economy. Q2. What are the four major types of markets in microeconomic analysis? What are the key characteristics that distinguish these markets? Following are the four major types of markets in microeconomics along with their characteristics Perfect competition Large number of firms Each firm produces an identical good or service Easy for new firms to enter the market Complete information to all buyers and sellers in the market Monopolistic competition Large number of firms Each firm
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Gogol as the Perfect Namesake In Jhumpa Lahiri’s novel The Namesake‚ Indian parents bestow a Russian name to their first born baby boy; the name is Gogol Ganguli which is after the famous Russian writer‚ Nikolai V. Gogol. In Lahiri’s novel‚ the main character fights an identity crisis because of his highly unusual name. Gogol carries uncertainty about himself throughout the novel because of his name‚ “He hates his name . . . that is has nothing to do with who he is‚ that it is neither Indian nor
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CHAPTER 9—PERFECT COMPETITION HOME WORK 1. Market structure is determined by the a. volume of discounts‚ the quantity of foreign exchange‚ and the effects of Federal Reserve policy b. influence of government policy‚ the number of qualified buyers‚ and the effect of generally accepted accounting principles c. number of buyers and sellers‚ whether the product is standardized‚ whether there is free entry and exit‚ and how well informed the buyers and sellers are about the market d.
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Bandung‚ the Perfect Weekend Getaway Have you been wondering to which holiday destination should you visit? Or are you dreading to have the perfect weekend getaway but don’t know any place? Trust me‚ you don’t have to worry anymore because the answer is Bandung! It is one of the sophisticated cities in Indonesia that has incredibly panoramic views‚ delectable food and satisfying services as Bandung is known to be a popular tourist attraction. Bandung has a breath-taking garden views. Tourists
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producers sell products that are differentiated from one another as goods but not perfect substitutes (such as from branding‚ quality‚ or location). In monopolistic competition‚ a firm takes the prices charged by its rivals as given and ignores the impact of its own prices on the prices of other firms.[1][2] In the presence of coercive government‚ monopolistic competition will fall into government-granted monopoly. Unlike perfect competition‚ the firm maintains spare capacity. Models of monopolistic competition
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is meant by a perfect English. The class started off with the right momentum‚ everybody was engaged and involved in the discussion. Interns and facilitators knew that the conclusion to the discussion was to reach a consensus with students that there is no such thing as a perfect English and at the end‚ what mattered was a perfect grammar. Perhaps it was because we were less prepared in determining the scope of the discussion‚ we ended up slightly touching on the subject of “perfect English” and diverted
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saving‚ present progressive c. Have been‚ present perfect simple d. Have been going‚ present perfect progressive e. Had spent‚ past perfect f. had been sleeping‚ past perfect progressive and turned‚ simple past g. have been awarded‚ present perfect passive 2.2 a. ‘I read the report this morning’ is in the past simple tense‚ describing a completed action‚ something which is over‚ whereas ‘I’ve read the report this morning’ is in the present perfect tense‚ indicating that the action is not necessarily
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Q.No 1- Inflation is a global Phenomenon which is associated with high price causes decline in the value for money. It exists when the amount of money in the country is in excess of the physical volume of goods and services. Explain the reasons for this monetary phenomenon. Inflation is commonly understood as a situation of substantial and rapid increase in the level of prices and consequent deterioration in the value of money over period of time. It refers to the advantage rise in the general
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My "Perfect" City I. Utilities The city I propose as a perfect city‚ would be as close to an ecocity as possible‚ although have some differences. For example‚ for electrical needs‚ I would suggest the city have a solar power plant‚ but on those desperate times‚ energy would be bought from other electrical plants from nearby towns or states. Water purification and a wastewater treatment plants would be necessary in order to provide the citizens and visitors with clean
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The Perfect Boyfriend - College Essay When I describe the perfect boyfriend I could have‚ I think of one I already had. When I was a sophomore‚ I met a different kind of boy. One who was sweet‚ and warm and funny: different. He was a puzzle piece that didn’t fit the rest of the puzzle and just right for me. Before him‚ I always thought my first love was my first boyfriend‚ but no‚ this one was. The first thing I noticed was his dark chocolate brown eyes‚ and I was hooked. He had soft‚ floppy
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