Price fixing assignment: 1. Why is price fixing an offense? Price fixing my cause market failures and distortions as it harms competition in a free market. This in turn adversely affects economic efficiency and consumer welfare. In India‚ price fixing and other such activities that have an adverse effect on competition are offense under Competition Act‚2002. In US‚ price fixing can be prosecuted as a criminal federal offense under section 1 of Sherman Antitrust Act. 2. What are the implications
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SEX DETERMINATION IN FORENSIC ODONTOLOGY Identification of living beings and dead bodies is of great importance in Forensic science. Sex determination is one of the important steps in establishing identity. Sex identification in international sports: In 1932 Helen Stephens and Stella Walsh: Hitler’s Olympics In 1936 Stella accused Stephens of being male and so a crude physical examination including gross physical examination of external genitalia was done. In 1966 gender identification became
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The consumer price index or CPI is a more direct measure than per capita GDP of the standard of living in a country. It is based on the overall cost of a fixed basket of goods and services bought by a typical consumer‚ relative to price of the same basket in some base year. By including a broad range of thousands of goods and services with the fixed basket‚ the CPI can obtain an accurate estimate of the cost of living. It is important to remember that the CPI is not a dollar value like GDP‚ but instead
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In this article I will explain whether I think gas prices will stay low. I have gathered some information and details to support my opinion. I will back up every detail that I think about whether gas prices should stay low. In the end I will have done explained why I think gas prices should stay low or not with some information to support it. I think that gas prices will not stay low. I think that gas prices will not stay low because their are alot of people who are taken advantages of it. People
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HIGHER THE PRICE‚ BETTER THE QUALITY Is it a Myth or Reality? Survey Overview: Our survey has had 94 responses based on which we’ve derived various conclusions on how the chemistry between prices and quality work when choosing a product. We conducted a survey monitoring over 4 major sectors of regular application in our lives‚ them being FMCG‚ Apparels‚ Consumer Durables which include Laptops and Mobiles. Result Analysis (Based on Age Groups) FMCG industry: The younger age group in the
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Question 1: Consider an option on dividend-paying stock when stock price $30‚ the exercise price is $29‚ the risk-free interest rate is 5% p.a.‚ the volatility is 25%p.a. and time to maturity is 4 months. Assume that the stock is due to go ex-dividend in 1.5 months. The expected dividend is 50cents. a. b. c. what is the price of the option if it is a European call? What is the price of the option if it is a European put? Use the results in the Appendix to this chapter to determine whether there
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Price Discrimination in Airline Industries Jennifer Solomon University of Maryland University College In many cases we run into industries that charge various customers different values for an identical good. These industries find that they intensify their revenues by using this method. Those industries that aid by this structure of moneymaking have participated in price discrimination. When you are boarding a flight I am sure you know that the passengers around you have not paid the same
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While auditing my client‚ I found that the price the company has been paying for their widgets doubled in a year’s time. In addition‚ they are now being purchased entirely from a new vendor. After I check the fair market price for these widgets‚ however‚ it appears that they are only worth half of what the company is paying. This is one of the red flags for fraud. As an auditor it is my job to ensure to the best of my ability that the financial statements are not materially misstated due to fraud
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The price ceiling is the maximum price a seller is allowed to charge for a product or service. An impact on society includes when the prices are so high of a product‚ that no one can buy it. A price floor is the lowest legal price a product or service can be sold at. When market price is at its lowest‚ it may still be too high for consumers to purchase products. Governments can intervene for any purpose‚ and they are the ones who set these price controls. Governments may intervene in the market
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------------------------------------------------- POM Presentation ------------------------------------------------- ------------------------------------------------- Case: How IKEA designs its sexy price tags? ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Group Number: 02 ------------------------------------------------- Members: M.A.Sravani -------------------------------------------------
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