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Define the term project initiation in project management methods.
Project initiation:
It is a main control point in a project as this is where the Project Board gives formal authority to the project manager to begin work. It must be completed on the basis of a Project Initiation Document that explains the scope of the project and also, in project includes the Business Case as well as initial Project Plan.
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Suppose an oligopoly consists of three identical firms. Industry demand is P = 100 - 2Q and MC = AC = 20. What is the Cournot–Nash equilibrium output in this industry
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