Imperfect competition

Mid-Term Examination – Economics The Rising Numbers of Alfamart and Indomaret in Indonesia’s Retail Industry and the Impacts on Traditional Retail Shops There are several well-known types of market in economic sector, and one of them is Oligopoly Market. Oligopoly Market has a definition as a market structure in which a few large firms are dominating ("Oligopoly," Economics Online, 2016). Oligopoly markets may have a considerable power to fix prices and output – the power is concentrated in the…

Competition “Winning isn’t everything, but wanting to is.(”Vince Lombardi) being competitive can shape a man on his growth.It pushes a person to get better as he face new people each and everyday. People with a rival are best in competitions. They face people who have equal or higher skill levels than them. If people wasn’t for competition some people would me lazy and maybe overweight. If a person wants to get good at something than the best the way to test your skill is to compete and see…

Cyborg Athletes versus Able-bodied athletes In sports there are always rules and regulations to what an athlete can ingest or use. They create these rules and regulations so competitors don 't have a physical or psychological advantage over their competition. These restrictions usually pertain to illegal drugs and substances that would give that athlete a boost in their performance. Prosthetics and technological enhancements should be considered as a restriction, considering it is an…

nationally-ranked competitive trap shooter and a shooting ambassador. I have begun to work with my shooting club to understand the working of a sporting clay and trap club, how competitions are organized and the preparation and work needed before, during and after the shoot and how the club runs these events. My competitions have enabled me to travel to several different states to compete. Competing in different states has allowed to me…

cable television subscribers are left with: is it the local governments and their captive theory of involvement, is it the FCC and DOJ for not strictly enforcing regulations and allowing too many mergers to skate through, or is it the lack of real competition caused by the monopoly of the industry? The real dilemma and question to answer is where does it go from here, and how does one of life’s simple pastimes of TV viewing be made more affordable for all…

Mount Sinai is a successful hospital that is able to deliver high quality services. The organization derives strength in services through their large physician network and their medical school that complements the hospital. Innovation and excellent processes are factors that produce a successful environment for Mount Sinai. However, the hospital system is not flawless and there are some weaknesses in their business operations. Though they maintain excellent processes and use certain…

PESTLE Analysis PESTLE Analysis is a analysis of the external factors of a company, which plays a significant part of company’s new project. Managers identify the risk factors by using this method before taking any steps for the company. There are six factors associated with PESTLE, namely Political, Economical, Social, Technological, Legal and Environmental. Unalike SWOT analysis, this focus on the external macro environmental factors that would cause any negative effect on the business now or…

Rivalry among competing firms: The competing companies against Luck Industries is Vulcan Material and Marietta Materials. Vulcan Material is the number supplier of Stone. The risk of the rivalry companies is high because if price is what matters to the consumer the other larger companies can always lower price which would make it more difficult for Luck to compete. Luck industries always cares about it’s employees first along with it’s customers which make their products more expensive. Luck…

Recommendations Theory 1 Theory that has been used in this situation is maximizing profit. The concept of the theory is to increase the profit of the company to maximum level. The company always gives priority to profit and least bother about other issues. The unethical practice that this company is practicing is preparing unhealthy fast food.Generally, fast food is not healthy to consume. Every age group will be suffering as the consequences of eating fried chicken.…

i. Cost Leadership-Low Cost; Involves projecting a company as the cheapest source for a good or service to offer to a wide range of customers. Costs are minimized and the savings are then passed on to customers. Celcom • Does this by pushing for a culture that inculcates high productivity and accountability. The company has reduced the number of layers in its organizational hierarchy from the teens to just 6, and in the process, allowing for faster and transparent decision-making. With the…