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OLIGOPOLY AND MONOPOLY: Oligopoly and monopoly have some similarities, both tend to be relatively large and possess significant market control, but also have a few important differences, oligopoly market has more than one firm. The dividing line between oligopoly and monopoly, however, can be blurred due to the closeness of substitutes and the inclination of oligopoly firms to collude.

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Lesson 17: Money | Unit 2: More About Money Page: 9 of 25

Topic: Characteristics <=PAGE BACK | PAGE NEXT=>

There are four characteristics that let money do what money does.

Four characteristics:

  1. Durable: It helps to retain value from one exchange to the next and store value for future exchanges.
  2. Divisible: It lets us accurately match an amount of money to the precise value of a good.
  3. Transportable: It lets us to conduct exchanges far and wide, to go where we need to go for an exchange.
  4. Non-counterfeitable: It keeps the value of money from being diluted.

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AGGREGATE SUPPLY SHIFTS

Changes in the aggregate supply determinants shift both the short-run aggregate supply curve and the long-run aggregate supply curve. The mechanism is comparable to that for market supply determinants and market supply. There are two options--an increase in aggregate supply and a decrease in aggregate supply. An increase in resource quantity or quality or a decrease in resource price shifts one or both of the aggregate supply curves to right. A decrease in resource quantity or quality or an increase in resource price shifts one or both of the aggregate supply curves to left.

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APLS

BEIGE MUNDORTLE
[What's This?]

Today, you are likely to spend a great deal of time searching for a specialty store wanting to buy either a remote controlled sports car with an air spoiler or semi-gloss photo paper that works with your neighbor's printer. Be on the lookout for spoiled cheese hiding under your bed hatching conspiracies against humanity.
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One of the largest markets for gold in the United States is the manufacturing of class rings.
"You are never given a dream without also being given the power to make it true."

-- Richard Bach, Author

IGARCH
Integrated Generalized Autoregressive Conditional Heteroskedasticity
A PEDestrian's Guide
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