Briefly outline some of the main models of oligopoly in which firms compete according to output. Hence‚ discuss the contention that non-collusion is the inevitable outcome of oligopoly. (2000 words) ‘Oligopoly is an industry structure characterized by a few firms producing all‚ or most‚ of the output of some good that may or may not be differentiated.book’ An oligopoly lies somewhere in between a monopoly (only one seller) and competition (many sellers). Firms are said to exhibit ‘strong mutual
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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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Tree definitions If you already know what a binary tree is‚ but not a general tree‚ then pay close attention‚ because binary trees are not just the special case of general trees with degree two. I use the definition of a tree from the textbook‚ but bear in mind that other definitions are possible. Definition. A tree consists of a (possible empty) set of nodes. If it is not empty‚ it consists of a distinguished node r called the root and zero or more non-empty subtrees T1‚ T2‚ …‚ Tk such that there
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Graph theory - the study of graphs and networks‚ is often considered part of combinatorics‚ but has grown large enough and distinct enough‚ with its own kind of problems‚ to be regarded as a subject in its own right.[12] Graphs are one of the prime objects of study in discrete mathematics. They are among the most ubiquitous models of both natural and human-made structures. They can model many types of relations and process dynamics in physical‚ biological and social systems. In computer science‚
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increased‚ the acceleration also increases. The acceleration is directly proportional to the sine of the incline angle‚ (. A graph of acceleration versus sin( can be extrapolated to a point where the value of sin( is 1. When sin is 1‚ the angle of the incline is 90°. This is equivalent to free fall. The acceleration during free fall can then be determined from the graph. Galileo was able to measure acceleration only for small angles. You will collect similar data. Can these data be used in
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