candidates may take a different approach‚ which if appropriate should be fully rewarded. 1. (a) Explain the differences between monopolistic competition and oligopoly as market structures. [10 marks] • large number of firms (m.c) versus a few dominant firms (oligopoly) • differentiated product (m.c) versus differentiated or standardized (oligopoly) • low barriers to entry (m.c) versus high barriers to entry (oligopoly) • interdependence of firms in oligopoly • comparison of the demand curves
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Hand Sensitivity Are people more sensitive to cold water on their dominant hand or non-dominant hand? If a person sticks their hand in cold water‚ then their dominant hand will be able to withstand cold the longest. To conduct the experiment two bowls of the same size were filled: one with room temperature water and one with cold water (adding lots of ice). After this was done‚ each participant put both hands in each bowl (one at a time). The time was recorded how long each participants had each
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Company Number Code Industry Rationale 6 A A Airline Airlines are highly leveraged and with assets majority invested in PPE 9 B B Bank It has no inventories. It ha s very high Accounts payable for customers demand deposits and slightly high other current liabilities for other types of deposits. Also‚ it has a very high amount of receivables for loans made to customers. 8 C C Brewery It has a very long inventory turnover as a result of aging of its brews. 3
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1.0 Introduction Although inflation is generally thought of as an inordinate increase in the general price level‚ throughout the history of economics the causes of inflation and the definition of inflation itself remained as an unresolved issue. There is a general agreement that‚ in the long-run‚ inflation is a monetary phenomenon. In short-run‚ however‚ many other factors could cause inflation that instigates unsettled debate on the causes of inflation. Every school of economists tries to define
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Principles Of Economics Assignment Nurlisa Asyiqin Salehuddin 951123-10-6264 19295 ‚ Foundation in ICT Madam Khalidah Khalid 1.Define a market. A market is any arrangement where buyers and sellers interact with each other to determine the price and quantity of goods and services to be exchanged at a certain period . It need not be a particular place . For example ‚ Amazon.com website is a market in itself since they bring buyers and sellers together to transact goods and
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Special features of the Constitution of the People’s Republic of China The constitution of The People’s Republic of China which‚ as said before‚ contains 138 articles distributed in four chapters‚ is a written document that despite the fact that is not one of the longest constitutions‚ it stipulates the basic principles of the Chinese country’s political and social systems‚ and it occupy a position of supreme legal and respected authority. In order to deal with this document we have to understand
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by banks in India are ATM cards‚ Smart cards. Sushma patel e term plastic money has been used in different settings to describe a wide variety of payment systems and technologies (Basle‚ 1996) When implementing an plastic money a big effort ha s been made to make an plastic money as close as possible to real‚ physica l money. Okamoto and Ohta (1972) presented the following six properties of an ideal electronic payment system: • The security of plastic money does not depend on a special
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BRIBERY SCANDAL AT SIEMENS AG Abstract: This case discusses the bribery scandals that were unearthed at Siemens AG (Siemens) in 2006 and 2007. There were a series of scandals that involved some of the company’s employees bribing foreign officials to gain contracts and creating slush funds for this purpose. In another case‚ the company was accused of bribing labor representatives on the supervisory board in order to gain their support for its policies. After the German authorities conducted raids
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Managerial Economics Unit 8 Unit 8 Nature of markets and Pricing of Products I Structure 8.1 Introduction Objectives 8.2 Meaning of market and market structure 8.3 Kinds of markets 8.4 Perfect competition 8.5 Monopoly 8.6 Monopolistic competition 8.7 Oligopoly 8.8 Duopoly 8.9 Bilateral monopoly 8.10 Monopsony 8.11 Duopsony 8.12 Oligopsony 8.13 Industry analysis 8.14 Summary 8.15 Terminal Questions 8.16 Answer 8.1 Introduction Efficiency of management lies in its capacity to analyze the
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Question 1: What is the significance of the pollution from plastic bags? What is the scale of this pollution problem compared to other forms of pollution? Answer: Pollution from plastic bags or bottles has involvement from the accumulated products made of plastic which in turn adversely affect the environment which consists of wildlife‚ and humans. It can affect lands‚ waterways like oceans and rivers. The biggest prominent factor for usage of plastic bags is due to inexpensiveness and durability
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