Monopolies can be national (royal mail)‚ regional (water companies) or local (petrol station). Unlike a perfect competition situation were firms are ’price takers ’ and only respond to consumer demand‚ a monopoly finds itself in an imperfect competition market. In this type of market the firm is more of a ’price maker ’ and can therefore influence the market price. When comparing monopoly and perfect competition under the same conditions‚ we can find that the monopolist when in equilibrium produces
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Do you agree with Christopher that people rely on intuition (their gut instincts) too much? Consider yourself: recall a time when you had to make an important decision. Did you use mostly logic or reason to make the decision‚ or did you rely more on intuition? What was the result of your choice? In the end‚ were you happy with the way things turned out‚ or do you feel that you should have approached the decision differently (using more logic or perhaps trusting your instincts more). Write a
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their work”. To what extent do you agree with this? The ‘true value’ of a relationship can be interpreted in various ways‚ the idea of a positive romantic love and trust are aspects associated directly with this notion. Yet in some ways the true value of a relationship can be more in line with realism and imperfections‚ which both F. Scott Fitzgerald and Carol Ann Duffy explore. In ‘The Great Gatsby’ F. Scott Fitzgerald presents an illustration of the American dream and with this theme the idea of
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In Frankenstein also known as The Modern Prometheus‚ the protagonist‚ Victor Frankenstein‚ to an extent is a tragic hero. This is because it follows some of the many common traits of a typical Aristotelian tragic hero. These include how the Frankenstein is lead to his downfall due to his excessive pride. Other points include how Frankenstein‚ the hero discovered his fate by his own actions and also how he saw and understood his demise‚ and that his fate was because of his own actions. The last point
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What You Can Do to Control Ebola Ebola is now talked about across the globe. The fever and severe internal bleeding that are due to the disease are not only fatal‚ but there is also no complete or known cure at this time. Also‚ the disease is highly contagious as Ebola has not become contained‚ so this continues to alarm people around the world. Yet at a more personal level‚ the urgency of learning what to do about the control of Ebola and how to not become infected are all key to staying safe
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Do you agree with the modernisation theorists’ assumption that development involves a process of modernisation? Modernisation theory is an understanding and explanation of the process of transformation from the traditional or so called “underdeveloped” societies to modern societies. From reading the theorists work surrounding the topic of modernisation it is believed that modernisation is the process change towards those types of social‚ economic and political systems that have been developed in
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Wei-Hsiang Wang What do you think art is? In my opinion‚ the major purpose of art is to influence someone. Some of the most common types of art in public are paintings‚ photos‚ and sculptures. When I go to the library‚ I would see photos of intellectual people‚ such as Gandhi‚ and Albert Einstein. These photos on the wall can greatly influence my mood and efficiency on studying. When I go to a hospital‚ I would see paintings and pictures that show life. Most of these paintings would have the
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“The play ‘Twelfth Night’ delights in chaos and confusion” To what extent do you agree with this statement? The plotline in many of Shakespeare’s comedies are often considered complicated and confusing. The plots of these plays usually follow a general structure where a comedy contains five acts and where the climax of the play is found in the third. This is where where a big event in the play is carried out to mark this event. This confusion is usually resolved in the last act‚ followed by the
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Discuss to What Extent Psychology Can Be Considered a Science. According to Merriam Webster (2008)‚ science is a‚ “knowledge or a system of knowledge covering general laws especially as obtained and tested through scientific method”‚ with scientific method in five steps being‚ “observation/research‚ hypothesis‚ prediction‚ experimentation and conclusion.” (sciencemadesimple.com‚ 2006). With this to consider‚ is psychology a science and if so‚ to what extent. It would be fair to say that psychology
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Explain what is meant by “The Population Bomb” and to what extent do you agree that this bomb has been diffused. “Population will inevitably and completely outstrip whatever small increases in food supplies we make. The death rate will increase until at least 100-200 million people per year will be starving to death during the next ten years.”- Paul Ehrlich‚ Stanford University biologist The population bomb theory was made popular by Paul Ehrlich’s 1968 book “The Population Bomb”‚ Ehrlich posited
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