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Definition of the words
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A new international league table reveals that Imperial has ended years of Oxbridge dominance, and risen from sixth place to second in the world – behind only Massachusetts Institute of Tehcnology (MIT)in the United States.The University of Oxford was ranked third and Cambridge fifth, while University College London came ninth in the 2025 QS World University Ranking – meaning four of the top ten global universities are British.
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Words for Students
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SDictionary
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Types of market structures<br/>In a perfectly competitive market, prices reflect an economy's collective wisdom, but in a monopolistic market, they reflect one company's absence of wisdom.<br/>Perfect Competition:<br/>Characteristics:<br/>Many buyers and sellers.<br/>Homogeneous (identical) products.<br/>Easy entry and exit for firms.<br/>Perfect information for all participants.<br/>No single firm can influence the market price.<br/>Implications:<br/>Prices are determined by market forces (supply and demand).<br/>Monopoly:<br/>Characteristics:<br/>Single seller dominating the market.<br/>Unique product with no close substitutes.<br/>Significant barriers to entry.<br/>Price maker – the firm has control over the price.<br/>Implications:<br/>The monopolist can set the price to maximize profits.<br/>Limited consumer choice.<br/>Potential for reduced efficiency and innovation. Firms are price takers, meaning they accept the market price.<br/>Oligopoly:<br/>Characteristics:<br/>Small number of large firms dominate the market.<br/>Products can be homogeneous or differentiated.<br/>Significant barriers to entry.<br/>Mutual interdependence among firms.<br/>Implications:<br/>Firms may engage in non-price competition (advertising, branding, etc.).<br/>Price and output decisions are influenced by the actions of competitors.<br/>Collusion is possible but often regulated.<br/>Monopolistic Competition:<br/>Characteristics:<br/>Many firms, each producing a differentiated product.<br/>Relatively easy entry and exit.<br/>Some control over price due to product differentiation.<br/>Implications:<br/>Firms have a degree of market power but are price setters to a limited extent.<br/>Non-price competition is common through advertising and product differentiation.<br/>Consumers have a range of similar but not identical products to choose from.
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Mitramhane
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Julien Miquel
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The meaning of 'so close, yet so far' became apparent to the seven-year-old star of this clip when he decided to get ice cream from a mischievous Turkish vendor. <br/><br/>\
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English-english-hindi Dictionary
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Sadhguru Marathi
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