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1) characterize the long run equilibrium of a perfectly competitive industry in which average costs are U-shaped as output increases, under both restricted and free entry. b)Discuss the senses in which a perfectly-discriminating monopolist is efficient or inefficient
2) consider an oligopoly in which the inverse demand function p(∑xi ) = a-b∑xi,a,b > 0,and each firm's costs c(xi)- cxi, 0 < c < a. first, given n, determine the cournot-nash equilibrium outputs, profits, deviation of price from marginal cost, and deadweight loss. Then prove that all of these approach zero asymptotically as n tends towards infinity. Comment on the significance of these results.
1. Are there different types of operations systems? Ans: Yes, characteristics show that manufacturing companies break down into categories as do service organisations. Once the
Explain advantages of Division of Labour. As the same worker does similar work repeatedly:- (i) It gains proficiency and skill on the job and becomes a professional. (ii
How can the social learning theory explain widespread corruption throughout an organization?
You are to simulate arrivals and departures from a fictional airport with a single runway which has a capacity of handling a total 6 aircraft at once (any mix of take-offs and land
Carrington inc is an international company engaged in the production and distribution of pharmaceutical. Is the Peterson operation successful? To the degree that it can be judged a
What are the benefits of using ERDs in database design, implementation, and documentation? How does a design tool like a Microsoft Visio diagram help the organization create and do
What are Google's key resources and competitive capabilities? What competitive liabilities and resource weakness does it have? What opportunities exist? What threats to its continu
A manufacturing process consists of three sequential operations. At maximum capacity operation A can output 125 units per hour, Operation B can output 120 units per hour, and Opera
Developing a Service Strategy - Operations Strategy The figure below gives an outline of the three steps of developing an operations strategy based on the Platts-Gregory appro
Discuss the influence of the four focus areas for HR professionals on solving HRM related issues associated with organizations achieving competitive advantage.
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