(i) Collusion is common among oligopoly firms. Discuss the factors that make collusion likely to succeed. Use the relevant industry to support your answer. Oligopolistic firms are known to be independent as there are only a few sellers dominating the market; therefore changes in the price‚ sales or output of a firm will surely affect their competitors. The telecommunication industry in Malaysia exhibits the oligopoly market. For instance‚ Maxis or Digi customers are more likely to subscribe to Celcom
Premium Supply and demand Cartel Microeconomics
Essay on Bless Me Ultima In the story Bless Me Ultima by Rudolfo Anaya‚ there are clues that are left throughout the story that lead the reader to one of two conclusions depending on how the reader sees the characters and there actions. the first conclusion is that Ultima is a messenger form satin and is working for the devil himself. The second conclusion is that Ultima is a person that walks the earth and preforms miracles and saves lives through the use of her magic and power. Ever person
Premium Rudolfo Anaya English-language films
A CONSUMER’S REPORT 1. Who is being addressed? What pronoun is being used? Is this appropriate? The manufacturer’ (i.e. God‚ Allah) but not parents. You is the pronoun‚ second person. It takes a lot for granted to be addressing God in such a manner. 2. Who is the narrator? What pronoun is being used? What is the effect? The symbolic everyman or woman. First person singular is used. The effect is to ask genuine questions and make personalized statements‚ yet with ironic humour given the
Premium Question Grammatical person Sentence
CNN-Money assignment Presented to Prof. Dr. Iman Zaky By Dr. Adham ABulnour Article: Fiat 500L: A really big tiny car The new larger Fiat is still very small but somehow manages to have a giant-sized interior. http://money.cnn.com/gallery/autos/2013/08/28/fiat-500l/index.html?iid=HP_Highlight Interpretation Microscale or Macroscale economy? The article deals with the microscale economics of the Fiat Corporation private cars industry with a special focus on the Fiat 500 series. Macroscale
Premium Economics Opportunity cost Automotive industry
Consumer Reports 1535 Mission Street San Francisco‚ CA 94103-2512 Dear Consumer Reports: Imagine your life without the iPhone 4S. You would have many inconveniences and troubles. You would have battery shortages on your cell phone and you would carry unnecessary weight with you. My name is Matthew Wong. I believe that the iPhone 4s is better than the Samsung Galaxy S II. If you’re new to the “smartphone” world‚ you may not know which smartphone to choose. Is it Apple’s iPhone 4s‚ which seems
Premium Mobile phone Smartphone
Question 1) With examples give 5 reasons why the study of microeconomics is important. Microeconomics is a field of economic study that focuses on how an individual ’s behaviour and decisions affect the supply and demand for goods and services. For the purpose of microeconomics‚ the actions of individuals‚ households and businesses are crucial‚ unlike the study of macroeconomics‚ which focuses on national and international economic trends. Despite the differences between the two fields‚ however
Premium Economics Supply and demand Macroeconomics
Consumer Report 1 Consumer Union & Consumer Report Sim Yi’en Evynn MT219 - 26 Consumer Report 2 There are five consumer buying decision processes and they are problem recognition‚ information search‚ evaluation of alternatives‚ purchase decision and post-purchase evaluation. In my opinion‚ Consumer Reports information most impact information search. Information search involve two aspects of information search‚ the internal search and external search. As to how Consumer
Premium Decision making Decision theory Decision making software
EC 3101: Microeconomic Analysis II A/P Indranil A/P Indranil Chakraborty All relevant details on EC3101 are in the syllabus The morning office hours on Tuesday will start from the third week of lectures t tf th thi d k fl t Important Highlights Important Highlights • Text book: Intermediate Microeconomics: A modern h approach by Hal R. Varian (8th edition) One midterm and one final exam Please do not email material‚ lecture or exam related questions. Post your questions precisely on IVLE Forum or ask
Premium Consumer theory Preference Microeconomics
whether each of the following statements applies to microeconomics or macroeconomics‚ and why: 12 Marks Total a. The unemployment rate in Canada was 7.0 percent in January 2010 Answer: This is the macroeconomic statement because it describes the unemployment rate of the whole country. b. A Canadian software firm discharged 15 workers last month and transferred the work to India. Answer: This is the microeconomic statement because it focuses in an individual Canadian
Premium Economics
Microeconomics (from Greek prefix mikro- meaning "small" and economics) is a branch of economics that studies the behavior of individuals and small impacting players in making decisions on the allocation of limited resources (see scarcity).[1] Typically‚ it applies to markets where goods or services are bought and sold. Microeconomics examines how these decisions and behaviors affect the supply and demand for goods and services‚ which determines prices‚ and how prices‚ in turn‚ determine the quantity
Premium Economics Microeconomics Supply and demand