1) Explain the terms ‘Monopoly’ and ‘Monopolistic Competition’ (4 marks) Monopoly A monopoly is a market structure in which a single company or individual owns all or nearly all of the market for a given type of product or service with no or close substitute. This would happen in the case that there is a barrier to entry into the industry that allows the single company to operate without competition (for example‚ vast economies of scale‚ barriers to entry‚ or governmental regulation)
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Benefits vs. the risks of rapid sequence intubation in the pre-hospital environment: Rapid sequence intubation is a very risky procedure even in a stable environment‚ but when the unknown variables in the pre-hospital environment are considered‚ this procedure becomes more criticized every time it is used. When initiating the rapid sequence intubation protocol‚ the paramedic takes total control over the patient’s airway by sedating the patient with paralytic drugs and placing a breathing tube into
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Technological change is an increase in the efficiency of a product of a product or process that result in an increase in output. Structural unemployment occurs when a firm is looking for a worker and an unemployed worker is looking for a job‚ but the particular characteristics the firm us looking for do not match up with the characteristics the worker offers. Technological change is one source of structural unemployment. First‚ the impact of technology on employment is that there will be massive
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Industry Structure The industry structure of the computer manufacturing market consists of two predominant devices‚ the desktop computer and the tablet. These markets‚ while the products are similar‚ are dominated by different companies but both are consolidated because a “big 5” set of competitors contribute to a majority of the market share. Tablet Market The tablet market in very consolidated‚ containing only a small number of very powerful firms that are all gaining solid ground as viable
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When embarking on technological change‚ an organisation must take into consideration the implications associated with this endeavour and the negative impact it may have. Let us take the rapid growth of Information Technology (a widespread and relatively recent technological change) as an example. With an increase in the amount of personal data in circulation‚ the need for data protection has also risen. This is best emphasised through the introduction of the Data Protection Act in 1998. Although
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OPEC Oligopoly Chelsea Weber OPEC Oligopoly Organization of Petroleum Exporting Countries (OPEC) has been called many names; monopoly‚ oligopoly‚ cartel‚ or all of the above. Reading further will give information on to why OPEC is an oligopoly. To give you a brief background on OPEC‚ explain to you how OPEC acts like a cartel and of why OPEC is a successful oligopoly and cartel. Is OPEC a successful oligopoly? Some people refer to OPEC as a cartel which is another name for oligopoly. Some people
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Imagine a world where a child goes to school just to be force-fed a curriculum focused on English and Math‚ just so they can pass a state test at the end of the year. That is the world that K-12 public students are forced to face with the Common Core Standards (CCS) initiative. The Common Core Standards is a “set of information and skills that students are expected to master at each grade level” (Greenblatt). The initiative should be revoked or dismissed from the United States public school system
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The term consumer durables refers to all those goods which are hard goods and has a life expectancy of at least 3 years it includes goods which we use for domestic use such as televisions refrigerators air conditioners washing machine etc .With the rise in population and increase in disposable income due to the economic boom the consumer durables market has achieved staggering growth over the recent years. The consumer durables market is one that is dominated by the MNC’s and they contribute to around
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Common Core was adopted by many states in hopes that schools would perform better and be able to compete with the rest of the world. With the new Common Core Standards in place some states are not doing as well as they hoped. In April of 2012 at a public school in Brooklyn‚ a teacher named Trisha Matthew assigned her students to write self-portrait poems. Most of her students compared themselves to LeBron James or a loud piano. One student named Chrispin decided to write about something more meaningful:
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P E W R E V •I E W C E M B E R EVIAL 75 DE 75 109 2001 Technological change and opportunities for development as a moving target Carlota Pérez Honorary Research Fellow‚ SPRU‚ the University of Sussex. Adjunct Senior Research Fellow‚ INTECH‚ United Nations University The Netherlands carperez@reacciun.ve This article puts forward an interpretation of development as a process of accumulation of technological and social capabilities dependent upon taking advantage of successive
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