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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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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Copyright © 2013 by The McGraw-Hill Companies‚ Inc. All rights reserved. Chapter 08 Reporting and Analyzing Long-Term Assets Conceptual Learning Objectives C1: Explain the cost principle for computing the cost of plant assets. C2: Distinguish between revenue and capital expenditures‚ and account for them. C3: Explain depreciation for partial years and changes in estimates. 8-3 Analytical Learning Objectives A1: Compute total asset turnover and apply it to analyze a company’s use of assets
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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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meeting with Daisy at Nick’s climax · There are two possible climaxes: Gatsby’s reunion with Daisy in Chapters 5–6; the confrontation between Gatsby and Tom in the Plaza Hotel in Chapter 7. falling action · Daisy’s rejection of Gatsby‚ Myrtle’s death‚ Gatsby’s murder themes · The decline of the American dream‚ the spirit of the 1920s‚ the difference between social classes‚ the role of symbols in the human conception of meaning‚ the role of the past in dreams of the future motifs · The connection
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1. Introduction The purpose of this report is to describe the results of why PowerPoint should be incorporated into interpersonal communication lectures at the University of Minnesota. The findings in this report end with a recommendation to the professor of Communication 3402‚ stating that when PowerPoint is effectively planned and used it can enhance classroom instruction. I have noticed that when class is instructed in Comm. 3402‚ the message is targeted towards students’ that are auditory learners
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Republic of the Philippines BULACAN AGRICULTURAL STATE COLLEGE Pinaod‚ San Ildefonso‚ Bulacan Prepared by: * Jaymarie O. San Pedro BSEd III- English Prepared for: * Mrs. Ana Marie D. Argamosa I. OBJECTIVES At the end of the lessons‚ the students should be able to: 1. enumerate the classes of nouns 2. define the meaning of each noun 3. appreciate the importance of understanding the classes of nouns II. SUBJECT
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1. I want to start with a picture of a doughnut. The reason why is because when we see it you begin to salivate because you might want to eat a doughnut. But it also has a hole in it‚ and if you were to stick your finger through the hole in a doughnut‚ that a lot like food moving through the hole that is your digestive system. In other words its going to move all the way from your mouth out your anus. But its not realy inside of you. When you stick your finger through the hole of a doughnut it not
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Criminal Law Criminal law is the responsibility of the States. The Commonwealth can enact criminal matters that arise under its constitutional powers‚ such as importing/exporting drugs and other prohibited items (under its customs power) Structure of the Unit Offences Defences Punishmen t PART 1: OFFENCES Refer to group presentation power points Textbook pages will cover most major offences Refer to Queensland Criminal Code (1899)for more detail Part 2: Defences • Chapter 5 of
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information‚ and to create graphs or charts. Microsoft PowerPoint is a presentation software application that allows you to combine text and graphics for screen presentations. The main purpose of Microsoft PowerPoint is to allow or to create outstanding‚ informational slides with the use of text‚ graphics and animation. Microsoft PowerPoint is mainly used in the workplace to present information or slideshows in a conference or a meeting. They use PowerPoint to present ideas‚ products‚ or ways to improve
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