1 Reasons for inefficiency in monopolies 1.1 Monopolies and pricing A monopoly prices its products where marginal costs meet marginal revenues to maximise profits. Due to the fact that this price is higher than the market price in perfect competition‚ many consumers are not able or willing to buy at the higher price. This deadweight loss is an allocative inefficiency. Figure 1: Pricing in monopolies and perfect competition The consumer surplus in perfect competition is 1+2+4‚ and
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Diverse environment in an organization‚ where brings some benefits‚ has potential to bring some harms. Companies develop policies and procedures to leverage the advantages of diversity and minimize the disadvantages. Employees with diverse cultures and backgrounds bring unique experiences‚ skills‚ and ideas on the table in a workplace. Companies take advantage of diverse knowledge of their workforce and strengthen productivity. Each worker in a diverse workplace possesses unique experience from his
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B. The Age of Reason and Revolution (1750-1800) – 8 points Definition: An 18th-century movement marked by an emphasis on: 1. rationality rather than tradition 2. scientific inquiry instead of unquestioning religious belief 3. representative government instead of monarchy Beliefs: 1. Devoted to the ideals of justice‚ liberty‚ and equality as the natural rights of man 2. The universe is a logical‚ orderly place 3. Man will one day uncover the laws that govern the universe 4. Science
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business environment and adversely affect the goals of business enterprise. There are three kind of political risk in the case “Chavez’s Venezuela”‚ macro-political risk‚ micro-political risk and legal risk. After populist socialist president‚ Hugo Chavez took the office of Venezuela‚ he took many actions to control the country and enhance his own power towards the whole country which made the macro-political risk occurred. Macro-political risk is the changes to the general societal environment will
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moment we can meet in good condition. Now I will tell you about "The importance of protecting the environment" Plants‚ people‚ animals and the environment are interdependence. Plants need a good environment for growing‚ animals need plants to eat‚ and human need everything to survive. Everything went as usual until the human who destroying it. No one of living things on the earth who can destroying it except the human. Globalization may already be familiar to you . Globalization can accelerate the
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Database Environment Paper DBM-380 November 18‚ 2012 Introduction A database defines a structure for storing information and it collects information that is organized in such a way that a computer program can quickly select desired pieces of data. A database can also be thought of as an electronic filing system. Data and information are extracted from a database by creating a query and then submitting it to the query database management system (DBMS) and it is posed in a language that
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stretches of land in order to meet all of their needs for food‚ habitat‚ and other resources. These animals are called area sensitive. When the environment is fragmented‚ the large patches of habitat no longer exist. It becomes more difficult for the wildlife to get the resources they to survive‚ possibly becoming threatened or endangered. The environment suffers without the animals that play their role in the food web. Aggressive Plant Life A more critical result of habitat fragmentation is land
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Health and Environment Deficit in education‚ health services weighs down CCT by Che de los Reyes SOCIAL WATCH Co-Convener Marivic Raquiza considers it “very one-sided” that the government monitors compliance by beneficiaries – the so-called demand side – of the Conditional Cash Transfer (CCT) program‚ but not the supply side‚ which the national and local government should take care of. After all‚ a lack in the latter would make it harder for the beneficiaries to comply with the conditions
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this business(add about next plc) f)illustrate how the market forces shape organisational responses by using relevant examples for each case(add next plc) g)based on the above analysis and your understanding on cultural environment ‚ critically evaluate how these environments would influence the behavior of your selected business organization part 2 write an eassy on international trade ‚ addressing the following *first‚describe what is meant by an economic system? explain how economic
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I. INTERNAL ENVIRONMENT: ORGANIZATIONAL ANALYSIS Corporate Structure. Mercedes-Benz corporate structure is representing eleven different departments‚ with an average of four core practice areas in each. Let’s start the discussion of the corporate structure by considering Corporate Communications Department. This department works on cultivating a positive news-media image and manages internal communications to retails. . Whenever Mercedes-Benz owners are in need of answers on their questions
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