Oligopoly In a oligopoly market structure‚ there are a few interdependent firms that change their prices according to their competitors. Ex: If Coca Cola changes their price‚ Pepsi is also likely to. Characteristics: * Few interdependent firms * A few barriers to entry * Products are similar‚ but firms try to differentiate them * There is branding and advertising * Imperfect knowledge (where customers don’t know the best price or availability) Revenue Curves Total Revenue
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“In order to understand what the brain does‚ it is first necessary to understand what it is – to know the names and locations of its major parts and how they are connected to one another” (Pinel‚ 2011. p. 51). The five major structures that compose the brain are labeled as myelencephalon‚ metencephalon‚ mesencephalon‚ diencephalon‚ and telencephalon. These major structures are what create the adult forebrain‚ midbrain‚ and the hindbrain. First‚ the myelencephalon is also known as the medulla
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alternative methods of production are useful in planning the most efficient method of production. Costs of alternative options for a product suggested by market research are necessary to determine whether it is profitable. Inventories – manufacturing and non - manufacturing * Manufacturing and non - manufacturing business entities engage in many of the same selling and administrative activities such as marketing‚ granting credit‚ clerical work and general management. * Valuation of a manufacturing
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1) Explain the terms ‘Monopoly’ and ‘Monopolistic Competition’ (4 marks) Monopoly A monopoly is a market structure in which a single company or individual owns all or nearly all of the market for a given type of product or service with no or close substitute. This would happen in the case that there is a barrier to entry into the industry that allows the single company to operate without competition (for example‚ vast economies of scale‚ barriers to entry‚ or governmental regulation)
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The aim of this report is to research wireless antennas and differences between them. Antennas are included 3 types: omnidirectional‚ semi-directional‚ and highly-directional. Any antenna has three fundamental properties: gain‚ directional and polarization. Omnidirectional Antennas. We can use this antenna in a: point-multipoint link‚ warehouse‚ hotspot‚ trade show‚ airport. The omnidirectional antennas transmit a signal in all directions‚ it is known dipole ("non-directional") antenna. The
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Introduction Wireless is a term used to describe telecommunications in which electromagnetic waves (rather than some form of wire) carry the signal over part or the entire communication path. The first wireless transmitters went on the air in the early 20th century using radiotelegraphy (Morse code). Later‚ as modulation made it possible to transmit voices and music via wireless‚ the medium came to be called "radio." With the advent of television‚ fax‚ data communication‚ and the effective use of
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The Five Major Structures of the Human Brain University of Phoenix PSY 240 October 27‚ 2012 Olivia Fransis The human brain is nothing short of incredible. In a way it’s the world’s most powerful computer because it can process tasks at lightning speeds and simultaneously be in control of our reflexes and every other voluntary and involuntary functions. It is the most important and complex organ as well as our core for learning At the point of birth‚ the brain weighs an average of
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software development of smart phone and service operation of mobile internet. The logo of Xiaomi is “MI”‚ which is the abbreviation of Mobile Internet and represents that Xiaomi Tech is a mobile internet corporation. At the end of 2010‚ Xiaomi Teach launched Phone real-name community Miliao. In the next half year‚ the registered user of Miliao breaks through 3 million. In addition‚ Xiaomi tech launches mobile phone operating system MIUI and Android mobile phone MI. Miliao‚ MIUI and MI are the
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“In the first quarter of 2010‚ the market for private homes in Singapore saw a record breaking prices and transaction volumes‚ prompting calls for government intervention to cool the market.” Using economic analysis‚ explain the reasons for the “record breaking prices and transaction volumes” for private homes in Singapore. Private homes in Singapore seeing a record breaking prices and transaction volumes is due to the actions of both the consumers and the producers‚ which will cause a shift in
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I. Executive Summary The local mobile handset industry is growing in the Philippines that especially cater to the Filipino culture. Investing in this industry is serious business and requires a lot of knowledge before starting. This industry analysis provides any investor the information needed if he pursues to enter the local mobile handset market. Having no awareness and simply plunging with the investment without planning will lead to an early crisis for new entrants. Any businessman knows
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