List similarities between perfectly competitive and monopoly?
There are not many similarities between a perfectly competitive market and a monopoly. In a perfectly competitive market there are no barriers to exit and enter the market. If there are excess profits being made in this market other firms will enter the market to try and get a share of those profits. Since there are many markets with a equal piece of the market share each firms production decision will have little or no effect on the market. Because of the firm's relative size to the market it must be a price taker. If the firm tries to increase the price in a perfectly competitive market then no consumers will buy from that firm because there are numerous other firms that sell that the same good. The price maximization condition of the competitive market is marginal cost equals marginal revenue. In a competitive market marginal revenue is the same as demand because the firm can sell as many as it wants in a competitive market. In a monopoly, the firm is the price setter. It is the only firm that is supplying so it has price setting power. The price maximization condition of a monopoly is marginal cost equals marginal revenue but with a caveat. Marginal revenue does not equal the demand curve, but is derived from the demand curve. Since the firm is the only supplier, assuming it cannot practice price discrimination, it must lower its price in order to gain more customers so the people who would pay a high price are paying a lower price because the firm wants to sell its products to more customers.
Are there any similarities between a candle and a human?
"For a candle to keep its flame alight it must supply the flame with materials and as it does so it gradually diminishes. Combustion is therefore a sacrifice. Without sacrifice there would be no light. The flame needs food and the candle is this food.
There is a similarity between a candle and a human being in that a human being too possesses all the materials necessary to feed the flame within him. These materials are all the manifestations of his personal, egotistical nature and he must sacrifice them to keep the flame alight. And what prevents him from making this sacrifice is the fear of disappearing. Of course something will disappear, but in fact this something must disappear so that something else may appear, just as the material of the candle disappears so that light may appear. You will say that after some time nothing is left of the candle. Yes, this is so, but human beings can burn indefinitely. Once lit they are able to remain so, because their combustible material is inexhaustible."
Does asbestos give you cancer?
The relationship between asbestos and cancer is that exposure to asbestos can cause some forms of cancer in some of the people who are exposed. In particular, exposure to airborne asbestos has been associated with lung cancer and mesothilioma, a cancer of the lining of the chest cavity and lungs.
What are some similarities between credit and debit cards?
both widely accepted. globally accepted as payment
What is the relationship between the tenperature and the volume of a gas?
JaMason the stud who is way kewler than JaZach and is equivilent to chuck norris, is the relationship between voltage and temperature.
they both serve the public
Difference and similarities between monument and museums?
Memorials are generally monuments made to a person or persons who have passed away. Public history is the history of a group of people, not a specific person or group of people. Living heritage is what is going on right now.
What are similarities between infectious and noninfectious diseases?
infectious diseases involve a causative organism, from groups such as bacteria, viruses, fungi and such. Noninfectious diseases are not caused by a specific infectious organism.
You get an infective disease from a bacteria or a virus or even a fungus. Other diseases are not caused by these but by other things. For example: cancer.
Similarities between computer language and programming language?
They run things using Yahoo+ code. For mor info contact me via my IM .... kaybee_0@yahoo
What is the similarities between inductive and deductive?
Deductive reasoning is a logical process in which a conclusion is drawn from a set of conclusions that contain no more information than is already available. This conclusion is logically true.
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Inductive reasoning is a logical process in which a conclusion is proposed when it contains more information than the observations or experiences on which the conclusion is based. The terms of the conclusion is verifiable only in terms of future experience. For example, there is no certainty that a white crow will be found tomorrow, although past experience will make the occurance unlikely
Similarities between communism and socialism?
What are the 3 differences between and three similarities of Venus and Earth?
Similarities between the Knights of Labor with the American Federation of Labor?
a shorter workday for workers
What are the similarities between India and china?
Japan has a very densely populated economy. But China has a higher population. Their population is 1.3 billion I think.
Relationship between mass communication and sociology?
There is a link between mass communication and sociology in the context of social values, behaviour, norms and values and so on. With the help of mass communication, the norms and values transmit from one society to another.
What are the similarities between the circulatory system and a circuit?
The pulmonary circulation is the portion of the cardiovascular system which carries oxygen-depleted blood away from the heart, to the lungs, and returns oxygenated blood back to the heart while for the systemic circulation, it is the portion of the cardiovascular system which carries oxygenated blood away from the heart, to the body, and returns deoxygenated blood back to the heart... :D
Consumer behaviour is the way a person reacts to purchase focussed marketing material or actions. It can be the psychology behind interpreting an advert, to why people look at the middle shelves before the ones closest to the ground. It is how you behave in shops, online or even when you talk about products/services to the people you know (word of mouth). Consumer behaviour is a wide ranging topic!
What is the function difference between chloroplasts and mitochondria?
The Difference:
the major difference between chloroplast and mitochondria is that the latter contains thylakoid membrane and pigment molecules, whereas the mitochondria membranes contain respiratory enzymes not found in chloroplast membrane.
Similarities:
They both are the main powersource of the organism.(Mitochondria producing ATP through the krebs cycle and chloroplast uses photosynthesis to produce glucose.)
What are the similarities between the cubs and White Sox?
1) "NY" on the hat
2) Pinstriped {traditional} home uniform.
3) "NEW YORK" in block letters on {traditional} grey road uniform
4) "37" retired by both teams in honor of Manager Casey Stengel.
5) Both NY teams
What are the similarities between football and religion?
Football and war have numerous similarities. McMuntry portrays comparisons between uniformity, violence, and obedience.
What is a similarity between native Hawaiian and native Americans on the mainland United states?
They suffered from exposure to new diseases and loss of traditions