UNIT IV - PRICING (16 MARKS) 1.EXPLAIN MONOPOLY MARKET WITH PRICING STRUCTURE MONOPOLY Monopoly is the least competitive market structure of all. A pure monopoly is a market with only one producer who produces 100% of the output. Consumers have the least choice in a monopoly market – buy from the monopolist or don’t buy. A monopoly market will have the highest price and the lowest total production of any market structure. The assumptions of monopoly are: One seller: The classic
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Joint Family System Good afternoon My name is Qamber. I am here to propose the joint family system. A family is made up of many elements and relationships. A relationship whether it is a small baby or an elderly man‚ has its due place and importance in the family. A family is strong only with the presence of all the members. People can share their sorrows with each other. Their happiness is the same. They usually do not need any outsider to intervene in their matters as they
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While the South was busy with its problems‚ authors of that era were emerging writing about the troubles of the South and its unwillingness to move forward. Born and raised in New Albany‚ Mississippi‚ William Faulkner is in the preeminent position of southern gothic writing. This genre depicts the south as a place permeated with lack of progression. It exposes the American South’s inability to move forward along with the industrialized North after the Civil War. Similar to Gothic‚ Southern Gothic
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The North-South Divide In a system rooted in competition what happens if one side gains a dominant advantage? Theory dictates that the capital will flow and that production will increase on the side of the disadvantaged‚ but what if the dominant power decides to change the rules and make its dominance more absolute? These are questions fueling the discussion of North-South conflict. Many reasons for these problems existing have been explained‚ and also many different conclusions on ways to remedy
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List of Exam Questions First Exam Global Economic Environments CHAPTER 4‚ 5‚ 8‚ 13 Readings PLUS Pages75-85 ESSAYS 1) Describe the product cycle‚ including addressing the various inputs that are required over time and the resulting production location decisions. Early stage-skilled marketing‚ new design‚ feedback from customer‚ scientific and engineering input in design and manufacturing‚ capital a high-income market (developed country) Middle stage-incremental improvements to standardized
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Unit 1 Review Environmental Science is the study of how the natural world and how the environment affects humans (and vice versa) - Interdisciplinary (natural v. social sciences) - Experiments‚ data‚ etc. Environmentalism is a social movement that tries to protect the natural world from human changes - Promoting change in behavior - Can be radical Natural resources are substances and energy source needed for survival 1. Renewable resources can be replinished a. Sunlight‚ wind‚ timber‚
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Discuss the economic advantages and disadvantages to the UK of participation in the European single currency (Euro). Will British businesses be better or worse off if the country decides to participate? Introduction of Euro in the world’s monetary union is a milestone. Eleven countries were going to create EMU at the beginning‚ now there is a long queue to join in EMU. Most of the EMU members get more advantage then disadvantage to join in Euro. Euro creates a large market in the Eurozone. Three
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1970s as a means to understand the interworking’s of the brain and how this would aid in education. This paper will review the advantages of brain-compatible learning environments by first discussing what brain-based learning consist of‚ the relationship between the brain and student learning‚ the advantages of brain-compatible learning environments‚ how these environments can be implemented‚ brain-compatible teaching methods and how we can measure the success of brain-based learning. “Brain-based
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The north and the south had many differences before the Civil war. With the climate‚ economy‚ culture‚ transportation‚ and more. There were many things that made the south different than the north one of the main differences between the South and the North was that the South was slave states and the North was free states. Climate/Geography To start off with‚ the south climate was warm and sunny. The South also have humid summers mild winters and heavy rainfall. While the South was good for farming
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How to Improve Physical Fitness There are many different ways to improve physical fitness‚ but there are a lot people that don’t have the chance or don’t feel like they’re capable of progressing their health. In result they are obese and give up trying to live a better life style. What most people don’t know is that improving your physical fitness can be a fun experience. Being active every day is healthy and it can change your life. There are simple and easy steps to improving your physical fitness
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