There are different kinds of market structures in this economy. Perfect competition‚ as one of them‚ is often described as the ideal market structure‚ and only treated as a theoretical ideal. If we compare the perfect competition market with other types of market structure‚ such as monopoly‚ monopolistic competition‚ and oligopoly‚ it will be obvious that the perfect competition is ideal mainly due to the presence of productive and allocative efficiency. In perfect competition‚ there are a large
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Is Brutus Noble? In Shakespeare’s play‚ “The Tragedy of Julius Caesar”‚ there is a struggle of power between two very different mindsets. One is Mark Antony and the other is Octavius Caesar‚ who want revenge for the killing of Julius Caesar. The other is Marcus Brutus‚ who is trying to keep Rome a republic rather than a monarchy. Marcus Brutus is a very noble Roman in Shakespeare’s play. He is a highly respected man in the upper class of Roman society. At the end of the play‚ Mark Antony looks at
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moral. Epic heroes are of noble birth and fight for people. They will travel far distances to accomplish what they are setting out to do. Heroes all share the characteristic of their willingness to die in their effort to accomplish their heroic act‚ making the act in it heroic. Beowulf is an epic hero because he is born of noble birth‚ fights for what is right‚ and portrays superhuman abilities. In the epic poem Beowulf‚ it states that he is born of noble birth. Beowulf is the son
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Ideal concepts‚ when implemented into the real world‚ very often fail to survive. The perfectly competitive market structure is not an exception. The model is based on such strict assumptions that its adaptation into everyday life situations‚ in most cases‚ is simply impossible; however it is often described as the ideal. In the long-run‚ when all the factors of production can vary‚ given that the maximalisation of earnings is a natural goal behind every firm’s activities‚ only under the perfectly
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thoughts and actions for they lead to rewards or consequences‚ Buddha taught his followers to use the Four Nobles truths and the Eightfold path which are the basic concepts and that they may find their path to enlightenment. The First Noble truth is that life has suffering‚ that it is inevitable. There will be pain‚ anger‚ jealousy‚ greed‚ even loneliness in one’s mind; however‚ the practices show how suffering can be overcomed and one can achieve happiness. The Second truth is that craving and aversion
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Capital Structure‚ Profitability and Market Structure: Evidence from Textile Industries in Bangladesh. Introduction In corporate finance‚ the academic contribution of Modigliani and Miller (1958‚ 1963) about capital structure irrelevance and the tax shield advantage paved the way for the development of alternative theories and a series of empirical research initiatives on capital structure. The alternative theories include the trade-off theory‚ the pecking order/asymmetric information theory
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relatable is what made the story moving and original. Growing up‚ my mom tells me stories of how she met my dad? How they got married? And their stories have a lot in common with the situations that occurred in “The wedding gift.” Relating to Kezia Barnes‚ my mom was also forced by her family to marry someone she did not know. They wanted my mom to marry someone who was well-educated‚ had a good career and most importantly bank account filled with money. However‚ my mom wanted to marry someone she
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Noble Cause Corruption Every day‚ communities across the United States unleash trauma‚ stress‚ and other difficult situations for police officers. Their job is tremendously important to many aspects of our communities. Sometimes though‚ police officers lose sight of their ethics towards the communities and its citizens. What factors help a responsible‚ morally loyal individual to turn or appear to turn to deviance when their job is to help fight corruption and deviance? A term called noble cause
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Cash Physical → Machinery -Enterprise (risk-takers) Organise other factors and allocate resources to reach goal Market systems -Free market Consumers buy; Producers sell without government intervention Invisible hand of competition will facilitate the market -Planned economy All decisions are made by the central government in the economy State monopoly Free market: Advantages Disadvantages Effective and efficient as there is competition Essential services (healthcare) may not
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localized product like Nescafe Ipoh White Coffee. Milo 3in1 belongs to monopolistic competition market. It comes as one of the product differentiation by Milo. There are other products such as Milo sejuk‚ Milo powder and Milo Ready to Drink. It has many sellers in Malaysia and buyers who prefer Milo 3in1 compare to other complements and substitutes. It is the price makers for the same kind of product in the market since the it sells the most compared to others. It
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