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What is monopoly and how price and output decisions taken under monopoly?
Wiki User
∙ 10y ago
Monopolistic competition refers to the the exclusive possession or control of the supply or trade in a commodity or service.
Wiki User
∙ 10y ago
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Price and output determination under oligopoly?
Explain how price and output decision are taken under conditions of oligopoly.
What is the Price elasticity of demand in each of the four market structures - perfect competition monopoly monopolistic competition and oligopoly?
Perfect competition is perfectly elastic (taken from my Economics textbook)...still searching on the other three.
Difference between policy output and policy outcome?
Policy outputs are actions taken in pursuance of policy decisions; they come first and are more tangible. Policy outcomes focus on a policy's societal consequences after the policy has been implemented.
What are some factors that can lead to a monopoly?
When one business or company dominates its area and squeezes out all its competition, the result is the consumer does not have a free choice, and inevitably the price of it's products or services...
Which cost is taken into considerationfor make or buy decisions?
total cost
Price and output determination under oligopoly?
Explain how price and output decision are taken under conditions of oligopoly.
What is the Price elasticity of demand in each of the four market structures perfect competition monopoly monopolistic competition and oligopoly?
Perfect competition is perfectly elastic (taken from my Economics textbook)...still searching on the other three.
What is the Price elasticity of demand in each of the four market structures - perfect competition monopoly monopolistic competition and oligopoly?
Perfect competition is perfectly elastic (taken from my Economics textbook)...still searching on the other three.
What caused crime?
Decisions, taken into action.
What is the difference between outcome and output?
An output involves a process as in production. It could be in the form of a good or service. On the other hand, an outcome is the result or payoff from the the course of action taken by an individual or player based on his decisions.Output (one word) is the quantity of stuff that is produced. The outcome is the result of an action. So, the output of the factory is 20 cars an hour, but the outcome of replacing the manager is that the output rises to 25 per hour.
Difference between policy output and policy outcome?
Policy outputs are actions taken in pursuance of policy decisions; they come first and are more tangible. Policy outcomes focus on a policy's societal consequences after the policy has been implemented.
What are the decisions taken by financial managers?
Decisions are not taken, they are made. Financial managers obviously make decisions about MONEY. Where to spend it and how much and why. Business owners are typically the financial manager of a company simply because they want to make money.
What happens when a compamy is momopolized?
The correct term and spelling is monopolized instead of monopolized. When a company is monopolized it is taken over and becomes part of a monopoly. Monopolies are bad for economy because they are able to set any price they want and raise prices.
Which personality disorder is characterized by an excessive need to be taken care of and difficulty in making decisions?
Dependent personality disorder is characterized by an excessive need to be taken care of and difficulty in making decisions
What are some factors that can lead to a monopoly?
When one business or company dominates its area and squeezes out all its competition, the result is the consumer does not have a free choice, and inevitably the price of it's products or services...
Why price is taken as independent?
Price is only taken as independent in demand and supply because the quantity demanded and supplied depends upon the increase or decrease in price.
What were the distribution decisions taken for the sale of the Samsung Corby series?
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