The Perfect Mate

Competition is considered to be the chief component of the free market system. However, market can be manipulated when some businesses try to gain more market power than the others, this could distort competition and could also reduce economic efficiency. Hence, the presence of an effective competition and merger policy is vital to protect consumer interest, innovation of new product and technology and strong economic growth. “The necessity for competition policy was already recognised by Adam…

The article “Pushing the Limits” informs readers about the worries of America’s antitrust regulators, regarding the planned merges of an increasing number of big companies. Dow Chemical and DUPoint, for example, America’s biggest and oldest chemical firms are now interested in merging their companies to create one 130 billion dollar giant. These two firms are examples of oligopolists in their market. The reason why politicians and antitrust regulators want to stop oligopolists like these from…

Mankiw, competitive market is “a market with many buyers and sellers trading identical products so that each buyer and seller is a price taker.” The structure of a market can be different depending on the features of competition within the firm. The perfect…

“Parenting gone wrong” is a phrase used to describe a child’s bad behaviour when he or she does something unexpected. Many call this phrase harsh because one can never control children. If children behave in a certain way later on in life it can’t be blamed on their upbringing, but does it really have nothing to do with bad parenting when a child feels abandoned and feels that they have been forced to do something they never wanted to? The story “Next term, we’ll mash you”, which is written by…

tying as much as possible to avoid risks of injuries and even death. the secret about the heights of the skiing half pipes is that half pipes are too big or too scary for most people and only four to five of the half pipes in the world are actually perfect with straight, vertical walls and dangerous sharp conner.…

Monopolies are generally considered to be a disadvantage. However, in some circumstances monopolies can have many advantages for consumer’s social welfare. Having a monopoly means being the only seller, leaving you with no competition. In a monopoly the seller controls the prices of the particular product and or service; they also make the prices. Some of the few advantages of a monopoly are that monopoly avoids duplication and waste of resources, due to the fact monopolies make a lot of…

Microsoft, an enormous company which produce hardware and software, operates around the world, and very few companies can compete with Microsoft’s technology due to barriers to entry and its extensive customer and developer base in the market. This situation is called the monopoly. Monopoly is “a term used to refer single supplier in a market. For regulation, monopoly power exists when a single firm controls 25% or more of a particular market.” In this kind of market, a seller is called as price…

services. The market structure has a great influence on the behaviour of individuals firms in the market and will affect how firm price their product in the history. They are four basic market structures which are perfect competition, monopolistic competition, monopoly and oligopoly. In a perfect competition market structure several firm are present who all produce identical products…

The principle of competitive exclusion, also known as Gause’s principle, tells us that it is impossible for any two organisms to occupy the same niche without one of them going extinct (Hardin 1960; Gause 1934). This principle is easy to see in frugivores, grainivores, and carnivores that use discrete food packets, such as an insect or seed (Hanley 1982). MacArthur (1958) clearly demonstrated that each species is uniquely adapted to their niche and their competitive advantage prevents niche…

A Few Firms: Oligopoly is a market structure where there are only few firms, or a few large firms controlling a big size of its output. 2. Firms are mutually Dependent: The most important feature of oligopoly is that firms are mutually dependent in decision making which means that firms consider the market conditions carefully. The firms carefully consider the actions one firm and its effects on the competitor and how its competitors are likely to react. This makes the firms mutually dependent…