Question 2: Discuss the major barriers to entry into an industry. Explain how each barrier can foster either monopoly or oligopoly. Which barriers‚ if any‚ do you feel give rise to monopoly that is socially justifiable? LO1 The major barriers to entry in an industry are economies of scale‚ legal barriers such as patents & licenses and other strategic or pricing barriers. Economies of scale occur only in large firms who are able to reach a minimum efficiency scale point and operate at that
Premium Monopoly Microeconomics Economics
In Benjamin Franklin’s writing “Rules by Which a Great Empire May be Reduced to a Small One”‚ he attempts‚ without success‚ to convince the king and Parliament of Britain to change their control of policies towards the American Colonies. This publishing did very well to highlight the main issues of America caused by the British Government. Franklin’s writing uses excessive rhetorical devices to portray his patriotic opinion towards the British Crown‚ such as Satire‚ Figurative Language‚ and Diction
Premium Thirteen Colonies Benjamin Franklin British Empire
children) can affect childrenâ€TMs development. They may display frustration‚ aggression‚ anger‚ regression‚ withdrawal and other behavioural problems. If there is a divorce sometimes children may think itâ€TMs their fault that mum and dad are not together any more. They may begin to hate themselves. Physically they may experience a loss in appetite and insomnia. They may not be able to concentrate in school and it may become challenging for them as they may be suddenly expected to become more independent
Premium Psychology Marriage Divorce
Do any selfless people exist? Flannery O’Connor opposes this notion through the utilization of the short-story The Life You Save May Be Your Own. Throughout the plot of O’Connor’s story‚ many instances illustrate the notion that people appear more kind and selfless than they actually are. Author O’Connor utilizes details‚ symbolism‚ and allusion to convince readers that although people may appear kind and selfless; people live extremely selfish lives. To commence‚ writer Flannery O’Connor provides
Premium Marriage Short story
people look for‚ but when it comes to power it changes everything to violence. Humanity is cruel and unique in many different ways to make things change‚ that affects many from time when‚ its need of helping others. In the story “The Life You Safe May Be Your Own”‚ by Flanner O’Conner‚ as the story begins‚ and old woman and her thirty-year-old‚ mentally handicapped daughter‚ are sitting on their porch. Tom Shiftlet‚ a wandering one-armed man‚ becomes known with Lucynell Crater. That night‚ the Lucynell
Premium World Religion English-language films
Article review The article “Global Warming May Spread Diseases”‚ published in the online newspaper “CBSNews” in 2009 [1]‚ argues that climate warming is allowing disease-causing bacteria‚ viruses and fungi to move into new areas where they may harm species including humans. The author believes that pathogens that have been restricted by seasonal temperatures can invade new areas and find new victims as the climate warms and winters grow milder. In my opinion‚ the article is structured in a
Premium Global warming Earth Carbon dioxide
market Gates always tried to monopolize the market. Though all the monopoly has brought him profit but ethically Microsoft didn’t 2. What characteristics of the market for operating systems do you think created the monopoly market that MIcrosoft’s operating system enjoyed? Evaluate the market in terms of utilitarianism‚ rights and justice (your analysis should make use of the textbook’s discussion of the effects of monopoly markets on the utility of participants in the market‚ on the moral rights
Premium Microsoft Operating system Monopoly
Assignment - Monopoly Break-Up Rasmussen College Kristen Cohen Author Note This research is being submitted on December 2‚ 2012 for Julia Walker’s G204/ECO2023 Section 01 Microeconomics - Fall 2012 Monopoly Break-Up Pareto optimal outcome is one such that no-one could be made better off without making someone else worse off. The concept of Pareto optimality occurs in a number of areas of economics. The allocation of resources in an economy is Pareto optimal
Free Economics
‘Discuss the ways in which the government may use Fiscal policy to help the economy grow out of a recession. Reference must be made to some policies that the current government has actually use’ Fiscal policy involves the use of government spending‚ taxation and borrowing to affect the level and growth of aggregate demand‚ output and jobs. Fiscal policy is also used to change the pattern of spending on goods and services. It is also a means by which a redistribution of income & wealth can be
Premium Tax
Gabrielle-Suzanne Barbet de Villeneuve‚ emphasize the different inequalities between men and women. “Girls in Fairyland do not triumph over males; they obey.” (Oliver 86). An envious step-mother‚ a mistreated heroine‚ and a granted wish to go to the ball may not be the only meanings presented in the fairytale of Cinderella. A dangerous message sent to children‚ especially for young girls‚ is to be passive till a rescuer (in this case‚ Cinderella’s mother) to arrive and grant their wishes. Although obedience
Premium