Chapter 5: Cartels (Collusion) Why Cartels Form Cartels are formed to increase individual profit for the firm. This is accomplished by using the monopoly strategy of decreasing output and increasing price. However‚ there is a free rider problem that can be overcome with a cartel. Any individual firm can decrease output independently in an oligopoly and see prices and profits increase for all firms in the industry – with the larger gains going to the firms that did not change their output.
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Sustainable Low- Income Housing The most successful‚ long term‚ low-income housing projects are those that use sustainable design and address the social‚ cultural‚ and economic needs of residents. Traditionally built low-income housing projects are associated with high crime rates and high mortality rates among the residents who live in them. They do not provide for the needs of residents‚ resulting in many of the problems these low-income housing projects face today. These problems range from endangerment
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INCOME INEQUALITY IN THE UNITED STATES OF AMERICA Still to date‚ the problem of income inequality is an issue of a great importance for million of African-Americans and others who struggle to improve their quality of life. It must be known by now‚ that economic injustice has had a devastating impact on black communities all across America. Issues such as inequality and racial discrimination in education‚ the social environment‚ and economics have gone on for too long‚ and it has been engraved
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as the story of Bill Gates and how his success came about from founding Microsoft through hard work and dedication. We also see and hear stories about the poor‚ however‚ these stories are presented in a much less sensationalized tone when compared to stories of successful entrepreneurs. The general public tend to think that poor people are generally poor because they are lazy and unwilling to work. This is based around the idea of income inequality‚ where Americans believe that the more effort someone
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Book Report The Little Prince The Little Prince was written by Antoine De Saint-Exupery and first published in 1943. The world has come to know this particular writing as a children’s fable. Judging by its cover‚ one could easily be mistaken by making the assumption that it is merely a children’s book and nothing more. This book actually has more in it than meets the eye. Throughout the book the author uses symbolism to get his messages across to the adult reader. With
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The Little Prince The novel The Little Prince is a fictional novel written by Antoine de Saint-Exupery. In the story the author contrasts the two different worlds of adults and children. In the first chapter‚ the speaker makes a sharp contrast between the ways in which grown-ups and children view the world. He shows grown-ups as unimaginative‚ superficial‚ dull‚ and stubbornly sure that their restricted perspective is the only one. He illustrates children‚ on the other hand‚ as open-minded‚ imaginative
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The author of Little Crow: Spokesman for the Sioux‚ Gary Clayton Anderson‚ is a professor of history at the University of Oklahoma. He is also the author Kinsmen of Another Kind: Dakota-White Relations in the Upper Mississippi Valley‚ 1650-1862‚ The Conquest of Texas: Ethnic Cleansing in the Promised Land‚ 1830-1875 and The Indian Southwest 1580-1830: Ethnogenesis and Cultural Reinvention. Other publications include Sitting Bull and the Paradox of Lakota Nationhood and he teaches U.S. Survey and
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very short 1973 story The Ones Who Walk Away from Omelas. It just a few pages she asks us to conceive of a utopia‚ a place where everyone enjoys happiness‚ the lovely place. But for reasons unspecified‚ the happiness of all others depends on the suffering of a small child confined in the dark‚ unloved‚ malnourished and dirty with its own feces. And everyone knows‚ and comes to accept. Except for a few who‚ against all the reason‚ think of the child and decide to walk away from Omelas into the unknown;
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Ursula Lee Guin wrote a short story called The Ones Who Walk Away From Omelas. This story is mentally overwhelming. It is considered a thought experiment to cause the reader to contemplate what is ethical. Moral principles differ from person to person‚ and society to society. This story takes what you think you believe is ethical and challenges it. Is it noble to make one child suffer for the sake of an entire towns happiness and wellbeing? To start the story‚ Guin tells the reader to imagine this
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You-Risk-It Fund (Fund Y) yields 14% interest. The Extra-Dull Fund (Fund X) yields 6% interest. Because of college financial-aid implications‚ you don’t think you can afford to earn more than $4‚500 in interest income this year. How much should you put in each fund? The problem here comes from the fact that I’m splitting that $50‚000 in principal into two smaller amounts: |I |P |r |t | |Fund X |? |? |0.06 |1 | |Fund Y |? |? |0.14 |1 | |total |4‚500 |50‚000 |--- |--- | |* The amount in
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