Electricity tariff hike from April Published on Tuesday‚ 12 March 2013 11:57 The Chairman of the Public Utilities Commission (PUC) Dr. Jayatissa De Costa has said that the public opinion regarding the proposed tariffs will also be taken into consideration before the price hike is introduced. According to the CEB proposal‚ a home using 40 units of electricity will have to pay Rs.384 instead of the previously paid sum of Rs. 244. 95. Under the new proposal‚ 0-30 units
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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. 2. The firm may control
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cost in order to drive some or all competitors out of the market. Wal-Mart accounts for upward of 30 percent of U.S. sales‚ and plans to more than double its sales within the next five years. Wal-Mart decided that it did not approve of the artificial sweetener Coca-Cola planned to use in a new line of diet colas. In a response that would have been unthinkable just a few years ago‚ Coca-Cola yielded to the will of an outside firm and designed a second product to meet Wal-Mart ’s decree. Wal-Mart
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Internal economies of scale -- Savings in cost as firm expands. Created by firms’ own policies and actions. All must link back to lowering AC 1. Technical Economies of scale (Technical and engineering factors) • Factor indivisibility Economies • Make full use of large equipments • Economies arising from increased dimensions • Larger dimensions. Container principle>>Doubling of area more than doubles the volume • linked process economies • Takes a product through several stages of production‚ saves
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FALL SESSION – 2014 MASTER OF BUSINESS ADMINISTRATION- SEMESTER 1 ROLL No. : 1408000472 Nitin Baban Borkar MB 0042: Managerial Economics Q.1. Inflation is a global Phenomenon which is associated with high price causes decline in the value for money. It exists when the amount of money in the country is in excess of the physical volume of goods and services. Explain the reasons for this monetary phenomenon. Ans: Inflation is commonly understood as a situation of substantial and rapid increase
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Genevieve McNeil Artificial Selection It seems as though artificial selection is not an important topic in many people’s opinions nowadays. When people talk about science it is usually a hot button issue such as evolution or natural selection. However‚ through further thought‚ artificial selection can have a large impact if used and is important in the science world. Artificial selection is a process if breeding when “humans‚ not nature‚ choose the characteristics that we want to develop ion plants
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conditions namely: Homogenous product. All the firms within a industry sell the same product. Consumers have no reason to prefer one seller’s product to that of another seller. For example: Farmers selling peas on a weekend market. Absence of artificial constraints. Any new firm is free to enter the industry and start producing/offering services‚ just as existing firms are free to stop producing/ offering services and exiting the industry. No legal barriers fixing prices within the industry exist
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Running head: DIFFERENTIATING MARKET STRUCTURES 1 Differentiating Market Structures Gabriel Cathey ECO/365 November 3‚ 2014 Instructor: Paul Andoh DIFFERENTIATING MARKET STRUCTURES 2 Differentiation Market Structure Within the world of marketing‚ there are different advantages which will determine how the product market shall operate. The overall objectives for any company or organization is to supply a product which consumers will constantly demand. As consumer products
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Between Market Structures ECO 365 April 6‚ 2014 Differentiating Between Market Structures Market structure is the state of the market with respect to its competition. There are several different market structures such as perfect competition‚ monopolies‚ and oligopoly. An industry consists of all firms making similar or identical products. Economists assume that there are a number of different buyers and sellers in the marketplace (Heakal‚ 2014). In some industries‚ there are no substitutes and
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Advantages of Monopoly: Monopolies do not always lead to increased prices‚ lower outputs and welfare losses. In fact‚ monopolies can often lead to increases in society’s welfare as large monopolists benefit from economies of scale in production and distribution. These falls in costs can often be passed on to consumers in the form of lower priced products. We will now discuss briefly some of the potential advantages of monopolistic market structures. • Lower production costs and increased welfare
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