BERTRAND COMPETITION
When output and prices are set based on the idea that the competition will not change their prices. Refer to Cournot competition.
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When output and prices are set based on the idea that the competition will not change their prices. Refer to Cournot competition.
When two suppliers compete. They choose their own selling price and than meet demand. The cheaper of the two will probably have more customers. Sometimes the demand is split in half. They
A metal found in alloys that is toxic. It is used in aircrafts, rockets, missiles, spacecrafts, and nuclear reactors. If exposed for less than 50 days poisoning occurs. The result is fatality
To indicate or signal at a trend. If stock doesnt perform than the market will not either.
When air is pushed into a furance burning off impurities. It makes pig iron more pure. It is the old method of steal manufacturing.
The best way to handle a situation if negotiations fail. It occurs when a party won’t give in. Its used as a benchmark to compare any settlement to.
When no negotiation is possible. It happens when bids are close to eachother.
The lowest price a security will sell for.
The best way to prevent environmental damage.
The most air pollutants can be reduced through current methods.
When liquid pollutants are treated before discharge into the environment.
A date on food items. It tells when the item will spoil if kept under recommended conditions. Refer to use by date.
A purchase that offers the best combination for the buyer. The delivery, price, quality, and other benefits are considered.
The current best way to do a job to reach a certain goal.
The best way to treat hazardous waste that commercial services offer.
1.stating that a certian result won’t necessarily occur. Good faith promises that it will get as close as is humanly possible. 2. A high standard that if it isn’t met is excusable.
The best performance an industry can manage. Its the benchmark set to be done or bettered. AKA best of breed. Refer to best practice.
When a party is delegated to take the best action for another party in the current situation. This is done when not all possibilities can be prepared for or when fast choices
The way its best to get to the goal using the resources to the optimum level.
A payoff thats the same as paying off two options. Refer to worst of two option.