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NADB: (North American Development Bank) An international financial institution established and capitalized in equal parts by the United States and Mexico for the purpose of financing environmental infrastructure projects. The bank's mission is to serve as a binational partner in communities along the U.S.-Mexico border in order to enhance the affordability, financing, long-term development and effective operation of infrastructure that promotes a clean, healthy environment for the citizens of the region. The Bank was created under the auspices of the North American Free Trade Agreement (NAFTA)
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Lesson 20: Oligopoly | Unit 4: Analysis
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Page: 17 of 24
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- Collusion, of course, occurs when two or more firms in an oligopoly agree to set prices, control production, and otherwise act like a monopoly.
- To create a monopoly, two firms have to combine their two operations.
- The key consideration is both firms will seek to produce output using the firm with the lowest marginal cost.
- From a graphical standpoint, this is accomplished by horizontally summing the two marginal cost curves.
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NUMBER OF SELLERS, SUPPLY DETERMINANT The number of sellers willing and able to sell a good, which is assumed constant when a supply curve is constructed. The number of sellers is one of five supply determinants that shift the supply curve when they change. The other four are resource prices, production technology, other prices, and sellers' expectations.
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BROWN PRAGMATOX
[What's This?]
Today, you are likely to spend a great deal of time looking for the new strip mall out on the highway seeking to buy either a birthday greeting card for your father or a T-shirt commemorating the first day of spring. Be on the lookout for rusty deck screws.
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This isn't me! What am I?
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A scripophilist is one who collects rare stock and bond certificates, usually from extinct companies.
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"Intense concentration hour after hour can bring out resources in people they didn't know they had. " -- Edwin Land, inventor, entrepreneur
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ANOVA
Analysis of Variance
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