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AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE: A scientific society whose main mission is to advance science and innovation throughout the world. The American Association for the Advancement of Science (AAAS for short) publishes one of the most respected scientific magazines called Science. The association and magazine have nearly 140,000 individual and institutional subscribers, plus 272 affiliated organizations in more than 130 countries, serving a total of 10 million individuals. The American Association for the Advancement of Science was founded in 1848 to represent all disciplines of science and to support scientific exchange and discussion of science and society issues.
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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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GOVERNMENT SUBSIDIES LESS CURRENT SURPLUS OF GOVERNMENT ENTERPRISES The difference between transfer payments from the government sector to the business sector and "profit" received by government-operated "firms." This composite item is one of several differences between national income (the resource cost of production) and gross (and net) domestic product (the market value of production) in the National Income and Product Accounts maintained by the Bureau of Economic Analysis. This item tends to be relatively small, invariably less than 1 percent of gross domestic product.
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BROWN PRAGMATOX
[What's This?]
Today, you are likely to spend a great deal of time driving to a factory outlet trying to buy either a combination CD player, clock radio, and telephone (with answering machine) or a revolving spice rack. Be on the lookout for the last item on a shelf.
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In the early 1900s around 300 automobile companies operated in the United States.
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"Whenever you see a successful business, someone once made a courageous decision." -- Peter F. Drucker, business strategist
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TI
Taxable Income
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