An oligopoly describes a market situation in which there are limited or few sellers. Each seller knows that the other seller or sellers will react to its changes in prices and also quantities. This can cause a type of chain reaction in a market situation. In the world market there are oligopolies in steel production‚ automobiles‚ semi-conductor manufacturing‚ cigarettes‚ cereals‚ and also in telecommunications. Often times oligopolistic industries supply a similar or identical product. These
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large number of small private enterprises. Production and management strategies are made by private capitalists according to changing in market supply and demand. Private capitalists are free to participate or exit the economic activity of any of industries. The form of price is spontaneous in market. It shows the change of supply and demand‚ it can distribute the scarce resources to producers‚ and also distributes goods and services to consumers. Consumer rights Consumers are the main part of
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spending from current a. none of them. b. income and current wealth. c. wealth. d. income. Figure 10-1 3. If consumers receive an increase in income of $1‚000‚ their spending will increase by a smaller amount. 4. The aggregate supply curve will shift to the left if a. the capital stock of the economy increases. b. the money wage rate increases. c. technology and productivity increase in the economy. d. energy prices fall. 9. If the price level in Figure 10-1 were 100‚ a. inventories
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Xm Radio Case Analysis Executive summary XM Satellite Radio’s vision is to provide audio entertainment throughout the continental United States using a satellite-based digital radio broadcast system. Robert Acker‚ director of strategic planning‚ must raise the necessary $1 billion in up-front capital before the company can launch its services. To attract sufficient fund from the potential investors‚ XM needs to provide a realistic plan with high enough return. It requires reliable estimates
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Supplement to Unit - II BEHIND THE DEMAND CURVE: THE THEORY OF CONSUMER CHOICE Here‚ the purpose is to explain the derivation of the demand function and to provide an understanding of the consumer decision-making process. Consumer Preferences Individuals make choices based on their personal tastes and preferences. Tastes and preferences are shaped by many factors. Some of the factors are family environment‚ physical condition‚ age‚ sex‚ education‚ religion‚ and location. In the analysis that
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Given that supply is fixed then at any given quantity of money (M1) there will be a corresponding demand that varies inversely to the price level‚ i.e. a downward sloping demand curve and there will be an equilibrium price level that ‘clears the market’‚ i.e. demand equals supply. If the quantity of money is increased (M2) the demand curve will shift to the right‚ i.e. at the same price level demand will increase but‚ again‚ supply is fixed. A new equilibrium will be established at the same level
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Sirius Satellite Radio‚ Inc. SITUATION ANALYSIS COMPANY BACKGROUND SIRIUS Satellite Radio was incorporated on May 17‚ 1990 as Satellite CD Radio Inc. On November 18th 1999 the company changed their name to SIRIUS Satellite Radio Inc‚ which is the name under which the FCC license to distribute satellite radio was given to. SIRIUS Satellite radio currently offers over 100 of music‚ news‚ sports‚ talk‚ entertainment‚ traffic‚ weather‚ and children’s programming to subscribers throughout the United
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aggregate supply‚ aggregate demand‚ or some combination of them. A deep recession in the world economy decreases aggregate demand. A sharp rise in oil prices decreases short-run aggregate supply. The expectation of lower future profits decreases investment and decreases aggregate demand. b. Explain the separate effects of each event on U.S. real GDP and the price level‚ starting from a position of long-run equilibrium. A deep recession in the world economy decreases aggregate demand‚ which decreases real
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Introduction: Daylight hours are dependent on sunrise and sunset times for each day which are dependent on seasonal change. The number of daylight hours can be represented by a periodic function. This periodic function can help Alaskan Council predict daylight hours for tourist travelling to watch their Bore Tide. A Bore Tide is a tidal phenomenon in which the leading edge of the incoming tide forms a wave (or waves) of water that travels up a river or narrow bay against the direction of the river
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describing Cellular Radio‚ ISDN (Integrated Services Digital Network) and Satellite Communications we must first have a general understanding of the meaning of these forms of Telecommunications. After a brief explanation of the different forms‚ they will be described in more detail. Then the present and future roles in Irish Telecommunications will be looked at and some examples given. This will then lead to the conclusion. 1. What is Cellular Radio? Cellular Radio is the use of Technology
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