answer o #2 and 3: Short FRQs – should take approximately 12.5 minutes each to answer. © Jason Welker 2009 Zurich International School 2 Circular Flow Diagram:...
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  • Be Lecturer Guide
    Education Limited. The document must not be reproduced by any means, in whole or in part, or used for manufacturing purposes, except with the prior written permission of NCC Education Limited and then only on condition that this notice is included in any such reproduction. Published by: NCC Education Limited...
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  • Monopoly, Perfect Competition, Imperfect Competition
    This publication may be reproduced in whole or in part for educational purposes by educational establishments in Scotland provided that no profit accrues at any stage. ISBN 1 85955 929 8 contents Introduction 1 Section 1: The theory of perfect competition 3 Section 2: The...
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