Each market structure plays a significant role in the economy. Markets are categorized according to the structure of each industry serving the market. Three of the basic market structures include competitive markets‚ monopolies‚ and oligopolies. These differ due to the different number of strength of buyers and sellers and also the level of collusion between them. There are stages of competition and magnitude of the difference in products. When there are many buyers and sellers of a product
Premium Economics Marginal cost Monopoly
Economics 520 Lecture Note 9: Introduction to Stochastic Processes This Version: October 5‚ 2013 These notes are based on S. Ross‚ Introduction to Probability Models‚ Academic Press‚ and J. Hamilton‚ Time Series Analysis‚ Princeton University Press. Definition 1 A stochastic process {X (t )‚ t ∈ T } is a collection of random variables: for each t ∈ T ‚ X (t ) is a random variable. The set T is called an index set‚ and t ∈ T is often interpreted as time. So X (t ) would be the (random) state
Premium Probability theory
Factors Affecting Diffusion How does temperature affect diffusion? What is Diffusion? Definition 1: Diffusion is a process where by molecules move from an area of high concentration area to an area of low concentration. Definition 2: Diffusion is an evidence for moving particles. The spreading out of a gas is called diffusion and it takes place in haphazard and random way. Gases diffuse because the particles collide with other particles and bounce of in all directions. For example when
Premium Diffusion Molecular diffusion Temperature
Market structure is defined as the particular environment of a firm‚ the characteristics of which influence the firm’s pricing and output decisions. There are four theories of market structure. These theories are: Pure competition Monopolistic competition Oligopoly Monopoly Each of these theories produce some type of consumer behavior if the firm raises the price or if it reduces the price. The theory of pure competition is a theory that is built on four assumptions:
Premium Monopoly Perfect competition Oligopoly
price is low and less of it when the price is high. In other words‚ price and quantity demanded move in opposite direction‚ if price goes up‚ demand goes down. And if price goes down‚ demand goes up. Factors affecting the demand for a good: * Price: The price of the good itself is the first factor that affects the demand for a good. For goods that obey the law of demand‚ if the price rises the quantity demanded falls and if the price falls the quantity demanded rises. But for goods that do not
Premium Consumer theory Goods
FACTORS AFFECTING DROPOUTS IN PERCEPTION OF THE STUDENTS IN THE NATIONAL TEACHERS COLLEGE QUIAPO ‚MANILA An Undergraduate Thesis Presented To the Faculty of the College of Education In Partial Fulfillment of the Requirements for the APPROVAL SHEET In partial fulfillment of the requirements for the degree of Bachelor in Secondary Education Major in MAPEH. This Thesis entitled “Factors Affecting Dropouts in perception of the students in the National Teachers
Free High school College Dropout
FACTORS AFFECTING HYPERTENSION FACTORS THAT CAN BE CHANGED Sedentary Lifestyle Those who do not exercise are more likely to develop hypertension. These people tend to have higher heartbeat rates than those who work out‚ and this forces the heart to work harder during each contraction. This puts more pressure on the arteries‚ so the propensity for heart diseases or heart attacks becomes greater. A sedentary lifestyle is also a precursor to being overweight or obese‚ which is another hypertension
Premium Hypertension Blood pressure Artery
Factors affecting development Early Stimulation Studies of the effect of environmental stimulation on an individual ’s development in either general or specific ability conclude that some specific stimulation should be introduced at an early age while a child is still malleable. An intense‚ persistent‚ and regular tutorial approach within the family encourages the development of a special talent or ability and develops learning sets useful in the future. A child must learn the specialized symbolic
Premium Psychology Cognition
International MSc in Business Administration Managerial Economics Market Structures Part 1 Carlos Almeida Andrade 2013/14 Managerial Economics: Market Structures Part 1 Market Structures Firms may face different environments in terms of market structure: • number of firms • relative size of those firms‚ • their influence on market conditions (market power) • different technology and costs gy • information • demand conditions‚ etc. These differences have an impact on the choices
Premium Perfect competition Economics Monopoly
Factors Affecting Population Cultural Factors In some cultures and religions‚ people are respected more if they have many children resulting in an increased birth rate. For example‚ in some cultures having many children is seen as a sign of virility in men. Conversely‚ some cultures and religions discourage large families though this is rare. This would have the effect of lowering birth rate. Certain religions view birth control and abortion as bad in the eyes of their beliefs. As a result they discourage
Free Demography Population Waterborne diseases