This case examine the implications of the merger of Pepsi Co. and Quaker Oats Company for the rivalry between Coca-Cola Co. and PepsiCo, and for value creation by each firm.
What is a price ceiling and what is a price floor? Reasons for implementing them, their effects and examples of each.
It is important for you to understand the meaning of the terms "intermediate products" and "final product". Intermediate products: Some of the final products of a production unit could be the raw...
Economics Online (a) EXTERNAL ECONOMIES OF SCALE External economies of scale are the cost-saving advantages that accrue to the industry as a whole, as a result of the firms being close to each other and an...
This hub is a brief note on "Business Cycle"
this hub briefly described the kinked demand curve hypothesis in an oligopoly market with the help of a diagram
To learn about economics, it's important to first know what economics actually is. In this article, I'll give you a general overview of what economics actually is, and more importantly, what it isn't.
Long Run Equilibrium Position 1. Equilibrium occurs at point G where (a) MC = MR & (b) MC is rising.2. The firm will produce Q1 and sell this output at price P13. The firm’s cost of production is shown at...
This hub briefly described the Traditional Theory of Cost. (Key Words: Cost, Implicit Cost, Explicit Cost, Short run cost, Long run costs, Opportunity Cost, Traditional Theory of Cost)
As per Professor A G Brown, "Economy is a system by which people get their living." Just like a machine, made up different parts that perform specific functions, an economy is made up of a system which has...
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