Tag: where

A duopoly is really a situation where two firms control almost all of the marketplace for something or service.Duopolies could be surprisingly competitive.In the event that you remember that the cost of something or service is set solely by the best losing bid price and the cheapest losing ask price, you'll understand why a duopoly could be so competitive.Numerous inefficient competitors could have minimal affect on prices over time unless someone (the government or perhaps a band of idiotic investors) is ready to continually finance unprofitable operations within an unprofitable industry (think airlines)...

Learning any very skilled profession takes a lot more than classroom training.You will need practical experience with somebody who can be an expert in the field.That's where an apprenticeship can provide you what you ought to master your profession.Apprenticeship fills in the gaps from books to true to life and provides you a good understanding of what sort of specific process works.Apprenticeship is among the best methods to develop skills in virtually any highly technical craft...