Essays on Monopoly

1. Plan for the assessment of Market structure Effectiveness for Operations of the Company. It can be easily asserted that the performance of the company as well as the market scenario changes whenever there are changes in the demand for a certain product over a period of time. It was observed that there is increasing trend in demand for microwave category. With the pressure and increase in complexity of individual lives and their living standards, the attitude and perception of people towards microwave food seems to be favorable. Such microwave food is also increasingly demanded as a result of ...

Executive Summary

The purpose of the paper was to assess Canadian market for the ability of CBT, the UK-based supermarket chain, to enter it. Environmental analysis was made taking into account political situation in the country, economic overview, legal aspect and socio-cultural perspective. It was found that CBT is going to have more opportunities than threats. Competitive analysis showed that supermarket industry in Canada is monopolistically competitive. The characteristics of such market were properly described. In general, there are three main CBT’s competitors and numerous small, therefore, the company should enter Canadian market with some competitive advantages. In order to ...

1. Plan for the assessment of Market structure Effectiveness for Operations of the Company. When there is a fluctuation in the demand for a certain product from one year to the other, we should understand that market and Company performance are changing. There can be observed a decent increasing trend for the products in the microwave category. The complexity of individual lives is increasing and as a result, the perception towards microwave food items is favorable. The savings in time and the wide range of choices could be taken as the main reasons for these types of goods selection. ...

Living in the modern world with its deftly organized media, well-developed system of informational sources and media-transportation mechanism makes everyone excessively dependent on media and all the items designed to provide access thereto (like the internet, television, the radio and so on). However the author of the book “The bias of media” Harold Adams Innis delivers a brand new look upon media and information therein. The noted political economist looks upon media as a key pillar for cultural stability and longevity of societies. In particular, the idea of the media two-dimensional existence is worthy of attention. Innis convincingly claims ...

Abstract

Crude oil has been refined to make such fuels as diesel and petrol as well as industrial chemicals and lubricants. Transport activity, as a core element of economic development and a precondition of human welfare, is increasing across the globe with the growth of economies. Transport predominantly relies on such fossil resource as petroleum. The literature relevant for this study can be divided into two parts or strands: one that focuses on the demand side and another one that gives analysis to the oil market by focusing on the supply side. This paper absorbs the ideas of both strands ...

1. Plan for the assessment of Market structure Effectiveness for Operations of the Company. Analysis of the performance of microwave category can be done through the increase or decrease in the demand between years. The analysis shows that the demand is ever increasing for microwave category products. The perceived advantage of using microwave foods has increased as the life of people is becoming more and more complex. The advantages could be summarized as time saving, greater appeal since it is a gourmet meal and the variety provided. The multi-use of the products at any time of the day in ...

Market Structure

A firm has to be well aware of the market structure in which it is operating so that it can take appropriate pricing and output decisions that maximizes its profit and market share. If the market is competitive in nature the firm would follow the price determined by the overall industry demand and supply. On the other hand a monopolist would decide the price that would maximize her profit or the price that would keep potential entrants into the industry at bay. The demand analysis that we had made previously can give us some idea about the market structure ...

1. China's economic reform involves a mix of a government planning, intervention, and free market forces. Describe the major elements of these three factors and discuss if how they will likely interact in the future, specifically whether the current balance is sustainable or if one of the three will eventually become dominant over the other. China seeks to modernize herself by focusing on three critical parameters; agriculture, energy resources and communication as well as education and science. The Communist Party of China, which is the ruling party, adopted socialism with Chinese characteristics (Socialist Market Economy) (Liu, 2016). It laid ...

The monopolistic condition is a market condition in which many small operators exist in the market selling competitive(similar but not identical) products. Product differentiation is a primary characteristic of the monopolistic industry. Many sellers make independent decisions regarding price and output based on the market and the cost of production. Knowledge is widely spread among customers, but it is not likely to be perfect. Grocery stores or supermarkets are one of the classic examples of imperfect competition. There are a plethora of products available for different brands, different packaging, and different customer loyalty. Among available items are also ...

Introduction

Regulation remains one of the fundamental functions of a state. The social theory faces a major challenge in explaining the government intervention in any market. Economic regulations refer to any form of tax, subsidies or administrative control by the government over the economic activities in a country’s setting. The two dominant theory advanced to explains economic regulation are the public interest theory and the economic group interest theory otherwise referred to as the capture theory. While the former theory has its roots in the political scientists, the latter owes to the work of economists. The essay aims at ...

Introduction

The term market structure is used to encompass a range of tightly interconnected characteristics of a given market, such as the quantity and relative strength of consumers, producers and suppliers, an extent of collusion and its forms, level and dominant forms of competition, ease of entering the market and exiting it, as well as a degree of product differentiation. For the purposes of current assignment market structures and strategies of gaining competitive advantage under different market structures will be studied by the example of Google, Inc. Google, Inc. is a U.S-based multinational enterprise that operates in a range of ...

Q1. Essentially, the opportunity cost is what someone is giving up to get an item. Investopedia (2016) defines it as the “cost of an alternative that must be forgone in order to pursue a certain action”, alternatively, the benefits the one might enjoy if chosen another option. a) Hence, the opportunity costs of attending a college, assuming this is a full-time education, is not being able to take a job and earn money immediately, again, assuming the inability to take a part-time job. This also means lack of job experience. In addition, the opportunity cost of this option is ...

Introduction

Unsustainable corporations simply do not last when they encounter economic, social, and ecological boundaries that dictate what is acceptable or possible. However, switching or creating the sustainable enterprises is quite difficult. Therefore, it is fascinating to witness how new company policies, unrestrained by old habits and vested interests, perform under the challenging circumstances. The incoherent changes in the society today are termed as the New Economy that has risen since the late 90s. The high employment, low inflation, and high growth introduced by the period have led to flawed business plans and excessively optimistic forecasts. This article structures an ...

Analysis of the United States Airline Industry

Abstract1 1. Introduction1 2. Impact of the Aviation industry on the American Economy..2 2.1 Economic Impact due to Airline Expenditure Categories.3 2.2 Airline Economic Impact due to Employment .5 2.3 Airline Industry Exports6 3. United States Airline Industry Market Structure 7 4. Strategies of Companies in American Airline Industry.10 4.1 Hub-and-spoke structure10 4.2 Pricing Strategies10 4.2.1 Price Discrimination.11 4.2.2 Advance Purchase Pricing11 4.2.3 Peak Loading11 4.2.4 Cumulative Volume Pricing11 4.2.5 Risk Sharing12 4.2.6 Bundled Pricing .12 4.3 Mergers12 4.4 Low-cost Carriers.12 5. Evaluation of Southwest Airlines..13 6. Conclusion.14 7. Bibliography..15

Abstract

The United States airline industry holds a vast share ...

Market Structure and Elasticity

This essay will show why each market structure has different levels of elasticity. First, it will focus on the definition of elasticity and then it will answer the question of the reasons for the differences in elasticity. In economics, (price) elasticity is the level of responsiveness of supply or demand after the change of price (Mankiw, 2008). Hence, greater elasticity means higher quantity demanded or supplied goods or services after the price is decreased or increased respectively. In the majority of the cases, the researchers focus on the price elasticity of demand (Mankiw, 2008). Demand elasticity coefficient is calculated ...

Q1 The Australian Housing Market Report, prepared for National Australia Bank Ltd. by RP Data in November 2014, delineates the core changes that occur in the Australian housing market. Nowadays, many economists argue whether or not there is a housing bubble on the Australian housing market, because some features of it let them assume that these market conditions are quite similar to those that existed prior to the collapse of housing markets in other counties (Mercer, 2014). Such market failures, or so-called price corrections, can bear great risks for state stability and welfare due to the strong social impact ...

Summary

The last few decades did not have a harmonious environment for the airline industry in the United States. Filled with bankruptcies, unpopular cost cutting measures, and reports of unreasonable compensation scales for the higher management ranks, the US airline industry steadily declined losing almost eighty percent of the profits they generated from the 1950s to the 1970s. The unions in the airline industry hold the ability to direct the industry out of its trouble-filled years. They have the workforce strength that can cooperate with the respective managements in restructuring plans. They also have the power to protest misuse of ...

Business Proposal

Business Proposal A1. In the choice of retail, the company has identified that there exists a vast opportunity in capturing new customers if new products that they prefer are brought into the market. Although the market has a competitive way of obtaining customers, the retail company has designed a marketing strategy to employ in ensuring that the new products sell profitably. Currently, the number of retailers has grown significantly and, hence, the competitive nature of the market. It, therefore, calls for a strategic way of marketing that gives the new products a competitive advantage. In addition, the introduction of ...

The benefits of the crusades vs. the benefits of the current terrorist group (ISIS)

Introduction Since the medieval ages, religion has been used to spread acts of narrow-mindedness against others. From the time of the Christian inquisitions and crusades to the current Islamic jihadism and terrorism, this fundamentalist attitude has caused the death of many. At its root, is the selfishness and ambition for power and wealth that rules the hearts of men. Religious organizations are responsible for establishing the moral fiber in the society. They undertake this duty by selling the concept of ‘salvation’. In return, they obtain rent in the form of tithes in order to intercede on behalf of individuals ...

Abstract

Market competition is crucial for an efficient economy in terms of resources allocation and production. In that respect, there are situations in which authorities have sought to intervene and try to stop anti competition practices. A good example was the application that was filed by the commissioner in January 2011 with the Competition Tribunal challenging a completed acquisition of Complete Environmental Inc by CCS Corporation`s currently known as Tervita. However, the SCC’s majority decision found out that, while the Tribunal and Federal Court of appeal where right in claiming that mergers would usually hinder competition, they wrongly ...

Introduction

In general, every firm possesses a specific market structure, which is mainly determined by the number of buyers, number of sellers, ease of entry or exit, and the degree of product differentiation (Arnold, 2010). The underlying determinants give rise to four types of market structures. These include perfect competition, monopoly, monopolistic competition, and oligopoly.

The short-run and long-run equilibrium for firms in a perfect competition industry is considerably different. Both short-run and long-run revenue data for a wheat farmer have been shown in table 1 and table 2 respectively.

In the long-run, it is assumed that the entry of new ...

For a long time, the diamond industry had been characterized by the monopoly power of De Beers. It was a price setter in the market for diamonds with its total share of the market reaching approximately 90 percent towards the end of the 1980’s. However, about three decades later, there has been a significant reduction in this monopoly status. Presently, De Beers has lost control over this niche industry. It is no longer De Beers that determines the prices for diamond, but rather the free or independent forces of market demand and supply.

De Beers had initially obtained its monopoly ...

A [a] The term, ‘big bro is watching over you,’ is synonymous to being followed and scrutinized for whatever a person does. From mobile phones to web browsers to satellite tracking, just about anything and everything is ‘bugged’ to watch a person’s move. Most of these close scrutiny apparatus is used by government and paparazzi to gather information on foreign and local agents and celebrities. Phone tapping is a very common means to investigate people in high offices and the U.S spying espionage concerning the NSA which Edward Snowden revealed to the world is once such instance where the ...

The case is about New Balance Athletic Shoe Inc. and how they are planning to increase their efficiency and quality in their operation processes through the implementation of lean manufacturing. At this same period, two of the leading shoe producers Reebok and Adidas have merged hence New Balance needs to focus on ways to counter this move in order to sell effectively.

New Balance was founded in the year 1906 in Boston by William J. Riley, and it was formerly known as New Balance Arch. William was a 33-year old British, who dedicated himself to help people with feet ...

Now that technological progress has made it possible to apply medical innovations for saving human lives, there has appeared a measure of dissonance between the advocates and the adversaries of patents. Patenting means a person is granted a monopolistic or exclusive right to scientific achievement, which is purchasable for a certain financial reward that recoups the disclosure. However, patents imply zero availability of medical procedures to both patients and doctors, which places human lives in jeopardy. The point is that there is a need to protect intellectual property and the need for medical technologies to serve ethical purposes of saving human lives.

Is It Ethical to Patent Medical Procedures

Some experts ...

Introduction

The market is a system or institution where buyers and sellers interact for the purpose of exchanging goods and services for a price. The sellers present their goods and or services and the buyers pay the set price for them. Monopoly in the market is a situation whereby one, seller offers a commodity ...

Many stakeholders are increasing pushing for more relaxation of intellectual property rights. The common argument among these stakeholders is that relaxing the intellectual property rights, as well as corporate knowledge on intellect and knowledge, will be in the society’s best interests. This argument has been dismissed by many of the current content intellectual owners who desire or want to maintain their ascendancy and resist sharing out the intellectual property which is in many cases their main power source. There is however some little bit of evidence that seems to suggest that the relaxation of property rights monopolies may ...

Introduction

In the present business world the assumption is that firms would like to maximize profits, but in the real life maximizing profit has a great impact on the society and the economy (Wigley 1996). Firms are classified according to the type of market structure they belong to. There are four types of market structure; perfect competition, monopoly, monopolistic, and oligopoly. The main factors that influences a market structure are; the number of buyers and sellers, the degree of product differentiation, the knowledge of buyers and sellers regarding a commodity and the strengths of barriers to entry and exit. Different industries ...

Eighteenth century how to become an icon in the history of fashion and influence our life

Embellishment, poise, elegance are some of the adjectives that can be used to describe the trend in art and architecture of 18th century. The age witnessed the most elegant and stylish way of fashion. It can also be called as a fashionable era. 18th Century era is generally known as the Age of Enlightenment. The beginning of this century experienced a significant change in culture, art and architecture. Fashion industry also was on its peak. The fashion centre in this era shifted from Versailles to Paris. The educated Aristocratic class was called bourgeoisie class. They settled down in Paris. The new ...

The Economist’ article that I have chosen for my presentation is related to the largest media company in Brazil called Globo. As Brazil is currently hosting the World Football Championship, you might assume that the TV viewing must increase dramatically during this period; however, it is not the case. Globo channels are viewed by 91 million people on a daily basis; that is almost a half of the entire population. In the United States, for instance, the only network which has won the rights to broadcast the Super Bowl can have such an audience once a year. Globo Group is a large media ...

Answer 1)

A monopoly is characterized by one seller, well define product that has no substitutes. For a firm to maintain its monopoly position, it is essential that the barriers to the entry to the market are high. Although, this kind of market structure leads to deadweight loss in the society by producing lower than efficient output, but still there are many instances as in case of natural monopoly, where a society is served better by the monopolist than a competitive market structure.

A natural monopoly exist in a industry where a single firm can produce output such as to supply the market at lower ...

1. Critically evaluate the following suggestion: “If the price elasticity of demand for food is low, therefore if you own a restaurant, you can charge higher price to increase revenue”.

Consumers’ sensitivity to price is known as the price elasticity of demand. Simply put, it measures the degree of responsiveness of consumers to a given change in price. A good with an elastic demand will have a value greater than 1 and will experience that people are very sensitive to a given change in price. Products with an inelastic demand will find that even if price increases by a small amount, the quantity ...

Different Market Structures

- The different market structures are summarized in the table below (Template A). - Examples of different market structures

- Perfect competition – New York Stock Exchange In the NY stock exchange there are many small firms that offer the same type of services (brokerage). The fees charged by these firms have very little variance. There is also very little government intervention on how to compete in the market, and as such, any person can enter and exit the market at any time.

- Monopoly – Energy distribution Electricity distribution is a monopoly. Normally there is only ...

What is Resource Rent?

The aspect of resource rent has been trending in the recent past and can be observed from diverse perspectives. Economically, the term rent refers to the residual value that remains after all the expenses are accounted for, and results obtained. Ideally, economic rent is often used to refer to the surplus value but when natural resources such as valuable minerals and coastal space are involved then it is known as resource rent. Historically, the process of identifying, measuring and collecting resource rent is very complicated and do not involve straightforward process (Thampapillai, D. J., Hansen & Bolat 2014). The collection ...

Monopolistic competitive markets and oligopoly are market structures. Monopolistic competitive market is a market structure with many buyers and sellers with differentiated products. The products are not close or perfect substitutes. In oligopoly, there are very few sellers in the market, therefore, becoming easier for them to inter relate easily with each other. (Tewari, 1996).The both have different features thus, becomes straightforward to distinguish them from each other.

An example of a monopolistic competitive market can be taken from the toothpaste industry. There are many different types of toothpaste and also many consumers. It is upon the strategies put in ...

Introduction

The analysis applies important microeconomic concepts capable of increasing the competitiveness of Kudler Fine Foods. Different organizations operate in different marketing structures depending on the type of business, size, and goods and products sold. According to Colander (2010), the four basic types of marketing structures that businesses currently operate on are oligopoly, monopolistic, perfect, and monopoly. Understanding competitive strategies adopted by Kudler Fine Foods assists in establishing the type of market structure where the company operates. Additionally, the analysis will discuss the effect of the chosen market structure on the organization and the relationship between the market structure and ...

Smith's opinion of the views Theil offers in his bookMarket forces ensure production of right goods and services. The price resulting from competition would equal the cost of productions in the long run. However, Thiel is of the opinion that under the perfect competition, business tends to be so focused on the current margins to a level that it cannot possibly have a long term plan. Its only monopoly profits that can allow a business to transcend the daily survival struggle. Thiel illustrates that competition can make people so strong in whatever they are competing. Competition ends up making one focuses so ...

The institutional affiliation

The four major market structures in the modern economic world are: perfect competition, monopoly, oligopoly, and monopolistic competition. Each one has strengths and weaknesses, opportunities and threats, so let us take a closer look at them.

Perfect completion is also called pure competition and is a benchmark where competition exists at its best level. Perfectly competitive market has large number of participants and none of them is large enough to influence the product price or its quality. In other words, there are so many sellers that neither price nor quality varies significantly. Pure competition market is easy to enter and exit ...

The human race is facing serious threats from killer diseases caused by mutated viruses. Killer epidemics are one of the major predicted reasons for the extinction of human race. Kibola the newly identified epidemic is a matter of high concern for medical practitioners as well as pharmaceutical companies. This epidemic spreads through air and water which makes preventive mechanisms very difficult. Since this disease is caused by a mutated form of Ebola virus, the symptoms are almost the same as Ebola. However the mortality rate is three times higher and the spreading rate is also enormously high. The symptoms are high ...

Introduction

Different firms in the world today are continually engaging in co-operative strategies through cooperation with other firms in partnership and strategic alliances rather than forming completion between them. They mainly engage in strategic alliances joint forces for a sustained competitive advantage and a mutually beneficial opportunity (Gulati, 1998). Two or more firms in the same or different industries but operating at the same production stage may merge to share resources at that same level as in the case of horizontal integration. This acquisition usually results to the creation of a monopoly (Lateral integration). In addition, a partnership may exist between the firm and ...

The establishment of the GrainCorp as a grain Elevators Board during the time of change a bulk grain terminal that had been proposed to Sydney at the turn of the century when the workers were bagging grain manually. GrainCorp became into existence as the main Grain Elevator board during the period of time when the changes on the heavy grain end had been decided on for Sydney at the beginning of the century when the employees were believed to bag the grains. This was proved by the New South Wales Government department of Agriculture. The export of bulk grain became a tremendous ...

The anti-trust laws against Microsoft by the US and the European Union because of its dominance in the market. Given that Microsoft is a monopoly and due to this fact, the company can hold process above that marginal cost in order to get more profits. Microsoft, which is owned by Bill Gates, is one of the most valuable companies because it reaps a lot of profit from its sales. It is crucial to note that that the anti-trust laws were invented by the government to control major industries in the market. Given that a large market share demonstrates more power in terms ...

Part 1

- In what ways did the video "The Crisis of Credit" demonstrate the failure of the banking industry's Fiduciary Relationship to investors and home owners?

The video explains a worldwide financial disaster that effected everyone. It started on the burst of the dot com bubble when the federal reserve of the United States decreased the interest rate to 1%. This value dramatically dropped the investment level because of the reduced ROI. This action made banks to take more and more loans from the Federal Reserve. The leverage increased as it became very easy to return a loan, so the demand for credit increased rapidly.

The banks took a lot of credit, and they were easily able to payback and made a lot of profits. Investors saw this as ...

In many capitalist economies, the production of goods and services is controlled by the few who are able to produce the goods with minimal of without any competition. Such an economy is controlled by a few individuals who are able to produce or have been protected by the legistation. Such people who are able to produce goods for production are referred to as the monopolists. Monopoly in the marketplace indicates the existence of a sole seller. This may take the form of a unified business, organization, or it may be an association of separately controlled firms, which combine, or act together, for ...

Four Market Structures

Perfect Competition – In this first market structure, identical products are being sold according to their market value (financetrain.com). There are low entry barriers to this market in which the only factor that determines the sale is the price. Given that there is no producer that can affect prices, there is a horizontal demand curve for such market. One example of this market structure is an agricultural crop that is only produced in certain region.

Monopolistic Competition – This market structure is similar with Perfect Competition as it also has low entry barriers for numerous firms. However, products are differentiated ...

Objectives

- Compare various market structures and their characteristics.

This objective’s aim was to help understand the various types of market structures namely; Oligopoly, Monopolistic competition, Perfect competition, Oigopsony, Monopoly and Monopsony. In evaluating the achievement of this objective, the group notes that the greatest difficulty in differentiating the types of markets was in the competitiveness of the different market structures. However, it was also pointed out that this differentiation could be clearly outlined in a sequence grouping the markets from the most competitive to the least competitive.

In this sequence, the most competitive market was found to be the ...

Questions

1. Do you believe the labels that they were not acting in their own self-interest?

I do not believe that the labels were not acting in their own self-interest. By setting a price floor for their CDs (minimum advertised pricing) they were effectively able to control the revenue they would get. This ‘minimum price’ was set high and this led to higher profit margins at the expense of the consumers.2. Is this a price-fixing scheme or a pure case of altruism?

This was a case of price-fixing. By getting retailers to sell their CDs at an agreed price, the music labels were ...

a) Why the OPEC oil cartel succeeded in raising prices substantially while the Intergovernmental Council of Countries Exporters of Copper (CIPEC) copper cartel has not.

The Organization of the Petroleum Exporting Countries (OPEC) has succeeded in raising the price of oil substantially. For example, during the 1970s, the oil prices were increased by over 700 percent and this made the exporters of other natural resources imitate the OPEC model including the Intergovernmental Council of Copper Exporting Countries (CIPEC). However, CIPEC, unlike OPEC has failed to increase the price of copper. A number of reasons can be attributed to OPEC success including its control of about 76 percent of the world’s oil supply (Levenstein & Suslow 2006). Moreover, Oil has inelastic demand because it ...

Question one

The objective of every business entity regardless of their size to maximize profits and minimize costs. This is achieved by either maximizing their revenue and cutting down on expenses hence; the gap between costs and revenue increases. Businesses can achieve profitability by ensuring that they are economical on how they spend their resources and maximize the capacity of their productive apparatus. For example, they maximize the productivity rate of a machine by producing at the level where it is functioning optimally. The costs are cut down by ensuring that the unnecessary resources are preserved until the time they are needed ...

ECO/365

In this paper, the student discusses the different market structures with focus on the oligopoly market. The student identified he food processing industry as an oligopoly industry dominated by PepsiCo, Kraft Foods, and Nestle. Moreover, competitive strategies are presented for the maximization of profits in the long run as well as the strategies that the chosen organization (PepsiCo) might consider in maximizing profits.

I chose the food processing industry for the purpose of discussion in this paper. There are three world leading companies under this industry namely, PepsiCo, Nestle and Kraft Foods. It is stated in the book Rule ...

Abstract

The competitive nature of firms and their environment is important in establishing whether a market is a monopoly, a perfectly competitive, oligopoly or monopolistic competition. The antitrust laws are composed of four Acts of legislations that contribute towards the law. Antitrust laws focus on ensuring fair, transparent and competitive trade activities in all industries or markets. Industrial and social regulations are usually conducted by legally established bodies. The regulation is done according the kind of market structure. This is because different market structures have different characteristics. Therefore, the regulation must be tailored to suit the specific market problems. The regulatory bodies have ...

According to Shaun and Gottret (2004), the residual curve refers to the individual demand curve of a firm that is the part of the market demand which is not provided by other competing firms in the market. It can, therefore, be defined as the market demand function after it has been subtracted from the quantity supplied by other competing firms at each price. Suppose the market demand is D (p) and the supply provided by the other firms is S o (p), then there are several ways to calculate the demand for the firm. The first one is by expressing the relationship ...

FOREWARD

This reports aims at shedding light in the best strategy for Ahold to adopt in identify the best target company to take over its aims to expand its food retailing services. In this report the best comparison that will lead to aid in best decision making is by use of ratios since the business are reporting in different currencies and since the use of exchange rate would be biased due to volatility of the exchange rates overtime and thus such results would be quite unreliable and might lead to wrong decision making which would adversely affect the predator ...

A monopolistic competition market structure is one common structure in the current business and economic conditions. This kind of market structure incorporates the competitive market and monopoly market structures. It comprises the characteristics of both kinds of markets. The market comprises of many firms, all competing for the same consumer market. However, the goods produced by each of the firms in the monopolistic competition structure are slightly differentiated. These products are close substitutes to one another. This characteristic grants the firms in the market power to act like monopolies. There are many sectors or industries whose products markets are ...

Company Overview

Nas-T-Shirts will be the talk of the town! This new t-shirt line will allow people to wear their attitude, cause, idea or general informative messages on their shirt! Nas-T-Shirts will allow verbal artists to treat an ordinary shirt as his canvas, stating crafty messages that are brought to life using cutting edge shirt-print technology done with high quality ink, resulting in very professional looking and long-lasting works-of-art.. Nas-T Shirts will make your thoughts and musings an everyday, accessible fashion accessory!

Nas-T-Shirts Corporation is headed by founder (name of student) and its office is located at (address of student). Nas-T-Shirts ...

Marketing is an effective tool and strategy for increasing the sales of products and services. It is all about understanding the customers and finding the best way of providing products or services that customers demand. It involves communicating the value of the products or services to the customers to influence the customer purchasing decision making. Various marketing models, especially the traditional ones, generally concentrate on single individuals without taking into account the social interactions between the individuals. People are generally influenced by others (their peers, family members, and friends) and this influence affects their purchasing decision. This influence is ...

Apple, the leading computer manufacturing company founded by Steve Jobs and Steve Wozniak in 1970 does not own an equally innovative, inspiring and a somewhat lofty mission statement as it could have been perceived (About, 2012). The mission statement of Apple is delivered as:

"Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and has recently introduced iPad 2 which is defining the ...

The government has the responsibility of ensuring that there is a competitive and conducive environment for all business. This will not only promote equality and optimal productivity among firms but also protect the welfare of consumers. The government should ensure that the pricing of products is checked, the product quality raised and competition among firms improved.

Industrial regulation is the government’s effort to control prices of industrial products either indirectly or directly. This is done mainly on industries producing utilities such as electricity. Industrial regulation exists to prevent price fluctuations in the industry, stabilize the prices. The government can ...

(a) The price in the market for this perfectly competitive from when p1, the firm would desire to sell over a hundred units. This is because the prices of single units would have gone down. The firm would sell more units with a tiny profit margin on each unit to make profits. The firm will then sell more units so that it can accumulate more profits and be able to stay in the business. Economically, the firm would not be making tangible profits because the margin on each unit is very small. If the firm does not have other products it is ...

1. Why might an industry which at first glance seems to be purely competitive or monopolistically competitive because of its large number of firms atsecond glance turn out to be monopolistic or oligopolistic? For a better understanding on the appearance that an industry may take, one must first of all have a clear understanding on the terms that are attached to it, changing its status. In this respect, it should be stated that an industry that seems to be monopolistically competitive refers to a market where many companies are selling differentiated products. This differentiation my come up from the features ...