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1. Profit Maximisation under Perfect Competition and Monopoly 2. Alternative Market Structures Classifying markets (by degree of competition) number of firms freedom of entry…
1. COST(COST MEANS SACRIFICE) 2. MEANING - COST“ Cost is a sacrifice or foregoing that hasoccurred or has potential to occur in future,measured in monetary terms”•…
Slide 1Copyright 2011 John Wiley & Sons, Inc Business Data Communications and Networking 11th Edition Jerry Fitzgerald and Alan Dennis John Wiley & Sons, Inc Dwayne…
Slide 1Market Structure and the Behavior of Firms Slide 2 Market Structures Benchmark models Perfect Competition Monopoly Slide 3 Its registration time…how about economics?…
Slide 1COSTS OF PRODUCTION Chapters 11 Slide 2 Short-Run vs. Long Run Firms typically have several types of inputs that they can adjust to adjust production. Long-run - When…
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1. MS – 501(2 – 0 –2 ) = 2BUSINESS COMMUNICATIONObjective: By the end of the course, the students should be able to improve their oral and written communicationbusiness…