about 11 years ago - No comments
Image: Some rights reserved by Cory M. Grenier Starter What cost advantages are there for big firms? Watch the video clip below. On board world’s biggest cruise ship Oasis of the Seas Image: Some rights reserved by Paul Dickerson Resources There are five main types of Economies of Scale for you to consider. The…
about 11 years ago - No comments
First, you need to find out answers to the following broad questions: What is perfect competition? What is a monopoly? The video below is a very good starting point. You can ignore the early bit on costs. Activity 1) Research how these two market types set their price and output. Can they control these two…
about 11 years ago - No comments
Find out what cooperatives are, what they do and how they work by viewing these videos. Try to spot the difference between those which are producer cooperatives and those which are consumer cooperatives: From the Singapore National Co-operative Federation:
