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A market situation with only one seller and barriers for others to enter, products having no close substitute, cross elasticity of demand is low with every other product and no other firm producing an identical product is called a monopoly market. Having control over the price, a monopolist can sell his product at the price…
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If the buyers are from different markets or are part of so-called non-competing groups, monopolists might charge different rates for the same products from these markets. Price discrimination and discriminatory monopoly describe the situation. Price discrimination is the practice of charging different prices to customers with varying quantities of the same item. Definition of Price…
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Quantitative and algorithmic trading is a new and emerging field that has been evolving rapidly in recent years. The demand for quantitative traders has been steadily increasing as the world of finance becomes more digitized. The field is not only limited to financial institutions but also includes hedge funds, investment banks, and other financial companies…
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In recent years, Technology has become an important part of education. This is because technology can provide students with a more engaging and interactive learning experience. Additionally, technology can also help to make teaching more efficient and effective. For example, technology can be used to create digital resources like online calculators for learning math that…
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The supply chain plays a vital role in running a business. It involves a network of organizations, technology, resources, and activities to ensure the smooth production of goods and selling to the final consumer. In simple words, the supply chain is the process of manufacturing and selling goods, including the supply of raw materials to…
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A company, to reach its equilibrium and to find price and output determination under perfect competition (figure 6.6). Conditions of Price and Output Determination Under Perfect Competition 1.) A marginal income must be at least equal to the marginal cost, that is, MR=MC. If MR is higher than MC, there is always a reason for…
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A budget is defined as a financial instrument that can be used to plan and project future values using previous experience. It is a numerical statement that outlines what the future direction of action will be in numerical form and it is very important for budgetary control. It covers a specified period of time and…
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A market with many buyers and sellers involved in buying and selling homogeneous products with perfect market knowledge is called a perfectly competitive market. The fruit and vegetable market is an example of a perfectly competitive market. Definition of Perfect Competition According to A. Koutsoyiannis, “Perfect competition is a market structure characterized by a complete…
Children express themselves only through handwriting. Writing is a vital developmental activity for children, allowing them to communicate with you or others effectively. All parents should try to improve your Child’s handwriting skills by working on the problem areas. Understanding the significance of fine motor development and how the pencil grip changes is the first…
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This article will teach you the meaning of price, pricing, and pricing objectives. It will help you decide the future pricing policies for your business.Price is the amount of money charged for a product or service or the sum of the values consumers exchange for the benefits of having or using the product or service….
