Price Determination under Monopoly Monopoly is that market form in which a single producer controls the whole supply of a single commodity which has no close substitute. From this definition there are two points that must be noted: (i) Single Producer: There must be only one producer who may be anindividual‚ a partnership firm or a joint stock company.Thus single firmconstitutes the industry.The distinction between firm and industry disappearsunder conditions of monopoly. (ii) No Close Substitute: The
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Theme of Bride Price The Bride Price‚ a story written by Buchi Emecheta‚ reflects a misery life of a Nigerian girl‚ Aku-nna. The absent of her father in the family had dramatically changed her life. Her bride price that she would get before getting married caused many troubles within her family. After reading this story‚ we can see the practice of customs‚ the system of value and the belief of local Nigerians are the main themes discussed in the story. First of all‚ it ’s about practice of customs
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Discrimination is a complex issue that affects everyone. It involves all races‚ sexes and religions. Subtle discrimination exists in the workplace‚ whether people want to accept it or not. Recognizing this fact is the key to overcoming the obstacles of cultural differences and to successfully integrating all levels of the corporate world. Ann Hopkins had been with Price Waterhouse ’s Office of Government Services in Washington‚ D.C.‚ for five years when the partners in her office proposed
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for Microminiature Electronics Repair‚ 2M Technician Recertifier‚ and 2M Technician Recertifier Requalification‚ Sergeant Price ensured curriculum material and testing were properly administered to over 325 students across 35 individual course convenes. His attention to detail resulted in a 98% completion rate over the three courses he supervised. In addition‚ Sergeant Price was individually acknowledged by members of the certifying authority for having been the best instructor of the curriculum
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Macroeconomics LP4 Assignment A price ceiling is a sort of price control governments have imposed to control the price when the price is higher than it should be. Sellers try to sell more of their product because the price is high. But buyers do not want to buy at that price. Price ceilings commonly lead to shortages and are typically associated with long lines. When a new toy or video game comes out there is usually some kind of wait‚ whether in line or on a waiting list. When “tickle me
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to the table in question 8. Suppose that the government establishes a price ceiling of $3.70 for wheat. What might prompt the government to establish this price ceiling? Explain carefully the main effects. Demonstrate your answer graphically. Next‚ suppose that the government establishes a price floor of $4.60 for wheat. What will be the main effects of this price floor? Demonstrate your answer graphically. Answer: At a price of $3.70‚ buyers will wish to purchase 80‚000 bushels‚ but sellers will
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Gender Discrimination Written by: Brent Davey TABLE OF CONTENTS Introduction--------------------------------------------------------------------3 Gender Discrimination Defined-------------------------------------------3 Gender Discrimination at Work-------------------------------------------5 Gender Discrimination and Politics--------------------------------------6 Conclusion---------------------------------------------------------------------6 Works Cited-------------------------------------------------------------------8
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Gender‚ and Discrimination Within Sports and the Media When considering the largest industries and markets in the world‚ most individuals would immediately consider retail‚ food‚ or even banking‚ however‚ the sports industry is quickly becoming one of the more lucrative and fastest growing markets in the United States. According to Forbes‚ the sports industry is expected to be worth over 73 billion dollars by the end of 2019. Although the sports industry is growing at such a rapid pace‚ and can be viewed
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Write a 100- to 200-word response to each of the following questions. Provide citations for all the sources you use. What is discrimination? How is discrimination different from prejudice and stereotyping? Discrimination is the denial of opportunities and equal rights to individuals and groups because of prejudice or for other arbitrary reasons. (Racial and Ethnic Groups - Chp. 3‚pg.61) Discrimination is different from prejudice in the following ways. Prejudice depends upon how a person
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How Oil Prices Affect the Price of Food By Post Carbon | Wed‚ 21 December 2011 18:07 The current global food system is highly fuel- and transport-dependent. Fuels will almost certainly become less affordable in the near and medium term‚ making the current‚ highly fuel-dependent agricultural production system less secure and food less affordable. It is therefore necessary to promote food self-sufficiency and reduce the need for fuel inputs to the food system at all levels. The connection between
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