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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Thomas Thailond Mrs.Love Hilliard Junior English 20 April 15 College Is Really Worth It Now today many people argue as to if college is worth it and everybody has their own opinion on that. Yes‚ college is worth it to a certain extent and it definitely helps people get the jobs they want. But‚ that is only a small portion of why college is worth it in the world today. Look at some of the richest celebs of today and when you do that make sure to check their school history. So yes it’s stressful but
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ELECTORAL COLLEGE : The reason why we use the electoral college in the U.S. is to decide who is going to be the next president. The presidency is not always won by popular vote. The founding fathers opted for an electoral college ‚ because they wanted the president to be chosen by those who were well informed ‚and qualified enough to have the ability to chose a president. The main argument against the electoral college is that the presidency should be won by popular vote alone. It shouldn’t be that
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or Not? What’s the first thing that pops into your head when you think of college? Do you picture library study groups‚ dry endless lectures‚ or maybe a group of young adults tossing paper balls into cups filled with beer. Personally‚ I pictured the latter‚ and that’s exactly what I got. Sadly‚ my priorities were not in order‚ and with only months left in my second semester‚ I became what I despised most — a college dropout. Of course‚ being pretty pleased with myself‚ I did not see this as my
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College has helped many people make money and be successful‚ but is it really worth the cost? Post secondary school is a great way to excel in life and in the workplace‚ but not all people want or need to go to college. Accordingly‚ college is not worth the money because it can stress out post high school graduates‚ it can cause the students’ family to go into debt and it doesn’t help those who are undecided about a career. These reasons may cause people doubt on whether college is worth the money
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Reason is a way of knowing in which we construct meanings together through modifying and improving individual opinions and ideas‚ in order to reach a plausible or logical conclusion. In other words‚ reason is the ability to help people decide what is true and what is not. Most of the time‚ reason is more commonly related to math and science subjects‚ where logic is put into place in order to obtain logical validity and justify claims. Through observations and experiments‚ we can prove‚ within reason
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Petersburg College‚ a community college (now state) nearby my neighborhood. I thought it was too good of an opportunity not to apply‚ and I was accepted into the program for my Senior year along with a few of my friends. Learning in college was a lot different than high school‚ but all of my professors were great at making sure all students understood curriculum and did what
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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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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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