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We have over 838 essays for "Perfect Competition"

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Monopolies vs Competition in a

Words: 1154 Length: 3 Pages Document Type: Term Paper Paper #: 19799611

Instead, IM began to falter after a series of product failures. As a result, many companies gained market share against IM with some even over taking it; an efficient market took care of the issue.

Yet, another example of why government should not interfere with market structures is the airline industry. After 1978, the airline industry was quickly transformed into an oligopoly market structure where only a half dozen or so companies controlled 90% of U.S. travel. Airlines such as American mostly enjoyed high profits until 2000, taking advantage of limited competition and their ability to price discriminate to increase profit margins for those customers who were willing and able to pay higher prices. eginning in 2000, everything came crashing down for the airlines (pardon the pun). American airlines lost money from 2000 until it finally reaped a small net profit in 2005. The oligopoly market structure that once fueled…… [Read More]

Bibliography

America's Airlines, Flying on Empty (2005, September 6). The Economist. 6 Sept. 2005.

Conigliaro, A., Elman, J., Schreiber, J. And Small, T. "The Danger of Corporate Monopolies." http://cse.stanford.edu/class/cs201/Projects/corporate-monopolies/index.html

Micro. http://library.thinkquest.org/C004323/low/micro2.html

Conigliaro, A., Elman, J., Schreiber, J. And Small, T. "The Danger of Corporate Monopolies." http://cse.stanford.edu/class/cs201/Projects/corporate-monopolies/index.html
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Monopolistic and Oligopolistic Competitions Comparison Between Monopolistic

Words: 1446 Length: 4 Pages Document Type: Essay Paper #: 48698463

Monopolistic and Oligopolistic Competitions

Compaison between monopolistic competition and oligopolistic competition

Inteest Rates

Monopolistic competition is a maket stuctue whee lage numbe of fims sells diffeentiated poducts that ae highly substitutes to one anothe but not pefect substitutes. Thee is a fee enty and exist in the monopolistic competition, and the fims demand cuves ae downwad sloping. Examples of a monopolistic competition ae the fims poducing clothing, toothpaste, estauants etc. On the othe hand, oligopolistic competition is a maket stuctue whee thee ae few fims competing among one anothe. Thee is a baie of enty because of the economic of scale, patent, and the technology involved in setting up the fim and the pesence of few fims give the fims advantage to make excess pofits. Examples of oligopolistic competitive maket stuctues ae automobiles, steel, aluminium, petochemicals, and electical equipments. While thee ae few fims in the oligopolistic maket, thee ae…… [Read More]

references and Income Efects in Monopolistic Competition Models. University of Munich.

A Monopolistically Competitive

Firm in the Short and Long Run

Quantity

$/Q
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Government Has a Perfect Right

Words: 1525 Length: 4 Pages Document Type: Term Paper Paper #: 48657994

eber and Spencer took this further and say the need for government control over some aspects of society, but not those that removed decisions and rights from the individual. Thus, as adults and citizens the government should offer structure and guidance in a manner that is consistent with the social goals of the Enlightenment; namely allowing actualization without overly reducing individual decisions and actualization.

orks Cited

Aristotle. Nichomaecean Ethics. New York: Nuvision Publications, 2007. Print.

Barry, B. hy Social Justice Matters. Malden, MA: Polity Press, 2005. Print.

Bayer, R., ed. Public Health Ethics. New York: Oxford University Press, 2007. Print.

Constitutional Rights Foundation. "Plato and Aristotle on Tyranny and the Rule of Law." Fall 2010. crf-usa.org. eb. April 2013. .

Gay, P. The Enlightenment - the Science of Freedom. New York: .. Norton, 1996.

Porter, R. The Enlightenment. New York: Palgrave-MacMillan, 2001.

Sharma, C. "Beyond Gaps and Imbalances." Public Administration…… [Read More]

Works Cited

Aristotle. Nichomaecean Ethics. New York: Nuvision Publications, 2007. Print.

Barry, B. Why Social Justice Matters. Malden, MA: Polity Press, 2005. Print.

Bayer, R., ed. Public Health Ethics. New York: Oxford University Press, 2007. Print.

Constitutional Rights Foundation. "Plato and Aristotle on Tyranny and the Rule of Law." Fall 2010. crf-usa.org. Web. April 2013. .
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America Having the Perfect Schools Has Long

Words: 1243 Length: 3 Pages Document Type: Term Paper Paper #: 99321706

America, having the perfect schools has long been thought to be the panacea of all our nation's social troubles. If only we could teach our children to master America's social values while still in school, we could produce a population of perfect engineers for our future society. Injustice, racism, poverty, and all the other social illnesses of America would be cured by this new generation of progressive thinkers. The quality of our nation's education system needs to be improved, and President Bush's education reform plan will do just that.

It is obvious that the so-called "progressive" educational approach has failed. The academic knowledge of our children has fallen in comparison to other industrial nations. In an attempt to stem our nation's slide in educational rankings, government expenditures for education have risen dramatically. Every year, billions of taxpayer dollars are poured into the U.S. education system. The government seems to believe…… [Read More]

Works Cited

Digest of Education Statistics, 1991." National Center for Education Statistics.  http://nces.ed.gov//pubs2002/digest2001/ch6.asp .

Economic & Social Data Ranking. http://web.hhs.se/personal/suzuki/o-English/UnitedStates.html.

Frase, Larry E, and William Streshly. Top Ten Myths in Education. Lanham, MD: Scarecrow, 2000.

Hirsch, E.D. The Schools We Need and Why We Don't Have Them. New York: Doubleday, 1996
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Language Is the Perfect Instrument

Words: 4854 Length: 14 Pages Document Type: Term Paper Paper #: 34736050

Consider the fact that the Iroquois are said not to have had a strong word for the singular "I," and that they subsequently developed what was arguably the longest lasting communal representative democracy the world has ever known. The Inuit, whose culture revolves around the arctic world, have dozens of words for snow - this sort of technical knowledge allows quick and accurate transmission of conditions and training in survival.

In Western terms, one remembers that Jesus Christ was said to be "The Word," yet in the original Greek this indicates not only a spoken word but also the Logos - the root term for intellectual reason, for Meaning within context (be that the context of a sentence, a life, a history, or a universe); logos was rational order. The difference between saying that a religious figure is the Word (which at its most profound seem to indicate a kind…… [Read More]

Bibliography

Atkins, J.D.C. (1887). Report of the commissioner of Indian affairs. House Exec. Doc. No. 1, Pt. 5, 50th Cong., 1st Sess. Washington, DC: U.S. Government Printing Office.

Boston Language Institute. "TEFL FAQ  http://teflcertificate.com/faq.html 

Ethnologue. "English  http://www.ethnologue.com/show_language.asp?code=eng 

Macha, Freddy. "Tanzanian Independence Day Abroad. http://www.unclesamofafrica.com/TanzaniaGuardian.htm
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Goals Athletes Set in Training and Competition

Words: 1560 Length: 5 Pages Document Type: Essay Paper #: 44450403

Goals Athletes Set in Training and Competition

Perhaps the biggest mistake a researcher can make it to assume that if research has been done, that means the research is good research. In actuality, there is a significant amount of bad research available and those who rely upon it can easily draw bad conclusions. While there are an infinite number of ways that research can be bad, probably the most significant risk in bad research is research that detects a relationship (correlation) between two or more different variables and, from that relationship, seeks to suggest that there is causation between two or more of those variables. This can be due to an improper conclusion, but it can also be due to faulty research design that has failed to account for all of the other variables that could impact the results.

Defining Good esearch

It can be difficult to define good research…… [Read More]

References

Denscombe, M. (2007). The good research guide for small-scale social research projects, 3rd

Ed. Poland: Open University Press.

Munroe-Chandler, K., Hall, C., Weinberg, R.S. (2004). A qualitative analysis of the types of goals athletes set in training and competition. Journal of Sport Behavior, 27(1), 58-74.

Shuttleworth, M. (2008). Validity and reliability. Retrieved March 9, 2012 from Experiment
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Pricing Strategies

Words: 3056 Length: 9 Pages Document Type: Research Paper Paper #: 53473376

market structures and the pricing strategies which are specifically related to each of them. The introductory section of the paper gives an overview of the four major types of market structures and explains the main features which draw distinguishing lines between them. These major types of market structures are perfect competition, monopolistic competition, monopoly, and oligopoly. The second section discusses the pricing strategies which are used by competitors in each of these market structures in order to compete with the other competitors or operate in a profitable and competitive fashion. A case study has also been included which gives a real life example of the market structure and pricing strategies of a specific company. The paper concludes by giving summary and key findings from the whole discussion.

Introduction to Market Structures

Market structure refers to the number of competitors operating in a particular industry and the level or intensity of…… [Read More]

References

Boyes, W.J., & Melvin, M. (2012). Economics, 9th Edition. Mason, Ohio: South-Western Cengage Learning

Gitman, L.J. & McDaniel, C.D. (2009). The Future of Business: the Essentials, 4th Edition. Mason, OH: South-Western Cengage Learning

Hall, R.E., & Lieberman, M. (2010). Micro Economics: Principles and Applications, 5th Edition. Mason, OH: South-Western, Cengage Learning

Mankiw, N.G. (2011). Principles of Economics, 6th Edition. Mason, Ohio: Thomson South-Western
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Economic Concepts -- Monopolies and

Words: 624 Length: 2 Pages Document Type: Essay Paper #: 91643942

The composite raw materials of dry cell batteries and the ingredients in vitamins are equally available to any entity wishing to enter those markets. Moreover, there is little to distinguish the products of different manufacturers in those areas besides packaging and branding because the products themselves are essentially identical.

Many consumer services such as hair dressing and auto repairs also represent perfect competition scenarios because the barriers to entering the market are not very high and once in business, the prices commanded by individual proprietors are substantially dictated by prevailing market prices and the traditional dynamic of supply and demand.

Applying Saint Leo University Core Values to Economic Markets

In principle, the core values of Saint Leo University (and of Christianity, more generally) require us to be morally and socially responsible members of the human community. Furthermore, those core values also require us to serve our communities, to contribute to…… [Read More]

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Intra-Industry International Trade

Words: 2169 Length: 7 Pages Document Type: Term Paper Paper #: 84900433

Trade Theory

Intra-Industry International Trade

Standard trade theory and its deviations

The classical theory of international trade can be traced back to the founding father of capitalism Adam Smith: Smith's 1776 Wealth of Nations theorized that free trade would be beneficial to all nations. Smith stated that much like merchants, nations should specialize in the particular goods and services which they could produce most efficiently and trade with other nations who could produce alternate goods and services equally efficiently. Thus free trade resulted in advantages for both trading parties. Smith's theory was later fleshed out by David icardo in his Principles of Economics. iccardo stated that free trade could optimize efficiency for every country on a global level by reducing the inefficiencies generated by the excess resources involved in producing the goods and services the nation was not suited to produce (Sen 2010: 2).

This common wisdom remained relatively consistent…… [Read More]

References

Agglomeration economies. (2013). Economics Help. Retrieved from:

 http://www.economicshelp.org/blog/glossary/agglomeration-economies/ 

Carlton & Perloff. (2010). Strategic trade. Modern Industrial Organization (4th ed). Pearson.

Retrieved from: http://wps.aw.com/aw_carltonper_modernio_4/21/5566/1425036.cw/content/index.html
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Economic for Business

Words: 2780 Length: 8 Pages Document Type: Term Paper Paper #: 22418309

Economics for Business

The company that I am studying is Apple. The company is a designer and marketer of consumer electronics, specifically computers, smartphones, tablets, mp3 players and software. The company has experienced a strong run of great performance in recent years, but it has not always been that way for Apple. The company struggled considerably, especially in the 1990s, before breaking loose. The key thing about Apple is that it has always sought to differentiate itself. Over the course of the past ten years, we have seen most of Apple's former competitors in the personal computer space leave the industry. The reason is that the computer industry is moving towards the strategic hell of perfect competition.

Strategy Hell

The term strategic hell reflects the condition of perfect competition. In the real world outside of economics textbooks, few markets can be truly understood to be perfectly competitive. Perhaps a vegetable…… [Read More]

References

Lunden, I. (2013). Android at 82% share, Samsung a flat leader. TechCrunch.. Retrieved November 25, 2013 from  http://techcrunch.com/2013/11/14/gartner-456m-phones-sold-in-q3-55-smartphone-android-at-82-share-samsung-a-flat-leader/ 

Mourdoukoutas, P. (2013). Apple's most important branding lessons for marketers. Forbes Retrieved November 21, 2013 from  http://www.forbes.com/sites/panosmourdoukoutas/2013/10/05/apples-most-important-branding-lesson-for-marketers/ 

MSN Moneycentral. (2013). Apple Inc. MSN Moneycentral. Retrieved November 22, 2013 from  http://investing.money.msn.com/investments/stock-income-statement/?symbol=AAPL 

Riley, G. (2013). Strategic choice: Apple: Differentiation v scale. Tutor2U.net. Retrieved November 21, 2013 from  http://www.tutor2u.net/blog/index.php/business-studies/comments/strategic-choice-apple-differentiation-v-scale
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Five Forces Analysis Porter 1980

Words: 1857 Length: 7 Pages Document Type: Term Paper Paper #: 57406247

Five forces' analysis (Porter 1980)

Five Forces Analysis of Competitive Structure

Michael Porters Five Forces Analysis of Competitive Structure is a paradigm for competitive position, which states that overall a company's profitability may be determined as a measure of the industry it is competing in and its strategic position within that industry (Strategy4u, 2004). According to the model some industries by nature will have a higher profit potential than others, primarily because they have a stronger competitive position and are placed within a more profitable industry.

Porter's Model also suggests that profitability is assessed via several factors, including the following: buyers/customers power, supplier's power, and rivalry among competitors, threat of new entrants into the market, and the threat of substitute products (Strategy4u, 2004). The company or industry will have a greater profit potential the less influential each of these items are. For example, if a company sells a product for…… [Read More]

Bibliography

Business Insight. "Michael Porter's Five Forces Model." 2003. Available: http://www.businessplansoftware.org/porter.asp

Devine, Donald. "Pols Dare Not Challenge Giveaway to Media Gods." Insight on the News, Vol. 13, May 1997. p. 1

Economics A-Z." Economist.com. Retrieved March 27, 2004. Available:  http://www.economist.com/research/Economics/alphabetic.cfm?TERM=PROFIT 

Fellner, W. "Competition among the Few: Oligopoly and Similar Market Structures." New York: A.A. Knopf, 1949, pp. 55-59
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Economics Business' Micro Economics Required Write Assignment

Words: 726 Length: 2 Pages Document Type: Essay Paper #: 96886786

Economics usiness' (Micro Economics) required write assignment response question: Compare contrast ' forces' analysis competitive structure S-C-P (Structure Conduct Performance) models perfect competition, monopoly oligopoly.

Five Forces vs. SCP model

The SCP model of market development suggests that there are three basic market structures which exist, that of perfect competition, monopoly and oligopoly. In a model of perfect competition, consumers are extremely powerful. "Perfect competition is characterized by many buyers and sellers, many products that are similar in nature and, as a result, many substitutes. Perfect competition means there are few, if any, barriers to entry for new companies, and prices are determined by supply and demand" (Monopolies, oligopolies, and perfect competition, 2012, Investopedia). It is very easy for new firms to enter the marketplace, and very easy for consumers to shift their purchasing power to other entities that offer them a better deal. There is little advantage to operating…… [Read More]

Bibliography

Monopolies, oligopolies, and perfect competition. 2012. Investopedia. Accessed:

 http://www.investopedia.com/university/economics/economics6.asp #ixzz25PGv2SOV

[3 Sept 2012]

Porter's five forces. 2012. Tutor2U. Accessed:
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CPI Marginal Analysis Is an Examination of

Words: 484 Length: 2 Pages Document Type: Essay Paper #: 75377654

CPI

Marginal analysis is "an examination of the additional benefits of an activity compared to the additional costs of that activity (Investopedia, 2012). The idea is that for the toothpaste division, the company would only produce more if the profits that it gains from producing more outweigh the costs associated with that increased production.

The number of cases needed to maximize profits is calculated as follows:

= 0.006Q

So 7000 cases is the point of profit maximization.

Based on the assumption that the toothpaste market is in a state of perfect competition, if CPI raised prices, nobody would buy our toothpaste. Demand would fall because our competitor's toothpaste would be cheaper and would be of equivalent quality. In perfection competition, companies do not have any leverage (Heakal, 2012).

If the market price of toothpaste rose to $54 per case, then the point at which profit is maximized would change. The…… [Read More]

Works Cited:

Heakal, R. (2012). Monopolies, oligopolies and perfect competition. Investopedia. Retrieved April 22, 2012 from  http://www.investopedia.com/university/economics/economics6.asp #axzz1sePDzPr1" target="_blank" REL="NOFOLLOW">
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Market Structure and Pricing Strategies

Words: 3091 Length: 9 Pages Document Type: Research Paper Paper #: 49191873

market structures in detail and analyses the pricing strategies that the firms have to undertake when they operate in different regimes. The case study on Toyota is considered next, which indicates that firms competing in various structures does not only have to focus on price and quantity ceteris paribus, they also have to consider external and internal variables that have a bearing on these decisions.

Introduction to Market Structures

Market structures are important parts of economic theory as they model market behavior that can help economists explain activities in industry with ease. Market structures, hence are basically models that define market behavior with respect to certain criteria so that it becomes simpler to compare events in real life to the postulated scenario as described in theory in order to be able to determine casualties and to define optimal strategies that firms operating in different market structures can use.

There are…… [Read More]

References

Bennett, D., Hagiwara, Y., & Kitamura, M. (2011, September 5). Toyota Bets on Japan. Bloomberg Businessweek, pp. 70-73,. Retrieved from http://web.ebscohost.com/ehost/detail?sid=fbe40510-c02e-4a4c-afc8-b21dbb1445c3%40sessionmgr11&vid=1&hid=10&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=bth&AN=60477158

Cusumano, M.A. (2011). Technology Strategy and Management Reflections on the Toyota Debacle. Communications of the ACM, 54 (1), 33-35.

John Petersen (2011). Bernstein and Ricardo Report: Cheap Will Beat Cool in Vehicle Electrification. Retrieved from http://www.altenergystocks.com/archives/2011/11/bernstein_and_ricardo_report_cheap_will_beat_cool_in_vehicle_electrification.html

Lipsey, R.G., & Chrystal, K.A. (2007). Economics. Oxford: Oxford University Press. Retrieved from  http://books.google.com.pk/books?id=HgXWV8JMC10C&printsec=frontcover&dq=Economics+lipsey&hl=en&sa=X&ei=qPIuT9DdPM7wrQeQ_LzYDA&redir_esc=y#v=onepage&q=Economics%20lipsey&f=false
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Production Possibilities Production Possibility Curves Are Representation

Words: 2527 Length: 6 Pages Document Type: Essay Paper #: 72793006

Production Possibilities

Production possibility curves are representation of the amount of two different goods that can be obtained by shifting resources from the production of one, to the production of the other. In addition, the graph represents maximum specified production level of one commodity that results given the production level of the other (Samuelson, 1962). The curve is used to describe consumers' choice between two different goods.

The curves represent a wide range of economic factors; scarcity, opportunity costs, and choice. According to the curve, scarcity is the fundamental economic problems all societies face; opportunity cost being the cost of anything used in the production in terms of what has to be given; these costs could be financial, but they could include individuals' time and other intangibles. Besides, the possibility curve shows two products and the consumer has the choice to choose the best one between them.

An individual earning…… [Read More]

References

Camerer, C. (2003). Behavioral Game Theory: Experiments in Strategic Interaction. Russell Sage Foundation.

Government of Alberta. (2012, July 25). Oil and Gas. Retrieved October 19, 2012, from www.albertacanada.com: http://www.albertacanada.com/business/industries/oil-and-gas.aspx

Lemieux, P. (2001, March 19). The Diminishing Returns to Tobacco Legislation. The Laissez Faire City Times.

McGraw-Hill Higher Education. (2003 ). Tutorial. Retrieved October 19, 2012, from www.highered.mcgraw-hill.com:  http://highered.mcgraw-hill.com/sites/0070901651/student_view0/chapter10/tutorial.html
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Intra-Industry International Trade Case Study

Words: 2269 Length: 7 Pages Document Type: Case Study Paper #: 89372418

intra-industry international trade within the standard international trade classification SITC6, which represents manufactured foods classified chiefly by material. The scope of this paper is limited to processed foods, and includes analytical frameworks from the gravity model, and classic approaches to product differentiation, product commoditization, pricing, and market structure.

eferences to market structures in the literature typically oversimplify the dynamics influencing the development of market types -- perfect competition, monopolistic competition, oligopoly, and monopoly -- and this tendency is exacerbated when the focus is on intra-industry trade. Further, the distinctions become considerably more obfuscated when companies that are in the same trade do business in both domestic and international markets. A global manufacturing strategy is the goal of most multinational companies, and rationalizing manufacturing strategies is an objective for nations, as well (Lee, 1984). For instance, assume that a country has the industrial infrastructure to produce canned beverages, but there are…… [Read More]

References

Anderson, J.E. (2011). The gravity model. Annual Review of Economics, 3. Boston College.

Arribas, I., Perez, F., and Tortosa-Ausina, E. (2009). Measuring globalization of international trade: Theory and evidence. World Development, 37(1), 127-145. doi: 10.1016/j.worlddev.2008.03.009

Baier, S.I., and Bergstrand, J.H., (2009). Bonus vetus OLS: A simple method for approximating international trade-cost effects using the gravity equation. Journal of International Economics. Retrieved  http://linkinghub.elsevier.com/retrieve/pii/S0022199608001062 

Berstrand, J.H. (1985). The gravity equation in international trade: Some micro-economics foundations and empirical evidence. Review of Economics and Statistics, 67(3), 474-481. Doi: 10.2307.1925976
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Economics a Price Discrimination Strategy Is One

Words: 1288 Length: 4 Pages Document Type: Essay Paper #: 97945151

Economics

A price discrimination strategy is one where different customers are charged different amounts. The price charged for my shop's submarine sandwiches will therefore be different for locals than for visitors. There are a number of ways to achieve this. In the context of a sandwich shop, the prices are going to be listed publicly on the menu, so it is impossible to openly discriminate with respect to prices. One technique that can be utilized to lower the average cost for each sub-for locals is to offer a loyalty card. The local would then receive either a discount or a free sub-after making enough purchases. This would deliver a lower price to locals in the long run. Alternately, a loyalty club can allow the locals to receive discounts if they are members of the club. A certain amount of annual sales would be required for club membership, or even a…… [Read More]

Works Cited:

Investopedia. (2010). Perfect competition. Investopedia. Retrieved October 16, 2010 from  http://www.investopedia.com/terms/p/perfectcompetition.asp 

ACC. (2010). U.S. antitrust agencies issue revised merger guidelines. Association of Corporate Counsel. Retrieved October 16, 2010 from  http://www.lexology.com/library/detail.aspx?g=cf23ba87-0ed6-4db5-9739-d7cf74bcdf8f
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Solutions for the Alcohol Abuse Problem From

Words: 1091 Length: 3 Pages Document Type: Term Paper Paper #: 34552515

solutions for the alcohol abuse problem from economists' point-of-view. The second section of the paper addresses the situation of prescription drugs and how they can affect the demand and supply of other products and services. The paper continues with a section that explains the relationship between supply modification and elasticity of demand, and between demand modifications and elasticity of supply. There is also a section that discusses increasing-costs industries. Another section of the paper address the conditions required for competitive markets to be economically efficient.

There are several solutions that economists can offer when addressing the alcohol abuse problem. In this case, the problem is regarded as a negative externalities situation of the production and consumption of alcohol. The assumption in this case is that alcohol abuse is a negative externality because of its consequences, like drunk driving and the effects on consumers' health and on relationship with other individuals.…… [Read More]

Reference list:

1. Adam, G. (2009). Economic Theory: Supply and Demand. Retrieved January 31, 2012 from  http://www.science20.com/gerhard_adam/blog/economic_theory_%E2%80%93_supply_and_demand .

2. Perfect Competition (2011). Investopedia. Retrieved February 1, 2012 from  http://www.investopedia.com/terms/p/perfectcompetition.asp .

3. Hall, R. & Lierberman, M. (2007). Economics: Principles and Applications. Cengage Learning. Retrieved February 1, 2012 from  http://books.google.ro/books?id=whLWKYNy0UoC&pg=PA220&dq=perfect+competition&hl=ro# .
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Economics of Alchohol Abuse Alcohol for Consumption

Words: 1853 Length: 4 Pages Document Type: Term Paper Paper #: 61366901

Economics of Alchohol Abuse

Alcohol for consumption is not a necessary food item, but for some has become a standard part of adult culture. Increasing the level of alcohol consumption, however, moves from an economic paradigm to a social issue due to the ancillary health and behavioral effects from alcohol abuse. In turn, this becomes part of economics in that it requires fiscal resources to treat societal issues caused by alcoholism: domestic abuse, crime, traffic or driving issues, etc. The economic effects of alcohol are undebatable, and are pervasive in the overt and covert areas of the economy (short- and long-term) (Fogarty, 2006).

In the economic sphere of political and social policy, alcohol, like tobacco and gambling, are considered a "sin" tax that is ostensibly designed to reduce transactions for issues society considers dangerous or undesirable. However, when it comes to alcohol, many see that this type of a sumptuary…… [Read More]

REFERENCES

Ensuring Solutions to Alcohol Problems. (2011). Ensuring Solutions. Retrieved from:  http://www.ensuringsolutions.org/ 

Profit-Maximization in the Long Run. (2010). Welker'sWikinomics. Retrieved from: http://welkerswikinomics.wetpaint.com/page/Profit-Maximization+in+the+Long-run

Tobacco, Alcohol Industries Reject New Sin Tax Bill. (February 22, 2012). ABS/CBN News. Com. Retrieved from:  http://www.abs-cbnnews.com/business/02/22/12/tobacco-alcohol-industries-reject-new-sin-tax-bill 

Avorn, J. (2004). Powerful Medicines: The Benefits, Risks, and Costs of Prescription Drugs. New York: Random House.
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Individual Demand Curve and a Supply Curve

Words: 1175 Length: 4 Pages Document Type: Term Paper Paper #: 88223941

Supply and demand are two fundamental aspects of economics. It is the combination of these elements that makes up a market. Therefore, it is paramount to understand both concepts in order to appreciate the mechanisms of economic theory.

Supply is the ability and willingness of merchants to provide commodities for sale. Quantity supplied is a definite amount of goods at established prices. A supply curve depicts the connections between the price and quantity supplied of a good or service within a certain time period.

In order to understand supply curves, one must also comprehend the law of supply, production costs, marginal costs, and profit maximization. The law of supply states that as the price of an item rises the quantity supplied similarly increases. As the price falls, so too does the quantity supplied. In other words, there is a positive relationship between price and quantity supplied.

Another major factor in…… [Read More]

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Microeconomic in February of 2007

Words: 2558 Length: 8 Pages Document Type: Research Proposal Paper #: 71108631

They will only respond to outcomes that they feel directly. Thus, the government's actions are not having the desired impact on consumer behavior.

A disagree with the government's approach. The interest rate cuts are particularly worrisome. The massive cuts in the early 00s helped to spur the crisis because they had a profound impact on the money supply and helped to restore consumer confidence. Cuts of the same magnitude have been implemented now, but without the same results that were seen in the early to mid 00s. orse yet, if those results were seen, we could find ourselves in a repeat of the housing bubble. If something spurs a surge in consumer confidence, for example a strong holiday retail season, this could help convince banks to loosen their credit. ith the low rates, the market would once again be flooded with capital. This would spur a resurgence in the housing…… [Read More]

Works Cited

Boeri, Tito & Guiso, Luigi. (2007) Subprime Crisis: Greenspan's Legacy. Vox. Retrieved November 19, 2008 at  http://www.voxeu.org/index.php?q=node/488#fn2 

Brown, Jeff (2008) Subprime Crisis: A Bouquet of Opportunity Masked a Reek of Risk. Knowledge @ Wharton. Retrieved November 19, 2008 at  http://knowledge.wharton.upenn.edu/article.cfm?articleid=1995 

Bagley, Nicholas. (2008). The Federal Role in the Subprime Mortgage Mess. Sacramento Bee. Retrieved November 19, 2008 at  http://www.treasurer.ca.gov/beyondthehorizon/20080128.pdf 

Thoma, Mark. (2008). The Fed's View of the Sub-Prime Mortgage Market. Economist's View. Retrieved November 19, 2008 at  http://economistsview.typepad.com/economistsview/2007/03/the_feds_view_o.html
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Economics Most Histories Blame the

Words: 2660 Length: 8 Pages Document Type: Term Paper Paper #: 47608765

The effect of all of this is to drive away those who actually worked the land because they loved it, replacing them with hired hands running machinery, neither of which is likely to be kind to the land.

Monopoly

Perhaps the most familiar form of business except for perfect competition, monopoly situations result when there are many potential buyers for a product or service, but only one seller.

In the Grapes of rath, a monopoly situation is created as the banks decide to remove tenant farmers, preferring to sell the land to a single large conglomerate of landowners or even a single corporation.

Steinbeck could hardly have painted a harsher picture of this monopoly-in-progress, with scenes of huge bulldozers razing all evidence of the tenant farmers from the land. However, he also notes that the 'monopolization' of the Great Plains was seemingly an event bigger even than those landowners who…… [Read More]

Works Cited

Cassuto, David. "Turning Wine into Water: Water as Privileged Signifier in 'The Grapes of Wrath'.." Papers on Language & Literature 29.1 (1993): 67+. Questia. 19 July 2005  http://www.questia.com/ .

Steinbeck, John. The Grapes of Wrath. New York: Viking Penguin, 1939.
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Profit There Are Two Important

Words: 1235 Length: 4 Pages Document Type: Essay Paper #: 56551887

Generic drug makers therefore are competing in the market according to the skills in which they specialize. They specialize in efficient production and distribution of drugs, rather than in developing new drugs.

A generic drug maker can go out of business simply on the basis of not executing their business plan well. However, generic producers have built their business plans around the FDA's current set of regulations. A change in those regulations could have an adverse effect on generic drug makers. For example, if the monopoly protections that come from a new drug approval are extended out further, that would reduce the ability of the generic producer to make money on any given drug. This is especially the case of the drug in question becomes obsolete during the time period prior to the generic having access to that market. In such a situation, the generic maker would not have access…… [Read More]

Works Cited:

Vargas, L. (2001). "Maquiladoras: Impact on Texas Border Cities," in the Border Economy, Federal Reserve Bank of Dallas. Retrieved on December 2, 2011 from:  http://www.dallasfed.org/research/border/tbe_vargas.html 

Investopedia. (2012). Net present value. Investopedia. Retrieved May 18, 2012 from  http://www.investopedia.com/terms/n/npv.asp 

Investopedia. (2012). Perfect competition. Investopedia. Retrieved May 18, 2012 from http://www.investopedia.com/university/economics/economics6.asp #axzz1vG92KPwm

Whitehouse, J. (2011). How to calculate economic profit with the marginal decision rule. eHow. Retrieved May 18, 2012 from http://www.ehow.com/how_8696173_calculate-profit-marginal-decision-rule.html
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Marketing Questions Occasionally When Examining Marketplace Considerations

Words: 572 Length: 2 Pages Document Type: Essay Paper #: 99780600

Marketing: Questions

Occasionally, when examining marketplace considerations, an organization might establish strategies for consolidation. Name the 4 ways to accomplish this objective, and give an example.

Strategies for consolidation, in basic terms, seek to enhance a firm's ability to manage that which it is undertaking at a specified time. In that regard, therefore, such strategies come in handy in protecting a firm's status in the marketplace, via non-growth means. The most common strategies for consolidation, according to Berkowitz (2010) include divestment, pruning, retrenchment, and harvesting.

Divestment in the words of Berkowitz (2010, p. 60) has got to do with "selling off a business or product line." As the author further points out, this particular strategy is in most cases utilized "when an organization believes that there is a weak fit between its major core business and a particular product line" (Berkowitz, 2010, p. 60). For instance, a firm that attributes…… [Read More]

References

Berkowitz, E.N. (2010). Essentials of Health Care Marketing (3rd ed.). New York: Jones & Bartlett Publishing.

Goodwin, N., Harris, J., Nelson, J., Roach, B. And Torras M. (2014). Principles of Economics in Context. New York: M.E. Sharpe.
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Bookselling Industry in Japan Individual Integrative Case

Words: 2208 Length: 8 Pages Document Type: Case Study Paper #: 94421166

Bookselling Industry in Japan

Individual Integrative Case Study: The Japanese Bookselling Industry

This paper focuses on the Japanese Bookselling industry. Under this, it analyzes two successful firms, Bookoff and Amazon. These firms overcome the implications of Saihan Systems using unique ways, making them to achieve a competitive advantage over other firms.

There is a reduction in the number of firms in the bookseller retailing industry in Japan. This is because of many reasons. First, the Saihan System, which makes it mandatory for publishers to fix prices of books before selling them to the retailers. The effect of this rule is that large retailers no longer push other firms out of the industry due to price.

Despite the imposition of Saihan System on the bookselling industry in Japan, both Bookoff and amazon have overcome its implications. The two are doing so through use of unique methods making them have competitive advantage…… [Read More]

References

Amazon japan may sell other firms' goods. (2006, Jul 27). Wall Street Journal. Retrieved from  http://search.proquest.com/docview/399005127?accountid=35812 

By Yumiko Ono and, Masayoshi Kanabayashi. (2000, Jun 22). Focus on japan: A special background report on trends in industry and finance. Wall Street Journal. Retrieved from  http://search.proquest.com/docview/398738784?accountid=35812 

IPO profile: Bookoff corp. (2004, Mar 05). Jiji Press English News Service. Retrieved from  http://search.proquest.com/docview/448498097?accountid=35812 

McClure, S. (2001). Japanese labels retain right to set prices. Billboard, 113(14), 3-3. Retrieved from  http://search.proquest.com/docview/227152099?accountid=35812
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Strategic Financial Management

Words: 3815 Length: 10 Pages Document Type: Term Paper Paper #: 96513574

Strategic Financial Management

Barriers to entry are situations that make it difficult for rivals to penetrate in market. These are the reasons, which inhibit the entry of business to an industry. Theoretically, if an industry is showing a rising trend of profits, it indicates that demand for it products are well and the goods can be sold at a cost generating profits. Thus there will be an inducement for firms to enter this industry to have share of these profits. With the arrival of new firms in the industry, supply increases resulting in a fall of prices. Hence, competitive environment has been created with demand meeting the requirement and prices falling. Barriers to entry are the main reason for market control and the resulting inefficiencies that creates. Generally, monopoly, oligopoly, monopsony, and oligopsony are dependent on the market control to varied barriers to entry. In contrast, perfect competition, monopolistic competition,…… [Read More]

References

Bain, J. (1956) "Barriers to New Competition" Harvard University Press: Cambridge, Mass.

Demsetz, Harold (1982) "Barriers to Entry" The American Economic Review. Volume. 72; No. 1, pp: 47-57

Geroski, Paul. Schwalbach, Joachim. (1989) Luxembourg Barriers to entry and intensity of competition in European Markets. Washington, DC: Office for Official Publications of the European Communities; European Community Information Service.

Gilbert, R. And X. Vives. (1986) "Entry Deterrence and the Free Rider Problem" Review of Economic Studies Volume: 53; pp.71-83.
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Infrastructure Is the Foundation of a Healthy

Words: 1513 Length: 6 Pages Document Type: Book Review Paper #: 60389951

Infrastructure is the foundation of a healthy economy and an equitable society. The World Bank's Policy Research Report on Reforming Infrastructure: Privatization, Regulation, and Competition evaluates infrastructure issues in several major sectors: telecommunications, electricity, transportation, and water. Within these infrastructural areas, the report addresses topics related to privatization, state ownership, competition, and regulation. Finally, the report incorporates social and economic concerns into proposed policy reforms. Both privatization and state control of infrastructures present problems that can be addressed with wise and research-based reform.

Chapter One of the World Bank Policy Research Report on Reforming Infrastructure focuses on network utilities. Not limited to telecommunications alone, a networking infrastructure entails all that is necessary for businesses to compete in the global marketplace. Economic development depends on the creation and maintenance of an effective, reliable, and accessible network infrastructure.

Network infrastructure is a "natural target for government intervention" and yet is "difficult to…… [Read More]

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Setting Up Your Own Web

Words: 673 Length: 2 Pages Document Type: Research Proposal Paper #: 10725735

In this instance, they are likely to generate competition at both levels. In terms of national territory, their threats will materialize in that they will offer lower prices in comparison to traditional retailers. This would be explained by the fact that online retailers register lower costs with the personnel, the training of the sales staff, or the rent of a facility. The competition is likely to be more intense at national level between small retailers as at this stage, they only afford to offer free shipping to the nearby locations. They would request their customers to pay the value of shipping to further locations, increasing therefore the retail price and losing their competitive edge.

Finally, the characteristic of being a price taker should also be looked at. In the case of small online retailer, they are price takes as they have a reduced capability to influence the market. Their customers…… [Read More]

References

Baye, M., 2008, Market Definition and Unilateral Competitive Effects in Online Retail Markets, Journal of Competition Law and Economics, Vol. 4 Issue

Ellison, G., Some Economics of Internet Retail, National Council of Applied Economic Research, Retrieved at http://www.ncaer.org/downloads/lectures/popuppages/PressReleases/popuppages/PressReleases/7thNBER/Gellison.pdfon November 26, 2008

2008, Price Taker, Investopedia,  http://www.investopedia.com/terms/p/pricetaker.asp?viewed=1last  accessed on November 26, 2008
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Merger From the Perspective of the Firm

Words: 632 Length: 2 Pages Document Type: Essay Paper #: 48174227

Merger

From the perspective of the firm, Pfizer and Wyeth can combine their diverse strengths and capabilities, and merge their talents and skills thus enabling them to become more profitable and lucrative. Doing so, they will be able to reach more clients, solidify their already existent client base, and, possibly, expand into other areas whilst establishing themselves in other states and/or in other parts of the globe.

More specifically, advantages to the firm include the fact that:

Quality staff, or additional skills, non-existent in one's own firm, can be acquired

That additional knowledge of the industry or sector can be gained;

That the business intelligence of other firm (or each particular company) can add to current experiences and knowledge;

That there is enhanced access to asses for new products and business development;

That the larger company can now gain a wider customer base, therefore increasing market share;

That there is…… [Read More]

Allocative efficiency. Economics. Help www.economicshelp.org/dictionary/a/allocative-efficiency.html

Merging with or acquiring another business Just Start Ups.com  http://www.juststartups.com/ 

NY Times Pfizer agrees to pay $68 billion for rival drug maker Wyeth www.nytimes.com/2009/01/26/business/26drug.html
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Online Antitrust Issues Antitrust Law Is a

Words: 955 Length: 2 Pages Document Type: Essay Paper #: 22167160

Online AntiTrust Issues

Antitrust law is a United States legal code that helps to maintain market competition by regulating anti-competition actions by organizations. The Sherman Act of 1890 was one of the first attempts to restrict large companies who fixed price, output and then manipulated demand to maximize their products. Standard Oil was one of the prime early examples of a company that controlled markets to the point that the government felt was detrimental to the entry of other competitors (Bork, 1993). In our current example, companies like Facebook and Google are being investigated, similar to Microsoft and AT&T, for controlling the Internet search process and/or network effects. This does not stop with Facebook and Google, but moves into many of the giant e-tailers (Amazon, EBay, etc.) that often use predatory or collusive practices to force customers into either advertising on their site, pricing to their scale, or in the…… [Read More]

REFERENCES

Is Microsoft a Monopoly? If so, why does it matter? (2009). Thisnation.com. Retrieved from:

 http://www.thisnation.com/question/027.html 

Monopoly. (January 20, 2005). The Linux Project. Retrieved from:

 http://www.linfo.org/monopoly.html
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Advertising Claim That Firms Advertise to Manipulate

Words: 599 Length: 2 Pages Document Type: Essay Paper #: 24139444

advertising claim that firms advertise to manipulate people's tastes and defenders argue that advertising provides information. Both are correct, and characterizing these views as "pro advertising" or the reverse is not particularly accurate. Most industries exist in a state of monopolistic competition, and advertising is one of the ways that companies can differentiate themselves from the competition, and through this differentiation companies can exert a greater degree of market control (No author, 2012).

Firms sometimes use advertising as an informational tool, as it provides an opportunity to reveal to consumers the differences between the advertised product and its competitors. Typically, each product within an industry will differ at least slightly with respect to its design and the quality level of the workmanship and other inputs. In addition, firms use other marketing elements such as distribution to help with differentiation. Advertisers often use brands as shorthand for the product or service…… [Read More]

Works Cited:

Fournier, S. & Yao, J. (1997). Reviving brand loyalty: A reconceptualization within the framework of consumer-brand relationships. International Journal of Research in Marketing. Vol. 14 (5) 451-472.

No author (2012). Monopolistic competition, advertising. AMOSWeb. Retrieved May 30, 2012 from  http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=monopolistic%20competition,%20advertising
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Determinants to Sell Both Low

Words: 1126 Length: 3 Pages Document Type: Term Paper Paper #: 37111181

g. food products). However, the majority of consumers are neither sophisticated, nor interested to invest more than the average expensed in such products. Such a company would benefit from creating products that are addressed to a larger set of consumer to increase its profits by selling more products, rather than at higher prices. Many airline national companies used to maintain a high price level, but had to create cheap flights due to the emergence of low cost airline companies and market deregulation in the 70s in U.S. And 90s in Europe (Knorr and Zigova, 2004), and one example for this case is Iberia.

4. Markets. Market characteristics vary as well from one country/region to another, ranging from legal regulations (e.g. tariffs) to buying habits. The globalization phenomenon puts pressure on companies to be increase their worldwide reach. Usually companies resort to market segmentation before defining their products or pricing strategies…… [Read More]

Reference List

Baye, M. R, Morgan J. & Scholten P. (2003). Temporal Price Dispersion: Evidence from an Online Consumer Electronics Market. Journal of Interactive Marketing, Vol. 18(4): pp. 101-115.

Hirsh, L. 2006. How Big is Ecommerce? Ecommerce Times, February 27, www.ecommercetimes.com

Knorr, a. & Zigova, S. Competitive Advantage Through Innovative Pricing Strategy: The Case of the Airline Industry, Berichte aus dem Weltwirtschaftlichen Colloquium der Universitat Bremen, nr. 93, ISSN 0948-3829.

Mulpuru, S. 2006. U.S. eCommerce: Five-Year Forecast and Data Overview - North American Consumer Technology Adoption Study. Forrester Research, www.forrester.com
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Game Theory Does Explains Market

Words: 975 Length: 4 Pages Document Type: Term Paper Paper #: 66523588



c) Mutual Interdependence: This assumption is based on the relationship between two or more individuals where one person depends upon the other for economic interest or benefit. When making a decision one has to consider the effect of his or her decision to the partner. This is common in the Perfect competition -- pure market phenomenon.

With the assumptions above the game theory helps in developing a perfect competition among the consumers.

Goal theory in perfect competition market

It tends to describe market structure based on assumptions which are non-existent, most market systems are imperfect, however the long run and short run situations can help in holding the assumption to be true based on the equilibrium, price and output.

Basic assumptions required for conditions of pure competition to exist as below;

Many small firms: Each producer producing a significant percentage in the total output in the market hence has no…… [Read More]

References

David K.L., (2011). Economic and Game Theory, what is Game Theory. Retrieved April

21, 2011 from http://levine.sscnet.ucla.edu/general/whatis.htm

Geoff R., (2006). Perfect Competition. Retrieved April 21, 2011 from  http://tutor2u.net/economics/revision-notes/a2-micro-perfect-competition.htm 

Theodore L.T. & Bernhard S., (2001). Game Theory. Texas a&M University, London School of Economics, DAM Research Report LSE-CDAM-2001-09 Retrieved April 21, 2011 from  http://www.cdam.lse.ac.uk/Reports/Files/cdam-2001-09.pdf
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Generic Drugs

Words: 3188 Length: 10 Pages Document Type: Term Paper Paper #: 76108424

India Pharma Mfg

Many Americans have responded to the high prices on U.S. pharmaceuticals by purchasing them from other countries. Several countries have built cottage industries around shipping drugs to the United States. Initially, Canada was a favored country for this, given the reliability of drugs coming from Canada. However, price caps or not Canada still has Western prices for its pharmaceuticals, which has led to buyers searching the world for even lower-cost options, one of which is India. India's drug export market has grown at 24% per year, and now equals $14.7 billion, of which 55% goes to Western markets, the U.S. being the largest of these (Taylor, 2013). The total U.S. pharmaceutical market is $359 billion and is expected to grow to $476 billion by 2020 (PWeb, 2013). This paper will analyze the impact that Indian pharmaceuticals are expected to have on the U.S. market. This discussion is…… [Read More]

References

PR Web. (2013). U.S. pharmaceutical market to grow at a 3.5% cagr. PR Web. Retrieved March 27, 2014 from  http://www.prweb.com/releases/us-pharmaceutical/medical-devices-market/prweb10773806.htm 

Sandler, T. (2012). In India, oversight lacking in outsourced drug trials. NBC News. Retrieved March 27, 2014 from  http://investigations.nbcnews.com/_news/2012/03/04/10562883-in-india-oversight-lacking-in-outsourced-drug-trials 

Subbu, R. (2014). U.S. pharma companies benefit from large Indian generic market. The Hindu. Retrieved March 27, 2014 from  http://www.thehindu.com/business/Industry/us-pharma-companies-benefit-from-large-indian-generic-market/article5764662.ece 

Taylor, L. (2013). India: Exports of generics growing 24% a year. Pharma Times. Retrieved March 27, 2014 from http://www.pharmatimes.com/article/13-10-21/India_exports_of_generics_growing_24_a_year.aspx
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CDN Honey Industry the Canadian Honey Industry

Words: 2859 Length: 10 Pages Document Type: Essay Paper #: 23954033

CDN Honey Industry

The Canadian honey industry is widely fragmented and largely undifferentiated. There are approximately 7000 beekeepers and 600,000 colonies in Canada, according to the Canadian Honey Council (2010). Canadian honey is widely exported, to over 30 countries. Annual production is around 28,000 tonnes of honey, of which 16,000 is exported, the export value being $37 million. In recent years, honey production has slipped, but the reputation of Canadian honey abroad remains high (Agriculture Canada, 2008).

This paper will examine the Canadian honey industry, providing not only an overview of the industry and its trends, but also an examination of the industry's key success factors. A complete competitive analysis will be provided, including a Five Forces Analysis and a Value Chain Analysis. There will also be a key success factor (KSF) analysis included in this essay. The paper is intended as an overview of the industry and therefore will…… [Read More]

Works Cited:

Agriculture Canada (2008). Canada's honey industry. Agriculture and Agri-Food Canada. Retrieved November 29, 2010 from http://www.ats.agr.gc.ca/supply/3308_e.htm

Canadian Honey Council. (2009). Production and value of honey and maple products. Canadian Honey Council. Retrieved November 29, 2010 from  http://www.honeycouncil.ca/documents/Honey%20and%20maple%20production%202009.pdf 

Canadian Honey Council website, various pages. (2010). Retrieved November 29, 2010 from  http://www.honeycouncil.ca/index.php/honey_industry 

QuickMBA. (2010). Porter's five forces. QuickMBA.com. Retrieved November 29, 2010 from  http://www.quickmba.com/strategy/porter.shtml
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Kudler Fine Foods How Does the Organization

Words: 1317 Length: 4 Pages Document Type: Essay Paper #: 56585621

Kudler Fine Foods

How does the organization compete in the marketplace? What are the strengths and weaknesses of the firm?

Kudler Fine Foods Company is dedicated to providing quality products and services to its customers. It is unique in the manner in which it delivers its products and assortments to consumers. For instance, the company stocks highly valuable gourmet products that are highly demanded by consumers. These products are unique as they are rarely offered elsewhere by competing firms. In addition, the customer service component allows it to charge premium prices to consumers. The company supplies many of the ingredients needed to create a healthy gourmet meal. As such, consumers have access to more convenience as gourmet ingredients are only offered by a few suppliers within the market place. By offering a large assortment, and combining this offering with superior service, Kudler Fine Foods (KFF) is attracting consumer market share…… [Read More]

References:

1) Etro, F. (2009). Endogenous Market structure and the Macro Economy. New York: Springer
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Growth Theory

Words: 7085 Length: 25 Pages Document Type: Term Paper Paper #: 18556923

Economics of New Ideas and Innovations

This research paper discusses the economics of a new idea. Without new ideas and inventions, the economy might very well become stagnant or decline, as predicted by many early economists, who did not understand that impact that ideas and innovative technology had on global markets.

Technology is endogenous in the new growth theory, which holds that technology is a function of the capital and labor used to develop technology, the technology used in that process, and the economic environment. For the purpose of this paper, technology refers to the methods and tools that are used to generate with new ideas and more efficient ways of producing goods and services.

Ideas and technical innovations are crucial to the economy. If a country wants to grow, it must create an environment that encourages entrepreneurs and innovators to generate new ideas. Creating an economic environment that promotes…… [Read More]

Bibliography

Boneuve, K. (2001). Driving Innovation Through Software. The Software & Information Industry Association.

Clement, Douglas. (September, 2002). Creation Myths. The Region.

Farrell, Christopher. (1994). Economists for an Expanding Universe. McGraw-Hill Companies Inc.

Juma, C. 1989. The Gene Hunters: Biotechnology and the Scramble for Seeds. Princeton: Princeton University Press.
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How Government Influence Sunnydale

Words: 1204 Length: 2 Pages Document Type: Paper #: 25998272

Role of Government in Healthcare/How Government Influence Sunnydale

Similarities between Monopoly, Perfect Competition and Oligopoly

Importance of Government Involvement with Health Care Entities at the Local, State, and Federal Levels

Structure, Conduct, and Performance Paradigm As It Relates o Health Care

Implications of the Sherman Antitrust Act on Sunnydale Care

Overview of the Structure and Operation of Medicare and Medicaid

Services hat Each Cover

Coverage Establishment

Funding Differences

Benefits and challenges of government involvement at Sunnydale Care

Similarities between Monopoly, Perfect Competition and Oligopoly

Monopoly and perfect competition

Both perfect competition firms and monopolies face similar production and cost factors. Both also are in the business of maximizing profit. Both have the potential of earning super-profits but in the long-term they would only achieve normal profits (Boundless, 2015).

Perfect Competition and Oligopoly

In both these is more than one firm in the market competing with the others and no single…… [Read More]

Tang N.I., Eisenberg J.M., & Meyer, G.S. (2004). The roles of government in improving health care quality and safety. National Center for Biotechnology Information. USA: U.S. National Library of Medicine. Retrieved on 23rd September, 2015 from  http://www.ncbi.nlm.nih.gov/pubmed/14738036 

U.S. Advisory Commission on Intergovernmental Relations. (1994). Local Government Responsibilities in Health Care. U.S. Washington: Advisory Commission on Intergovernmental Relations.

West Group. (2015). Anti-Trust Law Web Page. The New York Technology. Retrieved on 23rd September, 2015 from  http://googleweblight.com/?lite_url=http://iris.nyit.edu/~shartman/mba0101/manufacture.doc
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Drug Abuse Economically Alcohol Consumption Causes Injuries

Words: 1265 Length: 4 Pages Document Type: Essay Paper #: 10008471

Drug Abuse Economically

Alcohol consumption causes injuries, deaths and other problems in the society. In order to reduce the problem economists must understand it, and know the economic burden or effects it causes. Economists approach the problem using costs and further put it in real numbers. Economists use assumptions to simplify their work, and focus on what that really matters. They make rational decisions based on reason, and encourage them to act using that reason and not based on facts. They think at the margin while isolating variables; thus the notion that economists can be said to act rationally based on in their own interest.

Economic Approach

Different factors should be considered when looking at alcohol consumption. Economists should use statistics to know the rate of alcohol consumption, and the increasing alcohol consumption rates. Many people tend to believe alcohol myths, which are unrealistic and misleading. Believing and acting on…… [Read More]

References

Korgen, K.W., White, J.M. And White, S.K. (2008). Sociologists In Action. Atlanta: Pine Forge Press.

Lipsey, R.H. And Harbury, C. (1992). First Principles of Economics. New York: Oxford.

Managerial Economics. FK Publications.
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Economics Total Revenue Represents All the Company

Words: 1456 Length: 5 Pages Document Type: Essay Paper #: 34082090

Economics

Total revenue represents all the company income. Total revenue is calculated by multiplying the price of products with the quantity sold. Typically, total revenue is calculated as follows:

Total revenue = price x quantity

Where price (P) and quantity (Q).

Total revenue=PxQ

As being revealed in Table 1, total revenue is calculated by multiplying price with quantity, when firm produces 2 quantities of goods, firm's total revenue is $10, however, when a firm produces 3 quantities of goods, its total revenue is $15.

Marginal revenue is an additional revenue that a firm generates when a firm sells additional unit of output. The marginal revenue plays an important role in the perfectly competitive firm where a perfectly competitive firm maximizes its profit when marginal revenue is equal to marginal cost. The formula used to calculate marginal revenue is:

Marginal revenue= Change in total revenue/Change quantity.

The average revenue is calculated…… [Read More]

References

Aderton, (1977).Economics. Pearson Education

Sloman, A and Sutcliffe, M (2004). Economics for Business. Prentice Hall.
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Factors That Prevent Perfectly Competitive Markets in the United States

Words: 1199 Length: 4 Pages Document Type: Term Paper Paper #: 28597310

Prevent Competitive Markets in the United States

The United States follows a system of "free market economy" in which most businesses are privately owned and where individual producers and consumers determine the kinds of goods and services produced as well as the prices of such products. Competition is a key factor in market economies as it keeps the prices of products in check, forces the competitors to enhance the efficiency of their production process, and drives the inefficient producers out of the market. However, "perfectly competitive market" is largely a theoretical economic concept which does not exist in any country and most countries, including the U.S., follow a system of mixed economy. In such 'mixed economies,' there are several factors which prevent the existence of a perfectly competitive market and the U.S. is no exception to this rule. In this paper, we shall discuss some of the factors that work…… [Read More]

Bibliography www.questia.com/PM.qst?a=o&d=77421267

Karier, Thomas. Beyond Competition: The Economics of Mergers and Monopoly Power. Armonk, NY M.E. Sharpe, 1993.

United States (Economy)" Article in Encyclopedia Encarta. CD-ROM Version, 2003

Such markets are known as 'oligopolies.'

As long as it is not created specifically to monopolize commerce in interstate trade
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Health Care the Government Should Provide Health

Words: 1789 Length: 4 Pages Document Type: Essay Paper #: 38625612

Health Care

The government should provide health care, because the economic characteristics of health care make it ripe for abuse in a market environment. Government should provide as a service to its population those goods that, for one reason or another, are open for abuse in a normal market economy. Normally, the main condition is natural monopoly, which makes the case for government involvement in commodities like electricity, water, or policing. Health care is not a natural monopoly in that there can reasonably be a number of different providers, but it has other characteristics that make it a strong candidate for government intervention.

In even the freest capitalist economies, there are public goods that the government provides. The government provision of certain services is accepted by populations because the alternative -- total anarchy -- results is a severely degraded quality of life. No government services at all is a failed…… [Read More]

Bibliography

Besley and Gouveia write about different modes of health care provision. They discuss in particular some of the cost drivers in the American system, and evaluate some other systems in order to come to some conclusions about what other options exist. They note that insurance is a key issue for a private health care system, and because of this most countries opt for public health care systems, typically with mandatory insurance.

Gupta and Davoodi seek to understand how corruption affects the provision of government services, including health care. Unfortunately, their analysis has significant bias, as they begin with the assumption that government-run programs are inherently corrupt.

Transparency International is an organization that measures the level of government corruption in all the countries of the world. This source was required to examine the claims of Gupta and Davoodi. It was found that in the West there is very little government corruption. While the U.S. has more than most Western nations, it remains a spurious claim on the part of Gupta and Davoodi that corruption is inherent in government programs. Further, the line between corruption (accepting payment in return for favors) and capitalism (accepting payment to provide a service) is not explored.

Lloyd and Sreedhar wrote about Hobbes' moral and political philosophy. Hobbes' seminal discussion about the state of nature is relevant because societies have evolved different forms of governance specifically to avoid the state of nature; an argument that government should not be involved in health care must consider the implications of having such a weak government -- these range from the state of nature to poor health outcomes and quality of life measures.
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Production Costs and Profits Business Is Booming

Words: 1600 Length: 4 Pages Document Type: Essay Paper #: 34303832

Production, Costs, And Profits

Business is booming at a local fast food restaurant. It is contemplating adding a new grill and French fry machine, but the day supervisor suggests simply adding more workers. How should the manager decide which alternative to pursue? What would happen if too much labor is hired without an addition to capital? Explain using economic terms.

It is difficult to answer this question without understanding the current capacity of the restaurant. In order to truly answer this question, one would have to understand if there are already workers dedicated to running the grill and French fry machines in a way that they already operating at or near full capacity. If the answer to that question is no, then increasing production may be a simple matter of increasing the number of employees, so that an employee could be dedicated to running the food preparation equipment, thus maximizing…… [Read More]

References

Baker, S. (2000). Marginal cost and the output rate under competition. Retrieved February 7,

2012 from University of South Carolina website: http://hadm.sph.sc.edu/Courses/Econ/MCost/Mcost.html

Rittenberg Libby and T. Tregarthen. (2009). Chapter 8: Production and Costs. Sections 1-

4 Principles of Microeconomics. FlatworldKnowledge.com. Retrieved December 2, 2011 from:  http://catalog.flatworldknowledge.com/bookhub/reader/21#
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Market Efficient Respect Set Information Impossible Makes Abnormal Profits

Words: 2918 Length: 8 Pages Document Type: Essay Paper #: 63233798

Market Efficient espect Set Information Impossible Makes Abnormal Profits

Market Efficient

In his work, Fama argued that given the massive use of resources by the brokerage firm to conduct studies on trends in the industry, the effects of changes in interest rates on corporate balance sheets and expectations of managers and/or political analysts of the companies should be able to systematically beat a generic portfolio with the same risk characteristics.

Since, according to Fama, professional in every situation, the analyst has a fifty percent chance of beating the market; although its specific capabilities did not exist he would beat a lot of the market. The analyst did "help" the market to be efficient if all the investors, in fact, would hold portfolios composed of stock indices, would open up significant opportunities for professional traders to take advantage of the situation. But the movement of traders to that "new market" would…… [Read More]

References

Arrow, K.J., 1959. 'Toward a theory of price adjustment', in M. Abramovitz (ed.), The Allocation of Economic Resources, and Stanford: Stanford University Press, pp. 41 -- 51.

Aumann, R.J., 1964. "Markets with a Continuum of Traders," Econometrica, Vol. 32, No. 1/2, Jan. - Apr., pp. 39 -- 50.

Clifton, J.A., 1977. "Competition and the evolution of the capitalist mode of production," Cambridge Journal of Economics, vol. 1, no. 2, pp. 137 -- 151.

Frank, R., 2008. Microeconomics and Behavior 7th ed. (McGraw-Hill) ISBN 978-007-126349-8.
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Economics Discussions Production Costs Postal Service USPS

Words: 870 Length: 3 Pages Document Type: Essay Paper #: 65287506

Economics Discussions

Production Costs

Postal Service (USPS) operates at a loss but its closest competitors -- UPS and FedEx -- both operate at a profit. Suggest how fixed costs have contributed to the situation of the USPS. Provide support for your response.

I would suspect that the fixed costs of contributing to employee's retirement funds (Risk Analysis Research Center, 2009, p. 4) and also their restriction from closing local offices (Slentz and McCann, 2009, p. 12) contributes to higher fixed cost at USPS than FedEx because FedEx is not unionized and while UPS is unionized, and thus experiences a fixed cost that is incurred to the level of union contracts, those contracts are more negotiable for UPS than USPS, and nonexistent or fluid for FedEx. Furthermore while union contracts probably affect the rate of closure for physical facilities for UPS, this would probably be more negotiable than for USPS and…… [Read More]

Lemon Law

5. From the e-Activity, compare and contrast the lemon law in two different states and analyze which offers the best protection for the consumer. Suggest what both states could do to improve their laws. Provide support for your response.

The California and Alaska Lemon Laws are largely the same except the California law (State of California Department of Justice 2012) restricts replacement / compensation to vehicles driven under 18,000 miles within the warranty period but the Alaska law (Carlemon.com, n.d.) does not restrict the warranty period by number of miles driven. All states could benefit from a uniform definition of "reasonable attempt" to replace or refund, which depends upon, and thus also entails, a standardization
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Managerial Decision Making and Market Structure

Words: 1532 Length: 5 Pages Document Type: Case Study Paper #: 94174272

Market Structure and Managerial Decision Making

The objective of this paper is to discuss the concept game theory in the competitive market environment where there are two or more firms competing against one another. The paper cites the examples of Nash equilibrium, prisoner dilemma, and dominant strategy. Moreover, the paper discusses the theory of perfect competition, monopoly, monopolistic market and theory of oligopoly. (Bhat, and au, 2008).

Game Theory

The game theory is a type of situation where the rewards or payoff given to any player depends on the action of the other players. The interdependence between two or more firms is referred as a game theory, and the rewards earned by a firm is known as a payoff, and the payoff matrix assists in analyzing the interdependence between firms. A duopoly is an interdependence between two players that may result in a game theory. However, a relationship between two…… [Read More]

Reference

Bhat, M.S., and Rau, A.V. (2008). Managerial Economics and Financial Analysis, Hyderabad, IND BS Publications, ProQuest ebrary. Web. Retrieved April 20, 2016, Chapter 4: Market Structures, pp. 85-107.

Krugman, P. & Wells, R. (2012). Economics and Microeconomics (Third Edition). Worth Publisher.

Mjmfoodie. (2011). Episode 29 Monopolistic Competition [Video File]. Retrieved from  https://www.youtube.com/watch?v=T3F1Vt3IyNc 

Links to Government Regulation of Monopoly
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Marketing in the Simplest Terms

Words: 2039 Length: 7 Pages Document Type: Term Paper Paper #: 77690616

It remains important, however, that the company does not violate any of the prevailing laws with respect to marketing. Laws concerning false advertising and intellectual property (especially trademark) violations must be paid due attention when developing the marketing strategy. At present, BCC seems to be well clear of any laws on these subjects, but they are worth acquiring knowledge of nevertheless.

Conclusion

Bathurst Carbon Cutters cannot reject the idea of marketing outright, for two reasons. The first is that the notion of marketing as destructive is false, especially given that the underlying theory of the business appears to be that convincing more Bathurst residents to utilize bicycles will ultimately benefit the environment. If this is the case, then the business is faced with an ethical dilemma should it proceed, not only because marketing activity is inevitable but because the name of the company conveys to the consumer the idea of…… [Read More]

Works Cited:

Silk, A. (2006). What is marketing? Boston: Harvard Business Press.

Investopedia. (2010). Perfect competition. Investopedia. Retrieved October 6, 2010 from  http://www.investopedia.com/terms/p/perfectcompetition.asp 

QuickMBA. (2007). The marketing mix. QuickMBA.com. Retrieved October 6, 2010 from  http://www.quickmba.com/marketing/mix/ 

No author. (2010). A brief history of marketing. Bournemouth University. Retrieved October 6, 2010 from  http://media3.bmth.ac.uk/marketing/02defining/01history.html
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Standard of Conduct and Standard

Words: 3809 Length: 14 Pages Document Type: Term Paper Paper #: 8746740



A lot of critical information on the duty of care and its itinerant duties is located on every Secretary of State website in each state's corporation statute regarding the duties of care and loyalty.

ut the discussion until now has dealt (in a lot of practical matters) with large corporations. In a small corporation, the directors, officers, and shareholders may all be the same.

In larger corporations with a larger oard of Directors, it may not be possible for all directors to participate in certain oard decisions. In that case, the oard of Directors may appoint an Executive Committee to handle certain matters.

The grant of power from the oard to an Executive Committee is included in the ylaws. The grant of power to an Executive Committee can be fairly extensive and can authorize the Committee to act on behalf of the oard and with the authority of the oard.…… [Read More]

Bibliography

Emerald Partners v. Berlin, 787 A.2d 85, 90 (Del. 2001)

Guttman v. Huang, 823 A.2d 492, 502 n.34 (Del. Chapter 2003)

Emerald Partners v. Berlin, 2003 WL 21003437, *39 n.133 (Del. Ch.)

Orman v. Cullman, 794 A.2d 5, 14 (Del. Chapter 2002)
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Economic Effects of the Sharing Economy

Words: 1345 Length: 4 Pages Document Type: Essay Paper #: 24336250

Sharing Economy

Deadweight Loss

When it comes to the environment impact of humans on the planet, overconsumption is not necessarily the issue; it is overproduction. Overproduction creates a situation where there is more supply than there is demand. Thus, some supply in the marketplace goes unused. This is an inefficient use of resources, or a deadweight loss to society (Investopedia, 2015). There are a number of different reasons why deadweight loss arises. The sharing economy has emerged as a response to deadweight loss that derives from overproduction.

Overproduction occurs in many industries, largely because companies are competing for customers. Demand fluctuates, and companies will typically have more production capacity than they need, in order to be able to meet the peaks in demand and therefore not lose business. Overproduction is therefore inherent in any market economy. But overproduction creates deadweight loss. A market that has a high degree of flexibility…… [Read More]

References

Chernikoff, L. (2010). Inside the world of off-price retail: We go behind the scenes at Marshalls and TJ Maxx HQ. Fashionista. Retrieved May 17, 2015 from  http://fashionista.com/2010/08/inside-the-world-of-off-price-retail-we-go-behind-the-scenes-at-marshalls-and-t-j-maxx-hq 

Frizzell, S. (2014). A historical argument against Uber: Taxi regulations are there for a reason. Time. Retrieved May 17, 2015 from  http://time.com/3592035/uber-taxi-history/ 

Investopedia (2015). Deadweight loss. Investopedia. Retrieved May 17,2015 from  http://www.investopedia.com/terms/d/deadweightloss.asp 

Surowiecki, J. (2013). AirBnB's New York problem. The New Yorker. Retrieved May 17, 2015 from  http://www.newyorker.com/business/currency/airbnbs-new-york-problem
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Exchange Value Reflects the Value

Words: 1089 Length: 3 Pages Document Type: Essay Paper #: 28901164

Investment is an injection because money enters the economy that was previous not in the economy. Leakages and investments balance each other when the rate of return on investment compels sufficient investment. Thus, the interest rate determines the equilibrium point between savings and investment. Both households are more sensitive to changes in the real interest rate. A declining real interest rate will allow households to increase demand as their cost of borrowing decreases. For businesses, the real interest rate is less important because it impacts both the cost of borrowing and the expected rate of return on investment.

6. If there is increased labor supply, the following changes occur to the macroeconomic model for general equilibrium. This will allow more products to be produced, which but it should also decrease the cost of labor. Thus, the cost of producing goods will be decreased. The cost of capital should decrease in…… [Read More]

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Simulation at the Beginning of the Simulation

Words: 1001 Length: 3 Pages Document Type: Essay Paper #: 45582809

Simulation

At the beginning of the simulation, the Neutron was a unique product in the computer world. The company could view itself as a differentiated player in the competition PC market, or it could view itself as having a monopoly on the new product. To enjoy the full benefits of monopoly pricing, there needs to be inherent demand for the product. The Neutron, however, is new. Increasing the price moves the product up the demand curve. A higher price also signals to the market that the product is unique and valuable.

At the outset, with a new product and no competitors, there are two reasonable strategies. The first is penetration pricing, which would seek to maximize demand. This does not, however, maximize profit. The finance department may not approve of this strategy because it does not offer the best return to the shareholders. Likewise, the marketing department does not want…… [Read More]

References:

Quick MBA (2010). Porter's five forces. Retrieved October 18, 2011 from  http://www.quickmba.com/strategy/porter.shtml 

Quick MBA (2010). Porter's generic strategies. Retrieved October 18, 2011 from  http://www.quickmba.com/strategy/generic.shtml 

Quick MBA. (2010). The product life cycle. Retrieved October 18, 2011 from  http://www.quickmba.com/marketing/product/lifecycle/
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Economic Basics - Terms and Concepts

Words: 1971 Length: 5 Pages Document Type: Research Paper Paper #: 14856368

Firm, Labor Markets, and Imperfect Information

Economics

Perfect Competition and Monopolistic Competition

A perfectly competitive market does not have barriers to entry or exit and is characterized by many producers and many consumers, all of whom are price takers -- a term that means the suppliers and the buyers cannot effect the price as they do not have market power ("Competitive Markets," 2014). Monopolistic competitive markets are do have some barriers to entry and exit. Consumers can find substitutes for all of the goods in a competitive market, whereas high product differentiation is seen in a monopolistic competitive market ("Competitive Markets," 2014). Indeed, one of the reasons that a firm can achieve a monopoly for a product is that the business has been successful in its efforts to differentiate a product, as perceived by its customers. The ability of a business to make profits in the long-run is referred to…… [Read More]

References

Blanding, M. (2014, August 11). The business of behavioral economics. HBS Working Knowledge. Cambridge, MA: Harvard Business Review. Retreived from  http://www.forbes.com/sites/hbsworkingknowledge/2014/08/11/the-business-of-behavioral-economics/ 

Cardon, J.H., and Hendel, I. (2001). Asymmetric information in health insurance: evidence from the National Medical Expenditure Survey. Rand Journal of Economics, 32 (3), 408 -- 427. JSTOR 2696362. Retreived from  http://www.jstor.org/discover/10.1086/262111?uid=3739920&uid=2&uid=4&uid=3739256&sid=21105862412373 

Chiappori, P.A., and Salanie, B. (2000). Testing for asymmetric information in insurance markets. Journal of Political Economy, 108(1), 56 -- 78. doi:10.1086/262111. Retrieved from
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Oligopoly Market Are That There

Words: 300 Length: 1 Pages Document Type: Research Proposal Paper #: 84904290



In perfect competition, only normal profits are made in the long run and monopolistic competition trends towards a relatively equal distribution of income (Hartzenberg, 2005). This relationship implies that the further the market is from perfect competition, the further the distribution of income will be from equal. An oligopoly, therefore, will not deliver equal distribution of income.

In perfect competition, distribution of income is equal because all factors of production are earning their opportunity costs. An oligopoly sees adjustments to barriers to entry and exit, as well as a constriction of information. This reduces buyer power. If buyers have a lower degree of pricing power, the seller will take more of the income. Income distribution, therefore, is tilted in favor of the firms in the oligopoly.

orks Cited:

Sakai, Y. & Yamato, T. (1989). Oligopoly, information and welfare. Journal of Economics. Vol. 49, 1, 3-24.

Hartzenberg, T. (2005). Economics:…… [Read More]

Works Cited:

Sakai, Y. & Yamato, T. (1989). Oligopoly, information and welfare. Journal of Economics. Vol. 49, 1, 3-24.

Hartzenberg, T. (2005). Economics: Fresh perspectives. Cape Town: Pearson/Prentice Hall.
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Schumpeter The Transition From Capitalism

Words: 3250 Length: 11 Pages Document Type: Term Paper Paper #: 68094652

" (Raines and Leather, 2007) This goal was achievable through wealth acquisition derived from "monopoly profits from successful innovations."(Raines and Leather, 2007) Schumpeter held that the ability of these businessmen is that which determines how far they will rise "because in that schema rising to a position and doing well in it is one and the same thing." (1950: as cited in Raines and Leather, 2007) Schumpeter also discussed the 'human element' in the political democratic decision-making in his work "Capitalism, Socialism and Democracy" and in one section which he entitled 'Human Nature in Politics' he stressed that the mindset of capitalism was one of rationalism and held a view of individual rationality as "consumers and in political activities as being quite limited." (Raines and Leathers, 2007) Schumpeter rejected the "idea of the human personality that is a homogeneous unit and the idea of the definite will that is the…… [Read More]

Bibliography

Henrekson, Magnus and Jakobsson, Ulf (2003) Where Schumpeter was nearly Right - the Swedish Model and Capitalism, Socialism and Democracy 3 May 2001. Journal of Evolutionary Economics Vol. 11 No. 3, 2001.

Raines, J. Patrick and Leathers, Charles G. (2007) Behavioral Influences of Bureaucratic Organizations and the Schumpeterian Hypothesis Controversy. Online available at  http://www.aabss.org/journal2000/f07Raines.jmm.html 

Schumpeter, Joseph a. (1934). The Theory of Economic Development. Cambridge: Harvard University Press (1911).

Schumpeter, Joseph a. (1928). "The Instability of Capitalism," Economic Journal, September: 361-386.
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Future Market Condition Analysis

Words: 1159 Length: 4 Pages Document Type: Term Paper Paper #: 14426156

Dell Computer Future Market Condition: Outlook & Analysis

Market structure

At present, the current structure of the PC market is a market structure closer to one of perfect competition, with a very buyer rather than seller friendly focus. Many buyers and sellers and a high level of price volatility characterize the PC industry. However, no market is a textbook definition of any market structure. Although there are many products in the PC industry, they are not all exactly similar in nature and with many substitutes, and there are higher barriers to industry entry than in other competitive market structures -- thus this state of perfect competition is somewhat limited. (Investopedia, 2005) But overall, Forbes Magazine has said the PC market growth will moderate in 2005 due to a lack of significant new product introductions in a too-competitive marketplace. ("Market Share," 2005)

Impact of New Competitors

No new competitor has quite…… [Read More]

Works Cited

Bean, Michael. (2005) "Anatomy of A Price War." Forio. Retrieved 6 March 2005 at  http://www.forio.com/pricing20010912.htm 

'Dell Is Named in Lawsuit Over Financing." (Mar 4, 2005) Forbes. Retrieved 7 March 2005 at  http://www.forbes.com/associatedpress/feeds/ap/2005/03/04/ap1863170.html 

Investopedia. (2005) "Economics Basics: Monopolies, Oligopolies, and Perfect Competition." Investopedia.com. Retrieved 6 March 2005 at  http://www.investopedia.com/university/economics/economics6.asp  'Market News," (15 Jan 2005) Forbes. Retrieved 7 March 2005 at  http://www.forbes.com/markets/company_news.jhtml?ticker=DELL
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Pencil Manufacturing and Marketing

Words: 4802 Length: 15 Pages Document Type: Term Paper Paper #: 58149087

Pencil Manufacturing and Marketing

Production and Marketing of Pencils

Quality-Based Marketing

Promotion

Niche Marketing

Profit and Loss

Principle of Profit

Factors of Production

Business Environment

Economic Conditions Affecting the Business

The Equilibrium Point or Market Price

Competition within the Free Market

Benefits and Limitation of Free Market

International Marketing

Import and Export of Pencils

Strategies for eaching Global Market

Managing Business Ethically and esponsibly

Social esponsibility

Business Ownership

Advantages

Disadvantages

easons for Business Ownership

Web-based Business

Management Skills

Staffing

Leadership

Controlling

Customer Satisfaction

Development of the Industry

Departmentalization

Cross-Functional Semi-Managed Teams

Networking

Competitive market

Manufacturing Process

Techniques to Improve Manufacturing

Computer-Oriented Manufacturing

Flexible Manufacturing

Lean Manufacturing

Operation Management Planning

Facility of Location

Purchasing

Motivation of Employees

Training the Employees

Management Training

Compensating Employees

Objectives of Compensation and Appraisal

Determining Human esource Needs

Determining Threats to the Industry

Conclusion

eferences

Abstract

This paper discusses the complete process of manufacturing of a…… [Read More]

References

Coper, L. (2010, July 1). Marketing Week. Five Strategies for a Successful Market Brand.

Dube, L. (1998). The copying Pencil. Composition, History, Conservation and Implications.

Francis, M. (2007, January 20). Changing Minds. Effective Management.

Ingram, D. (2009). Small Business. The Difference Between Process and Product Layout Manufacturing.
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Big Business George Stigler the

Words: 1218 Length: 4 Pages Document Type: Term Paper Paper #: 51583737

S. manufactures lost a considerable share of the market to foreign manufacturers.

George Stigler developed the economic theory of regulation in the late 1960s, arguing that, instead of regulation being imposed on industries in genuine democratic efforts to protect consumers, big businesses seek out government regulation in an effort to gain monopoly or cartel powers they cannot obtain by market methods (Edwards, 2002). Historically, big businesses have been responsible for creating most government regulatory agencies that will benefits their interests (artlett, 2002). Regulation helps erect barriers to entry for smaller businesses because it serves as an overhead cost that big businesses can more easily absorb than smaller businesses with less revenue. For example, the Federal Communications Commission makes it difficult to get into the radio, television, or telecommunications business and the Food and Drug Administration limits the pharmaceutical industry to a few big businesses that can afford the prohibitive cost…… [Read More]

Bibliography

Alden, L. Competition and market power.  http://www.econoclass.com/imperfectcompetition.html 

Bartlett, B. (2002, March 27). The Enron template. Natioal Review.  http://www.nationalreview.com/nrof_bartlett/bartlett032702.asp 

Corporations in the United Stats. U.S. Department of State.  http://economics.about.com/od/smallbigbusiness/a/corporations.htm 

Edwards, J.R. (2002, March). Do big corporations control America? The Freeman: Ideas on Liberty. Vol 52, No. 3.  http://www.fee.org/publications/the-freeman/article.asp?aid=4061
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Pigou's Contributions to Microeconomics Although

Words: 2113 Length: 8 Pages Document Type: Term Paper Paper #: 48441605



Expectations, according to Pigou, could be actual concerns regarding real factors, but could also themselves be a source of fluctuations independent from any other factors (Collard 1983). Pigou also believed that 'psychological causes' had the potential of persisting to the point that the system would be unable to attain equilibrium, and expectations may therefore be formed that address genuine uncertainties (Collard 1983). Forecasting errors, according to Pigou, were deserving of attention, due to their addictive and multiplicative effects (Collard 1983). Pigou believed that eliminating errors resulting from expectations, such as optimism or pessimism, could reduce industrial fluctuations by approximately 50% (Collard 1983). It is noted by Collard (1983) that Pigou's assessment of the effects that expectation has on the economy are more thorough than anything similar put forth by Marshall.

The opposition Pigou had against Keynes later developed into the formulation of the Pigou effect or real balance effect, which…… [Read More]

Reference

Aslanbeigui, Nahid. 1996. The cost controversy: Pigovian economics in disequilibrium. The European Journal of the History of Economic Thought 3(2): 275-95.

Aslanbeigui, Nahid. 1997. Rethinking Pigou's misogyny. Eastern Economic Journal 23(3): 301-313.

Collard, David. 1983. Pigou on expectations and the cycle. The Economic Journal 93: 411-14.

Ledebur, Larry. 1960. The problem of social cost. The American Journal of Economics and Sociology 89: 874-88.
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Deere Cost Management

Words: 636 Length: 2 Pages Document Type: Case Study Paper #: 93673839

Deere Cost Management
1. What happens to procurement and its relationship with the supply based when the need for budgeted cost management interferes with communication, relationships, and other outside market pressures?
The procurement and its relationship with the supply based when the need for budgeted cost management interferes with communication, relationships, and other outside market pressures. This state of affairs develops a competitive advantage owing to the strategic discerning to make procurement and supply base. The communication evades being financial damage as a result of the precise procedures between procurement and supply base. The relationships generate trust and other market pressures generate culpability between procurement and supply base efficiently and efficaciously. This state of affairs strengthens the company’s market share in the business setting with massive success (Fredendall and Hill, 2016).
2. How does market competition influence your ability to sell for a price that allows you to cover costs…… [Read More]