1 Reasons for inefficiency in monopolies 1.1 Monopolies and pricing A monopoly prices its products where marginal costs meet marginal revenues to maximise profits. Due to the fact that this price is higher than the market price in perfect competition‚ many consumers are not able or willing to buy at the higher price. This deadweight loss is an allocative inefficiency. Figure 1: Pricing in monopolies and perfect competition The consumer surplus in perfect competition is 1+2+4‚ and
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problems. Diverse workforce can however be seen as something positive that may bring positive impact to an organisation despite of all the challenges that the management as well as the employees may have to deal with. In this essay‚ I will focus on age - the aspect of diversity often been avoided‚ the organisational behaviour challenges that are created and lastly‚ knowledge and skills managers have to develop. Generations are sectioned into the Traditionalists (born 1900-1945)‚ the Baby Boomers
Free Generation X Generation Y Generation
2012 Combat of Passion and Reason Wandile Sihle Nzimakwe 211546206 PHIL203: Ways of Reasoning Wandile Sihle Nzimakwe: 211546206 2012 Combat of Passion and Reason Wandile Sihle Nzimakwe 211546206 PHIL203: Ways of Reasoning Introduction The view that reason is the superior principle and it causes an action is a fallacy. Having said this‚ Reason alone can never cause action. What really causes an action is a Passion to act according to what you desire to do. Reason however can be a passion’s
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The Driving Age Should the driving age be raised to the age of 18? My answer is no‚ because there is not that great of a difference in maturity between the age of 16 and the age of 18. I got my permit and began driving at the age of 15. By doing so I had almost a year of driving experience‚ with a parent‚ by the time I turned 16. I got my drivers license when I turned 16‚ and my parents bought me my first car. In my own opinion I believe I am a pretty decent driver. I have never been in a wreck
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3.5. Towards a Global Presence 1. The Gilded Age The term “The Gilded Age” → title of a satire written by Mark Twain together with Charles Dudley Warner in 1873 on the materialism‚ opportunism‚ corruption‚ and uncontrolled speculation which characterized the era. There was a new dominant speculative economy. Derogative term: gilded (as opposed to “golden”) → glitter is only a surface based on corruption and that covers an empty core. Unprecedented economic growth and technological and industrial
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imperialism are religious‚ economic‚ and political. I believe that the most important motive for british imperialism was economy. The british hungered for more land and more money‚ they even attacked natives for resources. The covered their main reasons with lies. Religion‚ that doesn’t mean anything to them they spread and conquered like a plague. They killed‚ stole‚ and conquered. All that they cared about was money and power. The british attacked the people of India‚ Africa‚ and China‚ the british
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Nevertheless‚ the South wanted to revert to their traditional ways pre-civil war‚ and was a massive component in the failing of Reconstruction‚ however Northern disconcern is also at fault for the ruins of reconstruction. The South was a significant reason for the downfall of the reconstruction mostly due to the horrors inflicted by the Ku Klux Klan. The KKK generated havoc in the South in a variety of ways one which was by targeting black officials‚ and by also attacking people of power in Southern
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president to ever die. One of President Kennedy’s biggest achievements was a historic embrace of the civil rights movement is what I really liked. The reason why I think John F Kennedy and Johnny have Kennedy’s assassination is interesting and important to me is because‚ it was such a fatality and brutal way of being assassinated. Also‚ The reason why I chose JFK is because he cares about people during his time as a congressman and later as the US president JFK donated all the salary to charity.
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Port Regulation of Davao This petition for review with prayer for a writ of preliminary injunction and/or restraining order filed by petitioners‚ Philippine Ports Authority ("PPA" for brevity)‚ Port Manager Bienvenido Basco and the Port District Manager‚ Ernesto Fernando of Davao City‚ challenges the jurisdiction of the Regional Trial Court of Davao City‚ Branch 17‚ in a case involving the legality of port charges imposed by the PPA on the respondent Terminal Facilities and Services Corporation
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in the Western Hemisphere. The document was written and supported by the secretary-of-state John Quincy Adams. He was soon to be the next president of the United States of America after Monroe’s term. The doctrine was distributed in 1823. The main reason the Monroe Doctrine was written was for the territory of the western hemisphere not to be taken by the European countries. The doctrine was
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