Petrol companies have the market structure of an oligopoly. An oligopoly is a market structure where there are a few dominant firms whose behavior is interdependent. There are a few dominant firms relative to market size‚ and they each command a large proportion of the market share‚ thus having strong monopoly power. Examples of petrol companies include Shell‚ Caltex and Exxon Mobil. Their demand curve is downward sloping‚ meaning that they are price setters. Petrol is a homogeneous product‚ hence
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in Market Structures Competitive markets‚ monopolies‚ and oligopolies play a big role in the economy. We will be discussing the characteristics‚ price determination‚ output determination‚ barriers to entry‚ and the role in economy of each market structure. In a competitive market there are many firms that supply the same product‚ such as local gas stations. Mankiw (2007) stated‚ “You may recall that a market is competitive if each buyer and seller is small compared to the size of the market and
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ECONOMICS COMMENTARY Commentary number: 2 Title of extract: Govt begins work on 3 more compulsory licences Source of extract: Business Standard Date of extract: March 30‚ 2013 Word count: 750 words Date the commentary was written: 1/04/2013 The commentary relates: Candidate name: Sushmi Dey | New Delhi March 30‚ 2013 Govt begins work on 3 more compulsory licences DIPP wants foolproof case on anti-cancer drugs of Roche‚ Bristol-Myers The department
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HUM/130 Appendix C - Week 1 Vocabulary Quiz 1. Immanent - In the study of comparative religion‚ immanent is to experience sacred reality as present in the world. 2. Religion - The word religion is thought to be derived from the Latin‚ meaning “to tie back” or “to tie again.” All religions share a common goal of tying people back to something behind the surface of life‚ to a greater reality‚ which lies beyond‚ or
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7. For the following code‚ which statement is not true? public class Sphere { private double radius; public double x; private double y; private double z; } a.x is available to code that is written outside the Sphere class. b.radius is not available to code written outside the Sphere class. c.radius‚ x‚ y‚ and z are called members of the Sphere class. d.z is available to code that is written outside the Sphere class. ANS: D 8. Which of the following is not part of the method header?
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Phoenix HUM 111 Critical and Creative Thinking August 05‚ 2012 Shaunabeth Paradiso I. Types of Questions I would ask myself to ensure that I used critical thinking in my research and analysis of the problem. A. How extensive and what are the similarities of the illnesses in the community between both children and adults? B. Exactly when was the onset of the illnesses? C. How were the illnesses contracted? D. Is everyone suffering from the same symptoms? E. Has everyone
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Population change: the demographic transition model (5 stages)‚ its validity and applicability in countries at different stages of development. Population structures at different stages of the demographic transition. The impact of migration on national population structure. The implications of different structures for the balance between population and resources. Social‚ economic and political implications of population change. Attempts to manage population change to achieve sustainable development
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Differentiating Depreciation Methods Straight-line method of depreciation is where the depreciation is charged as long as you have an asset. However‚ an accelerated method of depreciation is where the depreciation that you have charged the amount will decline over a period of time. In straight-line method in order for you to get the depreciation amount the asset is subtracted from its cost. In the mean time‚ accelerated method is charged in the beginning of the life time but in the end it
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The UK confectionery market has been forecast to increase at a compound annual growth rate (CAGR) of 2.16% over the next five years‚ increasing from a per-capita consumption of over 8.7Kg at the start of 2012‚ to reach just over 9.4Kg by 2017. According to a recent report‚ ’The Future of the Confectionery Market in the United Kingdom to 2017‚’ in terms of categories‚ ’Chocolate’ is forecast to continue as the largest sector in the industry‚ and will see a volume of just under 400 million Kg by 2017
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Press‚ Singapore The structure of linkages and causal relationships between BRIC and developed equity markets Norasyikin Abdullah Fahami+ Mara University of Technology Abstract. The study aims to examine the structure of linkages and causal relationship between the world’s fastest emerging economies (Brazil‚ Russia‚ India and China) and the selected developed countries namely‚ the United States (US)‚ the United Kingdom and Japan. The leading indices of these stock markets are used as proxies
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