UNIT IV - PRICING (16 MARKS) 1.EXPLAIN MONOPOLY MARKET WITH PRICING STRUCTURE MONOPOLY Monopoly is the least competitive market structure of all. A pure monopoly is a market with only one producer who produces 100% of the output. Consumers have the least choice in a monopoly market – buy from the monopolist or don’t buy. A monopoly market will have the highest price and the lowest total production of any market structure. The assumptions of monopoly are: One seller: The classic
Free Economics Perfect competition Monopoly
Revival of traditional embroidery in contemporary costumes | Submitted by: Mikky Sharma & Arunima Joshi | ms104154 & ms104151 b.sc fad 3rd sem | Embroidery is the art or handicraft of decorating fabric or other materials with needle and thread or yarn. Embroidery may also incorporate other materials such as metal strips‚ pearls‚ beads‚ quills‚ and sequins. A characteristic of embroidery is that the basic techniques or stitches of the earliest work—chain stitch‚ stitch‚ running‚ satin
Premium
Advantages and Disadvantages of the Divine Command Theory Several arguments are presented over the subject of the popular Divine Command Theory. This concept is basically the idea that we as humans are given free will‚ however God ultimately decides what is morally wrong and right. So‚ if we are to live a righteous and moral life‚ then we are to follow his commands whatever they might be. According to philosophers‚ this belief provides much controversy in its different arguments. The advantages
Premium Ethics Morality Ontology
Title: Convenience foods are more popular in modern life. Some people claim that traditional foods and traditional methods of food reparation will disappear. To what extent do you agree or disagree with this opinion? The increasing availability of convenience foods has been an important feature of modern life in many developed countries. Some people have claimed that traditional foods and traditional methods of food preparation will disappear. In this essay I think it is unlikely to happen.
Free Cooking Food
Economics October 5‚ 2010 An economic system consists of production‚ distribution/consumption of goods and services of an economy (Grolier). Without any of the above an economy would not become as industrialized and successful as either the United States or have the worldwide trade system Saudi Arabia maintains today. The basic economy is composed
Premium United States Mixed economy Market economy
Capitalism is the most justified economic system because it allows for competition and experimentation to further improve the standard of living for the public‚ and under the capitalist system individuals can work for their own rational self-interest while at the same time working for the greater good. In a capitalist system individuals create wealth by producing goods and services of value and do not use arbitrary force. Have great industrialists in history earned their wealth by theft and robbery
Premium Capitalism Karl Marx Marxism
Chain of command is important in a police agency and a must have. Without the chain of command I do not believe the structure and integrity of the department would be as thick with good officers and high moral standards. The leadership is placed in a position due to their experience and ability to lead by example. Our chain of command in Knox County‚ starts with the sheriff and then is followed by a number of chiefs‚ captains‚ lieutenants‚ sergeants‚ corporals‚ patrolman‚ and correction officers
Premium Police Constable Crime
. . . . . . I . . . Artful Persuasion How to Command Attention‚ Change Minds‚ and Influence People Harry Mills II . . . Special discounts on bulk quantities of AMACOM books are available to corporations‚ professional associations‚ and other organizations. For details‚ contact Special Sales Department‚ AMACOM‚ an imprint of AMA Publications‚ a division of American Management Association‚ 1601 Broadway‚ New York‚ NY 10019. Tel: 212-903-8316. Fax 212-903-8083. Web
Premium Regulatory Focus Theory Bankruptcy in the United States Persuasion
dentist appointment and the other needed to leave early to pick up an anniversary present. The “Chain of Command” concept relates to this problem because the “Chain of Command” carries orderly progressions up and down the chain for both decision making and communication to occur‚ in this particular situation it is a concern and problem because the line is clearly broken (within the “Chain of Command”) (hierarchy) not allowing for the proper formal decision making process and communication to occur.
Premium Decision making Customer service
Divine Command Theory (DCT) Definition: moral actions are those actions which are in keeping with the commands of God. Something is morally wrong "because God says so." The most obvious problem with DCT is the problem of how one determines which religious tradition has it right. To "which God" and the related religious texts should I look? Allah‚ Yahweh‚ the Christian Trinity‚ Brahma? The Qur’an‚ the Torah‚ the Christian Bible‚ the Bhagavad Gita? How does one determine which "God" is the
Premium Bible Morality Qur'an