User contributions for Hw06
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26 March 2014
- 10:1010:10, 26 March 2014 diff hist +201 N Strategic Behavior Created page with "{{Learning concept |Description=The plan of action of a player or oligopolist, after taking into consideration all possible reactions of the others, as they compete for profit..." current
- 10:0710:07, 26 March 2014 diff hist +170 N Nash Equilibrium Created page with "{{Learning concept |Description=The equilibrium situation in which each player has chosen his or her optimal strategy, given the strategy chosen by the other player. }}" current
- 10:0610:06, 26 March 2014 diff hist +206 N Cournot Equilibrium Created page with "{{Learning concept |Description=The Oligopoly model in which each firm assumes that the other keeps its output constant. With two firms, each firm will sell one-third of the p..." current
- 10:0410:04, 26 March 2014 diff hist +111 N Reaction Function Created page with "{{Learning concept |Description=The equation showing how a duopolist reacts to the other duopolist's action. }}" current
- 10:0310:03, 26 March 2014 diff hist +198 N Relationship Enterprises Created page with "{{Learning concept |Description=A network of independent firms that form strategic alliances to build the capabilities and have the geographic presence needed to be global lea..." current
- 10:0010:00, 26 March 2014 diff hist +196 N Virtual Corporation Created page with "{{Learning concept |Description=A temporary network of independent companies coming together with each contributing its core competence to quickly take advantage of a fast-cha..." current
- 09:5809:58, 26 March 2014 diff hist +116 N Creative Company Created page with "{{Learning concept |Description=A firm whose new core competence is creativity rather than production efficiency. }}" current
- 09:5709:57, 26 March 2014 diff hist +107 N Firm Architecture Created page with "{{Learning concept |Description=The way the firm is organized, operates, and responds to market changes. }}" current
- 09:5609:56, 26 March 2014 diff hist +184 N Sales Maximization Model Created page with "{{Learning concept |Description=The model that postulates that oligopolistic firms seek to maximize sales after an adequate rate of profit has been earned to satisfy stockhold..." current
- 09:5409:54, 26 March 2014 diff hist +195 N Porter's Strategic Framework Created page with "{{Learning concept |Description=The conceptual framework for identifying the structural determinants of the intensity of competition and the profitability of firms in oligopol..." current
- 09:5209:52, 26 March 2014 diff hist +199 N Barometric Firm Created page with "{{Learning concept |Description=The oligopolistic firm that is recognized as the true interpreter or barometer of changes in demand and cost conditions warranting a price chan..." current
- 09:4709:47, 26 March 2014 diff hist +213 N Price Leadership Created page with "{{Learning concept |Description=The form of market collusion in oligopolistic firms whereby the firm that serves as the price leader initiates a price change and the other fir..." current
- 09:4209:42, 26 March 2014 diff hist +155 N Centralized Cartel Created page with "{{Learning concept |Description=A formal agreement among oligopolists to set the monopoly price, allocate output among member firms, and share profits. }}" current
- 09:4109:41, 26 March 2014 diff hist +89 N Market-sharing Cartel Created page with "{{Learning concept |Description=An agreement among oligopolists to divide the market. }}" current
- 09:4009:40, 26 March 2014 diff hist +161 N Collusion Created page with "{{Learning concept |Description=A formal or informal agreement among oligopolists to adopt policies to restrict or eliminate competition and increase profits. }}" current
- 09:3909:39, 26 March 2014 diff hist +150 N Kinked Demand Curve Model Created page with "{{Learning concept |Description=The model that seeks to explain price rigidity by postulating a demand curve with a kink at the prevailing price. }}" current
- 09:3709:37, 26 March 2014 diff hist +197 N Bertrand Model Created page with "{{Learning concept |Description=The Oligopoly model where each firm assumes that the other will keep its price constant. It leads to the perfectly competitive solution even wi..." current
- 09:3509:35, 26 March 2014 diff hist +207 N Cournot Model Created page with "{{Learning concept |Description=The Oligopoly model in which each firm assumes that the other keeps its output constant. With two firms, each firm will sell one-third of the p..." current
25 March 2014
- 16:2716:27, 25 March 2014 diff hist +234 N Thoery of Contestable Markets Created page with "{{Learning concept |Description=The theory that postulates that even if an industry has only one or a few firms, it would still operate as if it were perfectly competitive if ..." current
- 16:2316:23, 25 March 2014 diff hist +171 N Herfindahl Index (H) Created page with "{{Learning concept |Description=A measure of concentration in an industry given by the sum of the squared values of the market shares of all the firms in the industry. }}" current
- 16:2116:21, 25 March 2014 diff hist +114 N Concentration Ratios Created page with "{{Learning concept |Description=The % of total industry sales of the 4,8,and 20 largest firms in the industry. }}" current
- 16:1916:19, 25 March 2014 diff hist +168 N Limit Pricing Created page with "{{Learning concept |Description=The Charging of lower than the profit maximizing price by a firm in order to discourage the entrance of other firms into the market. }}" current
- 16:1616:16, 25 March 2014 diff hist +122 N Nonprice Competition Created page with "{{Learning concept |Description=Competition based on product variation, advertising, and service rather than on price. }}" current
- 16:1416:14, 25 March 2014 diff hist +120 N Differentiated Oligopoly Created page with "{{Learning concept |Description=An Oligopoly in which the products of the firms in the industry are differentiated. }}" current
- 16:1216:12, 25 March 2014 diff hist +116 N Pure Oligopoly Created page with "{{Learning concept |Description=An Oligopoly in which the products of the firms in the industry are homogeneous. }}" current
- 16:1116:11, 25 March 2014 diff hist +62 N Duopoly Created page with "{{Learning concept |Description=An oligopoly of two firms. }}" current
- 16:1116:11, 25 March 2014 diff hist +122 N Selling Expenses Created page with "{{Learning concept |Description=Expenditure that a firm in order to induce consumers to purchase more of its product. }}" current
- 16:0916:09, 25 March 2014 diff hist +105 N Product Variation Created page with "{{Learning concept |Description=Differences in some of the characteristics of differentiated products. }}" current
- 16:0716:07, 25 March 2014 diff hist +225 N Overcrowding Created page with "{{Learning concept |Description=The larger number of firms present in a monopolistically competitive market than if the market were perfectly competitive because of excess cap..." current
- 16:0416:04, 25 March 2014 diff hist +196 N Excess Capacity Created page with "{{Learning concept |Description=The difference between the quantity that a monopolistic competitive firm and a perfectly competitive firm would sell when the market is in long..." current
- 16:0216:02, 25 March 2014 diff hist +98 N Differentiated Product Created page with "{{Learning concept |Description=Products that are similar and that satisfy the same basic need. }}" current
- 16:0116:01, 25 March 2014 diff hist +114 N Deadweight Loss Created page with "{{Learning concept |Description=The loss of efficiency in the use of society's resources arising from monopoly. }}" current
- 16:0016:00, 25 March 2014 diff hist +157 N Consumer' Surplus Created page with "{{Learning concept |Description=The difference between what consumers are willing to pay for a specific quantity of a product and what they actually pay. }}" current
- 15:5815:58, 25 March 2014 diff hist +127 N Natural Monopoly Created page with "{{Learning concept |Description=The case in which economies of scale result in a single firm's supplying the entire market. }}" current
- 15:5715:57, 25 March 2014 diff hist +102 N Appreciation Created page with "{{Learning concept |Description=A decrease in the domestic-currency price of the foreign currency. }}" current
- 15:5615:56, 25 March 2014 diff hist +114 N Exchange Rate Created page with "{{Learning concept |Description=The price of a unit of the foreign currency in terms of the domestic currency. }}" current
- 15:2115:21, 25 March 2014 diff hist +93 N Foreign Exchange Market Created page with "{{Learning concept |Description=The market where national currencies are bought and sold. }}" current
- 15:2015:20, 25 March 2014 diff hist +146 N Shut-down Point Created page with "{{Learning concept |Description=The level of output at which the price price of the product equals the average variable in regression analysis. }}" current
- 15:1815:18, 25 March 2014 diff hist +196 N Price Taker Created page with "{{Learning concept |Description=The situation under perfect competition whereby each firm has no effect on the price of the product it sells and can sell any quantity at the g..." current
- 15:1615:16, 25 March 2014 diff hist +85 N Imperfect Competition Created page with "{{Learning concept |Description=Monopoly, monopolistic competition, and oligopoly. }}" current
- 15:1515:15, 25 March 2014 diff hist +9 N Oligopoly Created page with "{{Topic}}" current
- 15:1515:15, 25 March 2014 diff hist +9 N Monopolistic Competition Created page with "{{Topic}}" current
- 15:1515:15, 25 March 2014 diff hist −1 Market Structure: Perfect Competition Monopoly and Monopolistic Competition No edit summary current
- 15:1415:14, 25 March 2014 diff hist +120 N Market Structure Created page with "{{Learning concept |Description=The competitive environment in which the buyers and sellers of the product operate. }}" current
- 14:5514:55, 25 March 2014 diff hist +258 N Survival Technique Created page with "{{Learning concept |Description=The method of determining the existence of increasing, decreasing, or constant returns to scale depending on whether the share of industry outp..." current
- 14:5314:53, 25 March 2014 diff hist +252 N Engineering technique Created page with "{{Learning concept |Description=The method of estimating the long-run average cost curve of the firm from the determination of the optimal input combinations used to produce v..." current
- 14:5114:51, 25 March 2014 diff hist +257 N Japanese Cost-Management System Created page with "{{Learning concept |Description=The production system in which the firm starts with a target cost based on the market price at which the firm believes consumers will buy the p..." current
- 14:4914:49, 25 March 2014 diff hist +207 N Contribution Margin Per Unit Created page with "{{Learning concept |Description=The excess of the selling price of the product over the average variable costs of the firm which can be applied to cover the fixed costs of the..." current
- 14:4714:47, 25 March 2014 diff hist +184 N Cost-volume-profit or Breakeven Analysis Created page with "{{Learning concept |Description=A method of determining the output at which a firm breaks even or earns a target profit from the total revenue and total cost functions of the ..." current
- 14:4314:43, 25 March 2014 diff hist +263 N Logistics Created page with "{{Learning concept |Description=Supply chain management or the merging at the corporate level of the purchasing, transportation, warehousing, distribution, and customer servic..." current