OLIGOPOLY INTRODUCTION Oligopolists maximize their total profits by forming a cartel and acting like a monopolist. Yet‚ if oligopolists make decisions about production levels individually‚ the result is a greater quantity and a lower price than under the monopoly outcome. The larger the number of firms in the oligopoly‚ the closer the quantity and price will be to the levels that would prevail under competition. The prisoners’ dilemma shows that self-interest can prevent people from maintaining
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industry. For example‚ a gallon of gas today costs $3.14 9/10. When filling up at the gas station‚ gallons of gas are measured to within hundredths of a gallon for precise calculation of the cost. Conversely‚ crab can be priced at $35.00 a bushel‚ but the amount of crab in a bushel is not as precisely measured. Instead it is based upon how many crab can fit into the basket‚ not the number of pounds. The same cannot be said for bottled water however. At the self-service stand‚ a gallon of water costs $0
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Diesel Fuel is the Future Craig W. Brown COMM/215 March 3‚ 2013 RODNEY SPRAUVE Diesel Fuel is the Future Even though the cost of diesel is higher per gallon‚ diesel Fuel is more efficient because diesel fuel burns hotter creating more energy and it requires less to refine. Diesel fuel is more efficient than the internal combustion engine due to the higher temperature of combustion and greater expansion ratio. The typical gasoline engine is 30% efficient while the diesel engine normally
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distribution would need to sell $247‚272 or 224‚793 gallons to break even. This amount is not out of reach when calculating the market potential. The market potential calculated in Table 2. The table uses 2002 estimates to approximate the first full year of production for the South Delaware Coors distribution. When total sale is multiplied with the wholesale price per gallon‚ the potential market for the distribution is 415‚128 gallons. This potential market gallons sold is higher than the break even amount
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cup heavy cream - 1-gallon plastic bag - 1/4 cup sugar - thermometer - 1 teaspoon vanilla - measuring cup & spoon - 3/4 cup NaCl - 2 cup ice 2. Add the sugar‚ milk‚ heavy cream and vanilla to the quart size bag. Seal the bag. 3. Put 2 cups of ice into the gallon plastic bag. 4. Use a thermometer to measure and record the temperature of the ice in the gallon bag. 5. Add 3/4 cup salt
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of three different vehicles using Regular‚ Mid and Premium grade fuel. The vehicles chosen are a 1996 Mitsubishi Mirage‚ 2011 Volkswagen Golf‚ and a 2005 Nissan Xterra. This comparison is estimated by calculating the cost of fuel based on Miles Per Gallon (MPG) for both Highway and City mileage for each vehicle. The MPG for each vehicle is based on information found on the website fueleconomy.gov. The total mileage used is 15‚000‚ assuming 80% highway miles and 20% city miles are driven. MPG fluctuates
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provides water for Departments A‚B and C and has prepared its total budget using the following information for the next year:- Fixed Costs $300‚000 Budgeted Gallon Usage:- Variable Costs $0.10 per gallon Dept. A 2‚500‚000 gallons Available capacity 10‚000‚000 gallons Dept. B 2‚000‚000 gallons Dept C 1‚500‚000 gallons Instructions: Assuming that the single-rate method is used and the allocation base is budgeted usage. How much water cost will be allocated to Dept. A‚ B and
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ac.nz/library/learning/g_apaguide.shtml 2) Harvard referencing style Examples : i) Books / Reports Author/s (surname then initials‚ commas between multiple authors‚ use & between two authors) Year‚ Title‚ Publisher‚ Place of publication. (a) Coates‚ G. 2002‚ The rise and fall of the Southern Alps‚ Canterbury University Press‚ Christchurch‚ N.Z. (b) Soons‚ J. M. & Selby‚ M. J. (eds) 1992‚ Landforms of New Zealand‚ Longman Paul‚ Auckland ‚ N.Z. ii) Journals / Magazines / Newspapers Author/s
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day. The products that are produced are varieties of different milk‚ half and half‚ and manufacturing cream. In order to determine how to solve this business problem‚ I will need to create some random numbers with how many gallons of milk the silos hold on site‚ how many gallons of the varieties of milk that are processed and produced‚ how many
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How the value of dollar is vaporized Throughout the history of currency‚ the true value of money has always been changing. Even today‚ the value of dollar is changing every day. It is hard to define the value of money‚ for economists‚ they may use gold/silver standard to value money; but in order to be closer to everyday life‚ I will use “milk” as a rule for measuring the purchasing power of money. Milk as an agricultural product‚ its production does not affect by the improvement of technology
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