Assess the view that making an oligopolistic market more contestable is the best way to improve the efficiency of that market. The theory of perfectly contestable markets was presented as a generalization of the theory of perfectly competitive markets and was presented as providing guidelines for the conduct of regulation‚ namely to allow freedom of entry and exit and to ensure equal access of competitors. An oligopolistic market is a particular market that is controlled by a small number of firms
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Collusion is a secret agreement for illegal purposes or in other word is the conspiracy. Meanwhile‚ nepotism means the favoring of relative or personal friends because of their relationship rather than because of their ability. For example‚ the Selayang Municipal
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PGD- (BTEC-Level-7) Extended diploma in Strategic Management & Leadership Assignment Unit Title - 10: Strategic Human Resource Management PGD- (BTEC-Level-7) Extended diploma in Strategic Management & Leadership Assignment Brief Unit Title - 10: Strategic Human Resource Management Lecturer: ....................... Date of issue: ................................. Start Date: ................................. Draft: ........................................ Submission Date: ....................
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that may be involved in assessment in own area of responsibility. The candidate assessor provides evidence that they understand the following risks; • Health and safety • Unrealistic/unnecessary stress on the learner • Inauthentic evidence/collusion/unjustifiable support to the learner • Over-assessment • Potential for unfairness to learner • Failing to meet the requirements of any relevant assessment strategy if assessing a qualification Risk on the grounds of health and safety is not
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firm can gain more market share. Oligopoly market‚ which can be seen as advantages for consumers because of its similar and stable prices‚ the products are highly differentiation as well. Besides‚ there is a main disadvantage which is caused by the collusion. Figure 1: UK Market Share (Single Marketing Ltd‚ 2009) SUPERMARKET SHARE Tesco: 30.6% Asda: 16.6% Sainsbury’s: 16.3% Morrison’s: 11.1% Summerfield: 5.4% Waitrose: 3.7% Iceland: 1.8% Source: TNS Figure 2: Supermarket Share
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INTRODUCTION A cartel is a group of formally independent producers whose goal it is to fix prices‚ to limit supply and to limit competition. Cartels are prohibited by antitrust laws in most countries; however‚ they continue to exist nationally and internationally‚ formally and informally. A single entity that holds a monopoly cannot be a cartel‚ though it may be guilty of abusing said monopoly in other ways. As such‚ it is inaccurate to describe (for example) Microsoft or AT&T as cartels. Cartels
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Essay n°=1: Describe the methods used to calculate value added. How does value added contribute towards understanding the connections between the business and its product markets? Use relevant examples to illustrate points. Within the framework of value added in general‚ Pigou and Bernard Cox suggested the calculation of Value Added that is used for classical nationals accounts. In 1920‚ Pigou gave his interpretation of value added‚ consisting of being able to precisely determine the earnings
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IB Economics HL Commentary IB Economics Commentary Commentary Number: HL Number 2 Title of Extract: Airline Competition 1980-2010 R.I.P. Extract Source: The Travel Insider Date of Extract: Originally published 12 Mar 2010‚ last update 28 May 2011 Commentary Word Count: 747 Commentary Date: 2nd September 2011 Section of Syllabus to which the Commentary relates to: Section 2 (Microeconomics) Session: May 2012 Session Number:
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Page 1 of 11 Kensington College of Business Centre Code: 10149 Programme Title BTEC HIGHER NATIONAL DIPLOMA IN BUSINESS LEVEL 4 Unit No. 1 Assessment No. 1 Assessor Athar Naqvi Date Given 19/09/2014 Unit Title Student ID Batch Code Assessment Title Total Word Count Date Due The Internet and E-Business The Internet and E-Business 4000 words approx. (10% +-) 19/11/ 2014 Date Submitted Student Name QFC/0213/L4/B QCF/0913/L4/B?? Group No Full time/Part time UNIT OUTCOMES Outcome Evidence
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To Negotiation Agreement. Leahy Airbus and Boeing are competing for market share through price cuts. In a volatile industrial market this guarantees major advantages in the bidding process. We‚ of course‚ cannot and would not counsel collusion between the aircraft makers. But‚ both firms would be better off with less aggressive price discounting. One of Boeing’s failings is to not have a European working on business in that part of the world. Notice how Airbus has hired an American (Leahy)
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