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How do I analyse an extract in such a way that I don't come across as simply 'feature spotting'?

Analysis of any extract, fictional or non fictional, should begin with reading for meaning. Keep in mind that the writer did not write the text with the intention of it being filled with literary techniques ...
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How do I find the area of a circle C with diameter 14cm?

The formula for the area of a circle is π r 2 . To use this formula we first need to find r, the radius of the circle. The radius is the distance from the centre of the circle to the edge, and is equal to ha...
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Answered by Tamsyn H. • Maths tutor
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List and explain some ways in which a monopolistic firm can use it's lower costs as a barrier to entry.

Monopolistic firms often experience Economies of Scale which makes their average total costs lower than competitors. This can create significant abnormal profit and can create barriers through: Predatory pri...
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Answered by Reubin B. • Economics tutor
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What is meant by an oligopoly being both interdependent and uncertain in their price strategies?

Oligopolies are interdependant as the success of their price strategy relies on the reaction of other oligopoly firms in the market. If an oligopoly decided to increase the price of it's output, they would o...
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Answered by Reubin B. • Economics tutor
32569 Views

Explain how the diagram for a perfectly competitive firm demonstrates static efficiency.

Productive efficiency can be demonstrated by the firm's price relative to the Short Run Average Total Costs curve. By selling output at P 1 , (where MR=MC), it is selling at the minimum point on the SRATC cu...
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Answered by Reubin B. • Economics tutor
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