First read the ⇒ Collusive Oligopoly Non-Collusive Oligopoly In the non-collusive oligopoly market, firms do not have the information about the exact strategy of any of the rival firms. It is a situation like a…
Concept of Public Enterprise in Nepal Public Enterprises (also called SOSs – state-owned enterprises) are those institutions that are partially or fully owned by the state. These organisations are established, owned, and managed wholly or…
According to the previously published advertisements of Rastriya Banijya Bank Limited (RBBL), Agricultural Development Bank Limited (ADBL), and Nepal Bank Limited (NBL), a notice has been published regarding the written examination schedule for the open…
It is the market structure where there is a large number of buyers and sellers and a differentiated but closed substitute product. Though the number os buyers and sellers is large, there is some degree…
It is the market structure where there is a single seller and a large number of buyers, a unique product that does not have any close substitutes, and barriers to entry. Being a single supplier,…
Perfect Market It is the market structure where a large number of buyers and sellers, with homogeneous products, are present. The number of buyers and sellers is so large that there is a complete absence…
Proposed by or based on George Stigler (in 1939) The traditional theory of cost was criticized both theoretically and empirically by the modern theory, which argues that the average cost, both in the short run…
1) Cost Approach of Production Planning: This approach of production planning aims to minimize the cost. If the output is given ot pre-determined, then the objective of the firm is to minimize the cost and…
A share capital is the amount raised by issuing shares by the company. The shareholders are the owners of the company. The total capital is divided into small parts, and each part is called a…