I.T.S – Institute of Management Greater Noida PGDM (2013-15) Term- I Course Title : Managerial Economics Course Credits : 3 Course Faculty : Prof. Animesh Singh Learning Objectives At the end of this course‚ the student should be able to: • develop a basic understanding of economics as an important tool for taking effective managerial decisions; • develop the concept of managerial economics
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SEGI MBA Assignment on MAXIS Submitted to Ms. Ooi Lecturer Economics for Managers ECO 6073 Submitted by Group Members: 1. Waleed Mohammad Jamal - SCM - 016584 2. Md Fantasir Rahman - SCM - 016295 3. Dinara Kerimbekova - SCM - 015066 4. Aizada Aldekova - SCM - 016021 5. Tahmina Aktar Daizy - SCM - 016715 6. Mohamed Faizal - SCM - 017084 Introduction Maxis Communications Berhad is a leading mobile phone service provider in Malaysia. Maxis Communications
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BUSINESS ECONOMICS Assignment 1 Case study: Mintel batteries report a) What happened to sales of batteries in the period 2004-8? Provide a quantitative estimate. How do you explain the fact that over that period the amount of batteries sold increased whereas the value of sales declined? From figure 20 we can see that the volume of sold batteries from 2004 (584 million batteries) to 2008 (611 million batteries)
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Unit 10 Unit 10 Pricing under Imperfect Competition Structure: 10.1 Introduction Case Let Objectives 10.2 Monopoly 10.3 Price Discrimination under Monopoly 10.4 Bilateral Monopoly 10.5 Monopolistic Competition 10.6 Oligopoly 10.7 Collusive Oligopoly and Price Leadership 10.8 Duopoly 10.9 Industry Analysis 10.10 Summary 10.11 Glossary 10.12 Terminal Questions 10.13 Answers 10.14 Case Study Reference/E-Reference 10.1 Introduction In the previous unit‚ we studied about
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e Question 1 Explain what is mean by the term ‘market failure’. In your answer you must refer to the role of government in relation to each of the following. * Public goods * Merit goods * Externalities * Imperfect competition Market failure is a concept within economic theory describing when the allocation of goods and services by a free market is not efficient. Government intervention occurs when markets are not working optimally i.e. there is a Pareto sub-optimal allocation
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Oligopoly in Telecommunications Industry in Malaysia By Siaw Fong Fong P-GSM0017/14 A Term Paper Submitted for ADW 614 Managerial Economics In Partial Fulfillment of the Requirements for the Degree of Master of Business Administration Prepared for Dr. Tajul Ariffin Masron Universiti Sains Malaysia Graduate School of Business Penang May 2014 Table of Content Abstract Oligopoly & Game Theory Malaysia Telecommunications History Current Situation in Telecommunications
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real world‚ but they allow us to compare and contrast real world and model information. The information gathered can be used as a benchmark. Firms may function under four primary market structures; perfect competition‚ monopolistic competition‚ oligopoly‚ and monopoly. These market structures affect a market’s outcomes based on its influence over a firm’s behavior and profit opportunity. The first section of this paper will provide a detailed analysis of the four market structures which can be
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The theory of monopoly 9 Section 3: The theory of monopolistic competition and oligopoly 13 Section 4: Resource allocation/externalities 19 Section 5: Suggested solutions 23 INTRODUCTION There are basically two types of market situation: (a) Perfect competition – in this market‚ firms have no influence; they are price takers. (b) Imperfect competition – this market includes monopoly‚ oligopoly and monopolistic competition; firms are price makers and can influence the market place
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HOW DID THE FORMATION OF MONOPOLIES AFFECT THE US and ARE MONOPOLIES GOOD OR BAD? Definition: A monopoly is a business that’s the only provider of a good or service. That gives it a tremendous competitive advantage over any other company that tries to provide a similar product. Some companies become monopolies through vertical integration. They control the entire supply chain‚ from production to retail. Others use horizontal integration. They buy up competitors until they are the only ones left
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Cost Push theory‚ on the other hand‚ states that inflation occurs when the cost of producing rises and the increase is passed on to consumers. The cost of production can rise because of rising labor costs or when the producing firm is a monopoly or oligopoly and raises prices‚ cost of imported raw material rises due to exchange rate changes‚ and external factors‚ such as natural calamities or an increase in the economic power of a certain country. An increase in indirect taxes can also lead to increased
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