They were preoccupied with things like supply and demand and perfect competition and equilibrium.
The answer is that the aerospace industry does not fit the textbook model of perfect competition.
Keen says that there is a mathematical error in the description of perfect competition.
So it is with perfect competition: the theory may well never quite work out in the real world.
Based on the idea of perfect competition, where the market is omniscient, this code is as unenforceable as the insider trading rules.
Under perfect competition, the Islamic bank will have to distribute all profits to depositors or lose them to another bank that does.
First, there are informational asymmetries in the higher education market which violate the assumption of full information that economists make when discussing perfect competition.
Most Burmese still run their errands in traditional open air markets, where vendors compete shoulder to shoulder, and find their profits destroyed by near perfect competition.
FORBES: Burma's Reforms aren't Trickling Down to Small Businesses
But as we continue to add suppliers then the difference between this many but not infinite number of suppliers and the model of perfect competition moves asymptotically to zero.
Credit has a cost, and under perfect competition, this is the interest rate--the price at which lenders agree to supply the same amount of money that borrowers agree to borrow.
Should the medical care industry become perfect competition?
Mr. Panzera said SCA will charge roughly 2% of the prize value for a perfect-bracket competition.
WSJ: Trying for a Perfect Bracket? Insurers Will Take Those Odds
The virtual world is the perfect crucible for launching unrestricted currency competition and that competition will enable further opportunities for transporting virtual world earnings to real world value.
As I outlined in Virtual Currencies and Roach Motels, in-world economies are the perfect crucible for launching unrestricted currency competition and that competition will enable further opportunities for transporting virtual world earnings to real world value.
The strategy, execution and competition that mirrors the business world is a perfect fit for a natural seafarer.
At that level of competition, every contender is a potential gold medalist on a perfect day, and no athlete is immune from loss in less than ideal situations.
FORBES: You Can Only Win in Sports, or Anywhere Else, if You're Ready for Chaos
On a recent afternoon, he and his buddies tuned up for their next competition, where they are focused on "making sure we're in perfect form, " he says.
WSJ: In Australia, Traditionalists Strive to Keep Beach Marching Alive
应用推荐