This essay will look at efficiency between both a monopoly and a perfect competition‚ and whether a monopoly is necessarily less efficient than perfect competition. Using diagrams and equations reflecting the optimal choice of output‚ marginal revenue and marginal cost for monopolies‚ I will explain how efficiency is affected by low levels of production. At the same time monopolies can increase efficiency due to their ability in price discrimination‚ they price people differently and therefore
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CAPITAL MARKET : INDISPENSABLE FOR A COUNTRY’S ECONOMY Capital Market is one of the significant aspect of every Financial Market. Therefore it is necessary to study its correct meaning. Broadly speaking the capital market is the market for financial assets which have a indefinite maturity. Unlike money market instruments‚ the capital instruments become mature for the period above one year. It consists of finanacial institutions like IDBI‚ LIC‚ UTI‚ etc. These institutions play the role of the
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Land‚ a critically important national resource‚ supports all living organisms including plants as well as every primary production system such as roads‚ industries‚ communication and storage for surface and ground water‚among others. The soil profile of land determines its ability to serve socio-economic needs. It has been estimated that more than 5‚000 million tonnes of top soil is eroded annually alongwith about 5 million tonnes of nutrients. About a third of this is lost to the sea‚
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WATER RESOURCES Water is an essential element to our everyday existence. Its role is vital in the sustenance of all life forms‚ as well as in agricultural‚ industrial‚ households‚ recreational and environmental activities. As population continues to rise‚ so does the demand for fresh water too. Water is a major factor shaping the natural environment. It has a long-term influence on the vegetation‚ fauna‚ and shape of the landscape and on various ecosystems. 1‚830 SQ KILOMETERS OF PHILIPPINE
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Natural resources occur naturally within environments that exist relatively undisturbed by humanity‚ in a natural form. A natural resourceis often characterized by amounts of biodiversity and geodiversity existent in various ecosystems. Natural resources are derived from the environment. Some of them are essential for our survival while most are used for satisfying our needs. Natural resources may be further classified in different ways. Natural resources are materials and components (something
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HRMANAGEMENT CASE HUMAN RESOURCE MANAGEMENT Includes: human resource planning; recruitment‚ selection‚ and hiring of new employees; the orientation‚ training‚ and appraisal of current employees; and employee remuneration‚ motivation‚ and retention. You are to assume the newly-created position of Human Resource Director for a medium sized firm with over 600 employees. The firm has experienced significant expansion in the past few years; the human resource department and its functions
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the central components of microeconomics: demand‚ supply‚ and market equilibrium. 4. Define the elasticity of demand. Assignment 2 There four types of market structures that exist‚ and these are perfect competition‚ monopolistic competition‚ monopoly and oligopoly. These categories have been made to help people understand how businesses operate and how prices‚ outputs and profits are determined. The four market structure types are there mainly for the purposes of organization. Competition is
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Water resources are sources of water that are useful or potentially useful. Uses of water include agricultural‚ industrial‚ household‚ recreational and environmental activities. Virtually all of these human uses require fresh water. 97% of the water on the Earth is salt water. However‚ only three percent is fresh water; slightly over two thirds of this is frozen in glaciers and polar ice caps.[1] The remaining unfrozen freshwater is found mainly as groundwater‚ with only a small fraction present
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ACCOUNTING FOR MATERIALS A company’s inventory records should show (1) the quantity of each kind of material on hand and (2) its cost. The most desirable method of achieving this result is to integrate the materials accounting system with the general ledger accounts. All purchases of materials on account are recorded as a debit to Materials in the general ledger. The materials account is a control account that is supported by a subsidiary materials ledger containing an individual account for each
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Chapter Outline Preface Chapter Title Page Preface Outline 1 I Introduction 2 A The Canadian Cable Television Industry 2 II Details 3 A Model 3 B Data 4 III Externality Effect 10 III Comparison with Telephone Industry 12 IV References 14 Table Title Page 1.1 2003 Market Share of Canadian Cable Companies. 2 2.1 Canadian Cable Industry 5 2.2 Rogers Communications Incorporation 7 2.3 Shaw Communications Incorporation 8 2.4 Cogeco Cable Company 9 3.1 Marginal Private
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