A cartel is a formal (explicit) "agreement" among competing firms. It is a formal organization of producers and manufacturers that agree to fix prices‚ marketing‚ and production.[1] Cartels usually occur in an oligopolistic industry‚ where the number of sellers is small (usually because barriers to entry‚ most notably startup costs‚ are high) and the products being traded are usually homogeneous. Cartel members may agree on such matters as price fixing‚ total industry output‚ market shares‚ allocation
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Alan S. Blinder. (2005) Economic Principles and Policy: Thomson South-Western Fiona Carmichael. (2005) A Guide to Game Theory: Pearson Education Andrew F. Daughety. (1988) Cournot Oligopoly: Cambridge University Press Peter Z. Grossman. (2004) How Cartels Endure and How they fail: Edward Elgar Publishing
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marijuana was first looked down upon. After the Mexican Revolution the United States started seeing an increase of Mexicans immigrating into the United States. These new immigrants brought along with them their native language‚ culture and marijuana. Part of the Mexican culture was to use marijuana as a medicine and a relaxant. The media began to play on the fears that the public had about these new citizens by falsely spreading claims about the “disruptive Mexicans” with their dangerous native behaviors
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Violence in Juarez Many people ask themselves over the world‚ how many lives have been destroyed in Juarez innocently. They can not imagine how the people of Juarez‚ including myself have seen death pass by our eyes or have suffered a loss of a family member killed; knowing many who had a simple robbery may kill a person in a horrible way. Juarez is a city that it is uncontrolled‚ and neither the politicians nor the president can not deal with the violence. If the city follows this violence might
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Mexican migration into the US Migration from Mexico to USA started in the early 40’s‚ where Mexican nationals where temporarily allowed to work primarily in the agricultural industry. Then as the years went on more Mexicans migrated to the USA to work on farms and other low skilled jobs. During this time there had been boarder controls set up due to the masses of people trying to get into the USA illegally and Immigration services‚ which deported 3.8 million Mexicans in 1953. The Push factors
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that set the situation‚ tone or theme just like in a play‚ then telling a story‚ and ending with a farewell or good bye (adios). The Mexican corrido may have appeared as a separate style in the early 19th century and reached a peak of admiration or height during the Mexican Revolution which lasted from 1910 through 1920. The revolution broke out between the Mexican government with backing of the elite land owners who did not want to distribute land to lower class and rural peasants. The government
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The Mexican‚ written during the Mexican Revolution is a short story written by Jack London in 1911. The story centers on Felipe Rivera‚ a boy no more than eighteen‚ who quiet‚ self-sacrificing and a loner. He was very dark‚ mysterious and his eyes appeared snakelike and venomous. He was not impressive to the people he encountered and members of the Junta suspected him of being a spy and working for the secret service of Diaz. He consistently showed loyalty and generosity‚ and the members of the
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DRUGS Drug is any substance which is medicinal‚ intoxicating‚ enhancing performances or sometimes life threatening when taken orally or by directly injecting into the body. These drugs are not considered as foods. War on drug is a common term applied to the prevention of illegal drugs by using military aid and military intercession in co-operation with the countries with an aim to reduce and prohibit the use of these drugs. Drugs are like pesticides sprayed on the field which has some benefits
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population is Catholic‚ making Mexico the second-largest Catholic country in the world behind Brazil. The Mexican culture is a strong believer in “La Virgen de Guadalupe” or the Virgin Mary. According to tradition‚ the Virgin appeared to a Nahua man named Juan Diego in December 1531 on Tepeyac Hill‚ north of Mexico City. To this day her appearance is commemorated on December 12 each year. The Mexican culture often prays to the Virgin Mary for help or
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There are a number of factors that sustaining a cartel. Firstly‚ if there are few firms involved‚ it is easy to monitor each other in terms of quantity and price setting. It is easy to detect because it is observable if one firm’s Market share has risen‚ especially where there are a larger number of firms involved. Secondly‚ a cartel is more stable in markets where price and quantity are easy to observe. If a Market has frequent change in demand‚ input costs and other factors‚ then the price
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