rational, self interested consumers
rational, profit maximizing firms
competitive markets with price taking behavior
There is no such thing as a perfectly competitive market. It is merely a economic model to compare other market structures to. Cigarette market is more likely a oligopoly.
It is not possible to answer this question since the name Poter, is not recognised.
No. There is no such thing as a perfectly competitive market, as it is only used as a model in economics.
The kinked demand curve model explains oligopoly pricing behavior by illustrating how firms react to competitors' price changes. In this model, the demand curve is kinked at the current market price: if a firm raises its price, it loses customers to competitors (indicating elastic demand); if it lowers its price, competitors will also lower theirs, leading to minimal gain in market share (indicating inelastic demand). This creates a price rigidity where firms are reluctant to change prices, resulting in stable prices despite changes in costs. The essential elements include the kinked demand curve, the asymmetric response of firms to price changes, and the resulting price stability in the market.
refer to michale portes five forces model
basic elements of a telephone call
listening, speaking, touching and summarizing
1 Database 2. Anaylzing 3. Model
* Conceptual - a model that captured the essential data that needed to be stored and the relationships between elements * * ** Physical - the on disk representation of data that accounts for layout, partitioning, index, space management, etc.
Justin Bieber
The basic model of strategic management is actually quite simple. The basic model outlines the very least that has to be met in order to manage something.
The four major elements of the Madisonian model as embodies in the constitution are limiting majority control,separating powers, creating checks and balances, and establishing a federal system.
The essential elements of a clothing photography setup include a high-quality camera, proper lighting equipment, a backdrop or setting, a mannequin or model, and editing software for post-processing. These components work together to capture and showcase the clothing in the best possible way for marketing and promotion purposes.
mathematical model and physical model
A basic Sony Cybershot runs about $250 depending on the retailer. This is their most basic model without very many features. For a small amount an upgraded model can be had.
Variation of the basic model
The basic elements of communication are sender, message, channel, receiver, feedback, and noise. In a management model, this can be illustrated through a feedback loop where the sender conveys a message through a chosen channel to the receiver, who then provides feedback. Noise represents any interference that may disrupt the communication process, requiring effective management to ensure clear and efficient communication.