Name: Lê Đức Anh Class: 12B Subject: Economic Question 3: Discuss whether monopolies always lead to an increase to inefficiency? Monopolies‚ in economist mind they are bad‚ however‚ not all things that monopolies do are bad‚ and they also bring benefits along side the negative effect. First‚ monopolies have an advantage of research and development. Monopolies can achieve supernormal profit‚ as they can set high price to a certain product‚ this can be used to fund high cost capital investment
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This essay will look at efficiency between both a monopoly and a perfect competition‚ and whether a monopoly is necessarily less efficient than perfect competition. Using diagrams and equations reflecting the optimal choice of output‚ marginal revenue and marginal cost for monopolies‚ I will explain how efficiency is affected by low levels of production. At the same time monopolies can increase efficiency due to their ability in price discrimination‚ they price people differently and therefore
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Activity 2 BSAD 1050 1. In a free market‚ greed prevents monopoly. Explain. A free market prevents a monopoly because it does not allow someone or‚ some company‚ to corner the market. There is always someone else that is willing to make or sell a product for the same or lesser price. For instance‚ in a free market there is not just one phone or cable company providing television or phone service. Other companies are allowed by law to provide those same services. Since the goal of the
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De La Salle University Arguments on Artificial Intelligence Niccolo Marcus T. Defiesta INTFILO V24 Dr. Noelle Leslie Submitted on August 27‚ 2014 What is Artificial Intelligence (AI)? By definition‚ AI is the intelligence exhibited or exercise of though by a machine or software. Philosophically‚ the most important question is “Can a machine really think”? This question goes beyond the realms of science because there are religious‚ legal‚ and ethical implications with the concept of AI.
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Chase Hall‚ 2A‚ Row 6 AI Film Analysis A. Opening Scene 1. AI: Artificial Intelligence is a film about an advanced robotic boy who is the adopted “son” of human parents. It raises the question: can a human genuinely love something that is non-human? The boy longs to become "real" so that he can regain the love of his human mother. 2. A major “conundrum”‚ as mentioned in the opening scene of the film‚ is one that poses a question: if a robot can genuinely love its owner‚ what responsibility
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ARTIFICIAL NEURAL NETWORKS ABSTRACT: “Human Brain‚” the most intelligent device on the Earth‚ is the driving force the ever progressive nature of the Human Species. This is only the reason why _Homo sapien_ has built variety of intelligent devices like supercomputers which can do billions and trillions of calculations each second. But still Human is not able to build a device which can actually mimic its brain. This idea of imitating human brain gave a new area of research known as Artificial
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APPLICABLE ARTIFICIAL INTELLIGENCE INTRODUCTION: The Artificial Intelligence is related with the design of intelligence in an artificial device."ARTIFICIAL INTELLIGENCE" term is coined by McCarthy in the year 1956.Basically there were two ideas in the definition of Artificial Intelligence. (i) Intelligence (ii) Artificial device. There were different views regarding the scope and Artificial Intelligence. One view is that artificial intelligence is about designing systems that are as intelligent
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In today’s society‚ thousands of artificial reefs are manufactured every year throughout the United States using an integration of private‚ federal‚ state and local government funds. Not only are artificial reefs suggested to preserve marine populations‚ but they are also considered to be “economically viable” (‘How artificial reefs are economically viable’). The role of artificial reefs is to attract marine life‚ which brings in approximately $300‚000 a year for many marine wildlife service programs
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Artificial intelligence and the advancement in robotics are some of the world ’s leading scientific studies‚ including how the advancement will affect the world‚ how one would handle living with an advanced robotic world‚ and how scientists will create these machines. Any appliance or machine made to [simulate a human task] falls under the category of artificial intelligence. From a [Blackberry] to a robot that can perform the daily tasks of a human‚ artificial intelligence is widespread. Artificial
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Using the book “Artificial Intelligence: The Very Idea”‚ by John Haugeland‚ I have learned the meaning of artificial intelligence truly and how it integrates in the real world. In this paper I will be discussing important sections of my chosen reading‚ followed by a more detailed explanation on the history of artificial intelligence‚ and concluding with a more practical use of artificial intelligence by means of cryptography. Firstly‚ this paper examines artificial intelligence and its links with
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