the argument that supermarket power is a “zero-sum”game Before we discuss the argument let us understand first what the terms “power” and “zero-sum” mean. Power is a complex term used denote influence‚ control and domination‚ (Taylor‚ et al‚ 2009‚p.59). The power used by supermarkets includes buying and market power. The big four supermarkets in the U.K. account for approximately 75% of the food and groceries market therefore giving them significant market power. Their buying power is the ability they
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a game tree presents the extensive form while a payoff matrix presents the strategic form of a game. They are commonly used in the analysis of two players games. To multiple actors‚ the characteristic function form is most frequently encountered. Zero-Sum
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What is the closed-form expression for the below sum of Geometric Progression (GP) sequence‚ S n ? S n a aR aR 2 ... aR n (1) where R is called the common ratio (between consecutive terms) of the GP sequence. The reason why we want to derive a closed-form expression for S n is for the sake of calculating the summation‚ or otherwise we need to add all terms one-by-one together‚ which does not make a sense if the number of terms is huge‚ say a million terms! Most importantly
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TIME VALUE OF MONEY SUMS 1. A finance company advertises that it will pay a lumpsum of Rs 8000 at the end of 6 yrs to investors who deposit annually Rs 1000 for 6 yrs. What is the rate implicit in this offer? 2. You want to take a trip to the moon which costs Rs 10‚00‚000-the cost is expected to remain unchanged in nominal terms. You can save annually Rs 50000 to fulfil this desire. How long will you have to wait if your savings earn an interest of 12 percent p.a.? 3. Suppose a firm borrows
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In Hong Kong‚ Dim Sum is a traditional food.There are many elderly go to Dim Sum restaurants regularly‚ not only in the morning‚ but also at lunch time. In addition to satisfy their appetite‚ it is already a part of life for some people who go to Dim Sum restaurant every day in Hong Kong. In my view‚ Dim Sum should be the best item to represent Hong Kong culture. It is because Dim Sum exemplify unique characteristic of Hong Kong culture. In the following‚ I will introduce some of the characteristics
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The unique culinary art of dim sum means "dot-hearts"‚ small treats that touch the heart‚ and originated in China hundreds of years ago. It is said to have started along the Silk Road where farmers‚ laborers and travelers often stopped at roadside teahouses to have afternoon tea‚ regain sustenance and relax‚ an olden days version of the local neighborhood bar At first‚ it was considered inappropriate to combine tea with food‚ because people believed that this would lead to excessive weight gain.
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Zero- sum game and non-zero are terms used to refer to situations where there are gains and losses. Non-zero sum game is where one decision gain or loss doesn’t necessarily result in the others loss or gain. In this theory‚ the wins and loses‚ of all players do not add up to zero and everyone can win or lose. Commonly this is referred to as a “win-win situation” The common example given of this is the prisoner’s dilemma‚ a situation where two people are committed a crime are being interrogated separately
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To sum up‚ the transition from childhood to adolescence is complex‚ involving change in many different aspects of an individual’s life. While the transition through adolescence is inevitable for a sound development‚ the speed and degree of these changes may overload the capacity of many young to cope and result in a potential experience of stress. Teenagers must therefore develop a range of mechanisms which allow them to function effectively in the face of the stress which comes about the transition
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my family (guys) try and tell me to do something they say things like “no guy is gonna want a girl who can’t cook or want a girl who bites her nails or want a girl with such an attitude” as if my only purpose for living was to please some guy I also need feminism because when my little cries‚ gets upset‚ or happy or expresses any emotion he’s told by family members (also guys) to stop acting like a girl. As if being a means keeping things bottled up and being tough all the time or that being a
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Gems from the world of data structures and algorithms Bit-Sum Prime Difficulty level: moderate Every student‚ who has learned programming‚ must have written a program to determine whether a given positive integer is a prime number. Basically in order to determine whether a positive integer n is prime‚ we search for any number in the range [2‚ n − 1] which can divide n. Some of you would have designed a slighly better implementation where you search √ for any divisor of
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