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YANKEE BOND: A bond issued with a dollar denomination in the United States by a foreign bank or corporation. This allows U.S. investors to invest in foreign securities without price fluctuations caused by exchange rates.
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Lesson 20: Oligopoly | Unit 2: Structure
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Page: 7 of 24
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Topic:
Concentration Ratios
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- The most popular measure (or measures) of concentration has (have) been the concentration ratio.
- A quick definition:
- A concentration ratio is the proportion of total output in an industry that's produced by a given number of the largest firms in the industry.
- The two most common concentration ratios are the 4-firm concentration ratio and 8-firm concentration ratio.
- In general concentration ratios range for a low of 0% to a high of 100%.
- A ratio of 0% indicates perfect competition and 100% ratio indicates total market control by the given number of firms use for the calculation
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INELASTIC SUPPLY The general elasticity relation in which relatively large changes in price cause relatively small changes in quantity supplied. Large changes in price cause relatively small changes in quantity supplied or the percentage change in quantity supplied is smaller than the percentage change in price. This characterization of elasticity is most important for the price elasticity of supply. Inelastic supply is one of two general elasticity relations for supply. The other is elastic supply.
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BLUE PLACIDOLA
[What's This?]
Today, you are likely to spend a great deal of time at the confiscated property police auction hoping to buy either a video game player or an AC adapter that won't fry your computer. Be on the lookout for crowded shopping malls.
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In the early 1900s around 300 automobile companies operated in the United States.
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"We succeed in enterprises (that) demand the positive qualities we possess, but we excel in those (that) can also make use of our defects." -- Alexis de Tocqueville, Statesman
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TFC
Total Fix Cost
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