MARKET STRUCTURES IN THE PHILIPPINES “A term paper submitted as a partial fulfillment of the requirements in Microeconomics” Submitted by : Jake Kevin P Borja BSBM – IIB Submitted to: Ms. Azelle Agdon Date of submision : October 10‚ 2012 I. Introduction Any study of economics has to begin with an understanding of the basic market structure of the country. An economy is made up of producers of goods and services‚ of
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Demand‚ Supply and Market Equilibrium Every market has a demand side and a supply side and where these two forces are in balance it is said that the markets are at equilibrium. The Demand Schedule: The Demand side can be represented by law of downward sloping demand curve. When the price of commodity is raised (ad other things held constant)‚ buyers tend to buy less of the commodity. Similarly when the price is lowered‚ other things being constant‚ quantity demanded increases. The above
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1) Explain the terms ‘Monopoly’ and ‘Monopolistic Competition’ (4 marks) Monopoly A monopoly is a market structure in which a single company or individual owns all or nearly all of the market for a given type of product or service with no or close substitute. This would happen in the case that there is a barrier to entry into the industry that allows the single company to operate without competition (for example‚ vast economies of scale‚ barriers to entry‚ or governmental regulation)
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Solution for ACL Question 100% Correct http://img220.imageshack.us/i/acllabc.jpg/ A corporation wants to add security to its network. The requirements are: y y y y Host C shoulb be able to use a web browser(HTTP)to access the Finance Web Server Other types of access from host C to the Finance Web Server should be blocked. All acces from hosts in the Core or local LAN to the Finance We b Server should be blocked All hosts in the Core and local LAN should be able to acces the Plublic Web Server
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Device Interface IP Address Subnet Mask VLAN 1 255.255.255.0 VLAN 1 255.255.255.0 NIC 255.255.255.0 NIC 255.255.255.0 Objectives Configure hostnames and IP addresses on two Cisco Internetwork Operating System (IOS) switches using the command-line interface (CLI). Use Cisco IOS commands to specify or limit access to the device configurations. Use IOS commands to save the running configuration. Configure two host devices with IP addresses. Verify connectivity between
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MARKET DEFINITION AND MARKET POWER IN COMPETITION ANALYSIS The Economic and Social Review‚ Vol. 31‚ No. 4‚ October‚ 2000‚ pp. 309-328 309 Market Definition and Market Power in Competition Analysis: Some Practical Issues PATRICK MASSEY* Competition Authority Abstract: Market definition plays a key role in competition analysis and has often proved controversial. However‚ it is merely a means to an end‚ the real issue being to establish whether or not firms have significant market power
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DEMAND‚ SUPPLY AND MARKET EQUILIBRIUM The term ‘price’ has a great relevance in economics. In ordinary usage‚ price is the quantity of payment or compensation given by one party to another in return for goods and services. It is generally expressed in terms of units of some form of currency. But how does a product sell for a certain price‚ what constitutes the price of a product and how is the price determined is the bigger question. In economics‚ for a competitive market the prices for
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Chapter 3—Understanding markets‚ market demand and the marketing environment Marketing information system (MIS) consists of people‚ equipment‚ and procedures to gather‚ sort‚ analyze‚ evaluate and distribute information to people that make marketing decisions. Internal records are handled by sales representative and other staff included in the selling and shipping process. Marketing intelligence system is set of procedures and sources used by managers to obtain everyday information about developments
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its long-term profitability. You will evaluate the differences between market structures and review the organization’s strategic plan‚ marketing overview‚ market surveys‚ and other material to evaluate the organization’s competitiveness in the marketplace‚ including its customers’ views. In the process‚ you will identify the market structure that you believe best applies to this organization‚ and assess how the market structure positively and negatively affects the firm’s long-term profitability.
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is the only switch supplier whose product has been improving consistently over the past few years. (Lucent Widens‚ 2000) ← The 5ESS Switch is the most widely deployed switch in the world‚ providing service in 66 countries around the world and serving for next-generation networks based on packet technology. (5ESS Switch‚ 2002) ← Lucent maintained its NO.1 position in worldwide universal port shipments for the sixth consecutive quarter by capturing 48% market share for the second quarter calendar
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