Chapter 7 Competition and Policies towards Monopolies and Oligopolies‚ Privatization and Deregulation Suggested Answers to the Review Questions I. Questions 1. Pure monopoly refers to the case where: a) there is a single firm selling the commodity‚ b) there are no close substitutes for the commodity‚ and c) entry into the industry is very difficult or impossible. If we further assume that the monopolist has perfect knowledge of present and future prices and costs‚ we have perfect monopoly
Premium Economics Monopoly Perfect competition
T: Very Good. What else? T: Very well said. So did you know what chemistry are? Right? B. Motivation T: Before we start our new lesson let’s have some game. C. Discussion Proper T: Today we will study the 7 branches of chemistry. So the first branch of chemistry is? Give me? T: Very good. Organic chemistry is the study of the properties of the compounds of carbon that are organic. T: Next is? T: Good‚ So Inorganic chemistry is the study of the chemistry
Premium Chemistry
The d-and f-Block Elements POINTS TO BE REMEMBERED: --- The elements of periodic table belonging to group 3 to 12 are known as d-Block elements. The general electronic configuration of these elements is (n -1)d1-10 ns 1-2 d- Block elements are collectively known as Transition Elements because properties of these elements vary in between s-Block and p-Block elements. A transition element should have partially filled (n-1) d orbital. Group 12 elements i.e. Zn‚ Cd‚ Hg have
Premium Periodic table Electron configuration Transition metal
SCOPE OF THE STATEMENT Concepts Statement no. 7 includes general principles that govern accountants’ use of present value‚ especially when the amount of future cash flows‚ their timing‚ or both‚ are uncertain. This might happen when a business sells an asset and receives payments over time. The statement is limited to measurement issues (how much) and does not address recognition issues (when or if). It does not specify when fresh-start measurements are appropriate. Rather‚ FASB expects to decide
Premium Net present value Time value of money Asset
* Defining your ideal customer (target market) – Think about the characteristics of your ideal customer – what is it you like about working with them and why? * Understanding the competition and what makes you better (differentiation) – There are a lot of people who do what you do so what do you offer that others do not? What do your clients appreciate about what you do? Figure out what it is and lead with that difference in all of your marketing efforts. * Knowing what you want to achieve
Premium Marketing
A contract is a "promise" or an "agreement" that is enforced or recognized by the law‚ whether implied or expressed. There must be an agreement‚ which consists of an agreement‚ an intention to create legal relations‚ and consideration. A contract is said to come into existence when acceptance of an offer has been communicated to the offerer by the offeree. An offer is an expression of willingness to contract on certain terms‚ made with the intention that it shall become binding as soon as it is
Premium Contract
For the purpose of explanation and prediction‚ scientific research finds it helpful to think in terms of cause and effect relationship. There is a procedure for identification of such relationship. In normal terms‚ a cause is something that makes some other thing to happen or change. For example‚ a stone thrown at the window pane will cause the pane of glass to shatter. In this situation‚ throwing of stone is the cause while the shattered glass is the effect. Such an implicit understanding of causality
Premium Correlation does not imply causation Causality Scientific method
Chapter 7 1. According to Karl Marx social class depends on a factor of a person’s relationship to the means of production. He distinguished two classes: owner of the means of production (bourgeoisie) and a worker who works on these factories‚ tools and land‚ proletariat. Marx believed that person’s life is shaped only with regard of what he owns and what he works on. Max Weber believed that social class is made up of three elements: property‚ power and prestige. According to Weber‚ property is
Free Karl Marx Marxism Means of production
Beowulf is one of the great heroic poems in English literature. The epic follows a courageous warrior named Beowulf throughout his young‚ adult life and into his old age. As a young man‚ Beowulf becomes a legendary hero when he saves the land of the Danes from the hellish creatures‚ Grendel and his mother. Later‚ after fifty years pass‚ Beowulf is an old man and a great king of the Geats. A monstrous dragon soon invades his peaceful kingdom and he defends his people courageously‚ dying in the process
Premium Beowulf Grendel's mother Hell
Formalistic filmmaking involves the director’s unique aesthetic view of how the film should be presented to the audience. While realistic films are presented with a style of "how it appears onscreen is how it would be seen if present during the events of the film"‚ formalistic expression allows the style of the director to shine through and impress upon the audience somewhat of a "distorted" reality. The various techniques of filmmaking are used to present a stylization of reality by manipulating
Premium Goodfellas Robert De Niro Martin Scorsese