Lecture 10: Game Theory/ Oligopoly Managerial Economics BSP 1005 D2 November 2011 Sanjeev Mohta Oligopoly Small number of firms Great deal of interdependence Interdependence leads to strategic behavior Conditions may promote collusion No single model of oligopoly Many models depending on circumstances Conclusions from some Oligopoly models The oligopoly firms will conspire and collaborate to charge the monopoly price and get monopoly profits. The oligopoly firms will compete on price
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Future Career Aspirations Answers Let’s understand with the help of an example: Interviewer: “What are you long term career aspirations?” Interviewee1: “I look forward to leverage my expertise in ‘Software Development’ at an MNC that offers me challenging job roles and a wider arena to work and perform.” Clearly‚ the interviewee is pretty assertive of his needs. He wishes to secure a job in a large organization that provides him with a higher DESIGNATION‚ a better PAY PACKAGE and more exposure
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name of the function within an organization charged with the overall responsibility for implementing strategies and policies relating to the management of individuals (i.e. the human resources). This function title is often abbreviated to the initials "HR". Human resources are a relatively modern management term‚ coined as late as the 1960s.The origins of the function arose in organizations that introduced ’welfare management’ practices and also in those that adopted the principles of ’scientific management’
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HR and OD Administrator Service: HR & Organisational Development Hours: 37 per week Salary: Scale points 8 – 13 Reference Number: Responsible to: HR Manager Responsible for: N/A _____________________________________________ The Position As a competent administrator the role holder will provide a comprehensive administrative support service for the HR & OD Team to delivery excellent services to staff and students. Main Duties and Responsibilities 1. Provides administrative support
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expertise in creating master-planned communities to international markets. Simultaneously‚ Emaar is developing new competencies in hospitality & leisure‚ malls‚ education‚ healthcare and financial services‚ which have evolved from its integrated approach to customer service and property development. OBJECTIVES OF THE STUDY Our prime objective will be to understand the overall Organizational Behavior of the selected
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curricula‚ courses‚ classes‚ and coaching) to increase reach and impact * Meet and maintain compliance‚ certification‚ and quality requirements * Simulations and Training * Employ a problem-solving approach to learning. 7. Relationship between recruitment‚ selection‚ and training HR Employees Ensure that recruitment and selection processes effectively match applicant skills and objective‚ Interests with entity staffing needs‚ job requirements‚ assignments‚ and tasks in a manner which complies
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INTRODUCTION OF TELENOR:- [pic] In Pakistan Telenor launched its operation in March 2005 as the single largest direct European investment in Pakistan‚ setting precedence for further foreign investment in the telecom sector. In a little over two years‚ Telenor have grown to become a leading telecom operator in the country. In fiscal year 2006‚ Telenor achieved nearly 200% growth in their subscriber base- The Highest in the industry by a wide margin. Telenor is the fastest growing mobile network
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A BRIEF OVERVIEW OF THE ECLECTIC APPROACH BY: Tavane Brooks-Barrett WHAT IS THE ECLECTC APPROACH? The eclectic approach is the label given to a teacher’s use of techniques and activities from a range of teaching approaches and methodologies. HISTORY OF THE ECLECTIC APPROACH The eclectic approach was proposed as a reaction to the profusion of teaching methods in the 1970’s and 1980’s. Eclecticism was first recorded to have been practiced by a group of ancient Greek and Roman philosophers who
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Learning approach for first year students in university The essay examines the comparison of surface approach and deep approach used in university students. As a fact‚ many first year students‚ regardless of majors‚ adopt surface approaches to learning. However‚ universities encourage students to accept a deep approach to learn rather than surface approach. Therefore‚ many first year students face a challenge to use which approach to achieve high academic grades. The essay presents the two opposite
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E HR solutions can provide a creative and cost effective way of delivering HR services and can be a tool in HR transformation. Do you agree? Yes I agree. To justify my response I will begin by defining and describing HR transformation What is HR transformation? HR Transformation focused on making HR operations more efficient and effective through process standardisation and technology. The next generation of HR Transformation is more tightly linked to corporate strategy and to creating business
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