MONOPOLY A monopoly is an enterprise that is the only seller of a good or service. In the absence 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 competiton the market may be so small that it barely supports one enterprise. But if the monopoly is in fact more profitable than competitive enterprises
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Monopoly Monopoly means a market where there is only one seller of a particular good or service.In economics‚ a monopoly (from the Latin word monopolium – Greek language monos‚ one + polein‚ to sell) is defined as a persistent market situation where there is only one provider of a product or service. Monopolies are characterized by a lack of economic competition for the good or service that they provide and a lack of viable substitute goods. Monopoly should be distinguished from monopsony‚ in which
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CHAPTER 4 : FUNCTIONS AND THEIR GRAPHS 4.1 Definition of Function A function from one set X to another set Y is a rule that assigns each element in X to one element in Y. 4.1.1 Notation If f denotes a function from X to Y‚ we write 4.1.2 Domain and range X is known as the domain of f and Y the range of f. (Note that domain and range are sets.) 4.1.3 Object and image If and ‚ then x and y are known respectively as the objects and images of f. We can write ‚ ‚ . We can represent
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Applications of Graph Theory in Real Life Sharathkumar.A‚ Final year‚ Dept of CSE‚ Anna University‚ Villupuram Email: kingsharath92@gmail.com Ph. No: 9789045956 Abstract Graph theory is becoming increasingly significant as it is applied to other areas of mathematics‚ science and technology. It is being actively used in fields as varied as biochemistry (genomics)‚ electrical engineering (communication networks and coding theory)‚ computer science (algorithms and computation) and operations
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Graphs 1‚ 2‚ 3‚ and 4 show the waveforms for the flute‚ violin‚ piano‚ and oboe. The Fourier Series can be used to explain why each of the instruments have their own unique sound. The flute‚ violin‚ piano and oboe have different combinations of frequencies as each waveform is made of an unique combination of sine and cosine waves‚ and this creates distinct waveforms and allows each instrument to have a unique sound. Recall that the formula of the Fourier Series is f(x)=a_0+∑_(k=1)^∞▒(a_k cos〖πkx/T〗+b_k
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line on a Cartesian graph is approximately the distance y in feet a person walks in x hours. What does the slope of this line represent? How is this graph useful? Provide another example for your colleagues to explain. The slope of the line represents the speed of the person in feet per hour. This graph is useful because it provides a visual representation of the continuous motion of the person walking‚ something that could not provided by something like a bar graph. In a bar graph‚ the sheer number
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Misleading Graphs Team C Introduction to Statistics—QNT/273 February 7‚ 2011 Jeffrey McDonough Misleading Graphs “Graphs give a visual representation that enables readers to analyze and interpret data more easily than they could simply by looking at numbers. However‚ inappropriately drawn graphs can misrepresent the data and lead the reader to false conclusions” (Bluman‚ 2009‚ p.76). Some methods used by graph makers to mislead consumers are truncated axis starting points and using two
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Trenerry §5 Graph Theory Loosely speaking‚ a graph is a set of dots and dot-connecting lines. The dots are called vertices and the lines are called edges. Formally‚ a (finite) graph G consists of A finite set V whose elements are called the vertices of G; A finite set E whose elements are called the edges of G; A function that assigns to each edge e ∈ E an unordered pair of vertices called the endpoints of e. This function is called the edge-endpoint function. Note that these graphs are not related
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Graphs and Function What is the relation between the graphs and function and how was it applied in the real world? Graphs are frequently used in national magazines and newspaper to present information about things such as the world’s busiest airports (O’Hare in China is first‚ Heathrow in London is sixth)‚ about the advertising-dollar receivers in the United States (newspaper are first‚ radio is fourth) and about NCAA men’s golf team title winner (Yael is first‚ Houston is second). The
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NAME_________________________________ STAMP________________ PERIOD____ PICTURES & GRAPHS A. The Atom 1. Calculate the average atomic mass using the spectrum below. 2. Answer the questions regarding the energy level diagram shown. a) The emission lines for the series above are in the IR‚ Vis and UV regions. Match the series with the region and justify your choice (FYI – AP you do not need to memorize the names of the series. IB will need to know then for next year). b) Would the wavelength
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