period to end therefore‚ the original drug maker would not be able to charge the monopoly price for very long because competitors could quickly engineer generic versions. The original producer would no longer be a price maker and instead need to follow profit maximization rules of a competitive market by producing the quantity where marginal revenue equals marginal cost and charge a price equal to marginal marginal revenue. Since the original drug maker will not be able to benefit from monopoly
Premium Economics Monopoly Generic drug
FINA 3023 Financial Markets & Institutions Class 15 Today s Today’s class The role of financial intermediaries Brokers and dealers Problems in (financial) markets: Asymmetric i f A t i information ti Adverse selection Moral hazard Chapter 8 p 2 The market for “lemons” lemons When‚ in a market‚ sellers of a product know more (asymmetric information) about it than the buyers‚ the market does not function properly. properly “The Market for Lemons: Quality Uncertainty
Premium Financial market Financial markets Information asymmetry
would you boil down Kent’s analytic doctrine in understandable terms for policymakers? Kent explains in the document “Tensions in Analyst-Policymaker Relation” that there needs to be a relationship between the analyst and the policymaker. The policy-maker will criticize the analyst work to ensure that the evidence has been evaluated‚ the recommendations are not vague or biased and that alternative explanation and projections have been considered. He sums up the job of the analyst by stating “the mission
Premium Policy
Teen Cute teen get fucked by old man Teen fucked by old man15:2 Big blonde girl gets cock riding on o. Burn a DVD-Video disc with Windows DVD Maker Windows DVD Maker is a feature you can use to make DVDs that you can watch on a computer or on a TV using a regular DVD player. The quickest way to make a DVD is to add pictures and videos in Windows DVD Maker‚ and then burn your DVD. If you want to get creative‚ you can customize the DVD menu style and text before you burn the DVD. Play your DVD on
Premium
4. Explain how perception affects the decisionmaking process. 5. Outline the six steps in the rational decisionmaking model. O B J E C T I V E S (cont’d) LEARNING Outline continues: 1. Describe the action of a boundedly rational decision maker. 2. Identify the conditions in which individuals are most likely to use intuition in decision making. 3. Describe four styles of decision making. 4. Define heuristics and explain how they bias decisions. 5. Contrast the three ethical decision criteria
Premium Decision making Problem solving
character of negotiability to other instruments. 1. Promissory notes Section 4 of the Act defines‚ “A promissory note is an instrument in writing (note being a bank-note or a currency note) containing an unconditional undertaking‚ signed by the maker‚ to pay a certain sum of money to or to the order of a certain person‚ or to the bearer of the instruments.” Essential elements An instrument to be a promissory note must possess the following elements: 1. It must be in writing: A mere verbal
Premium Promissory note
is to provide scientific‚ impersonal and objective information in order to shift decision makers from risky intuitive decisions to decisions based on systematic and objective investigations. There are two types of business research methods that can be used in business‚ the pure or basic research and the applied research. Basic research attempts to expand the limits of knowledge and is used by decision makers who just need to gain an idea of a particular situation or area of interest. This type of
Premium Decision making Research Business Decision Mapping
Sand maker is specially suitable for making sand for buildings‚ road building. Yifan Machinery Sand making machine is widely used in various ores‚cement‚refractories‚mechanism building sand‚stone and various metallurgical slag.With increasingly promoting nation-building ‚ the role of sand making machine is more and more obvious.Therefore Sand maker performance and development has become the focus of everyone’s attention. http://www.sandmakingmachine.net/Crusher Sand making machine‚sand maker: http://www
Premium Concrete Material Energy
the information so the policy maker can ascertain the information is relevant and to the current situation. Sherman Kent who understood these challenges‚ once stated that he‚ “experienced frustrations as well as successes”‚ with what he saw as “the central professional challenge of simultaneous service to two demanding masters—analytic integrity and policy clients…” Because there is a constant problem with either being to close or too distant from the policy maker it has been understood by both
Premium Policy Scientific method Evaluation
1.1 Introduction Decision Making is very important thing that we do in everyday lives. According to Harris‚ R (2010)‚ decision making is the study of identifying and choosing alternatives based on the values and preferences of the decision maker and making a decision implies that there are alternative choices to be considered. In addition‚ we are not on to identify as many of those alternatives as possible but to choose the one that has the highest probability of effectiveness. Just as there are
Premium Decision making Decision theory Risk