The Perfect Mate

Monopolistic competition is a type of imperfect competition, under this a large number of sellers offer heterogeneous products (different products but has close substitutes) for sale to buyers. The term monopolistic competition was coined by Prof. Edward H. Chamberlin of Harvard University in 1933 in his book, Theory of Monopolistic Competition. Monopolistic competition is currently the most realistic situation that exists in the market. Monopolistic competition can be defined as a competitive…

and Sainsbury. Fixed Broadband service in the UK is also taken control by 4 suppliers . They are BT (32%), Sky (22%), Virgin Media (20%) and TalkTalk (14%). Perfect competitive market: Perfect…

Leopold, Jr. and Richard Albert Lobe. They wanted to prove that they were smart enough to get away with murder. They said it would be the perfect crime and went on to perform the crime for the thrill of it, “To kidnap a child would be an act of daring—and no one, Loeb proclaimed, would ever know who had accomplished it.” (Baatz 1). It was indeed not the “perfect crime” they imagined. On May 21, 1924, they kidnaped Bobby Franks a fourteen-year-old boy, bludgeoned him to death in a rental car, and…

1. Why are most construction companies small in size? Based on the explanation given in previous lectures of COSC 620 course. The size of construction companies is based on the theory of ‘Economies of Scale’. The concept of ‘Economies of Scale’ is originated from microeconomics, which states that there are more advantages for organizations/enterprises to run at a larger scale to minimize the impact of risk and spread out overheads/cost overruns. For example a smaller company handling less…

The diversification of services and the specialization of players in certain lines of insurance alleviate rivalry to an extent. For instance, State Farm, Allstate, Liberty Mutual and Berkshire Hathaway are only engaged in non-life insurance, following different underwriting business models, while large insurers, MetLife, Prudential and New York Life Insurance operate in then life-insurance segment. However, most of the players present similar business models and offer similar services which…

In order to know and understand the term monopoly and whether or not Microsoft was ever considered or still considered a monopoly. One must first define and understand what a monopoly is. According to Bennett, (2016), monopoly is “a market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute”. Microsoft is an organization that was accused of being a…

revolutionized the way people purchase electronics and customer’s buying power has been increasing since this represent a major threat for the industry retailers. Buyers are price sensitive and demand high quality products. Today, customers have access to perfect information through out the online tools about price availability from different competitors in the industry and low switching costs. Retailers have launched different marketing strategies to remain competitive by implementing price…

“Monsanto’s Harvest of fear” Analysis Monopolizing on a certain product is a business practice that has been used for decades. While this practice is extremely beneficial to those who succeed in doing it, it is simultaneously harmful to every other business owner, usually smaller franchises, in the same line of work. While the one large business continues to profit, the smaller business owners usually go out of business or, if they’re lucky, loses an extremely large percentage of their sales.…

clouds and birds flew through the air, chirping a happy song. It was the perfect weather for a perfect day. I sat on a worn out, defluffed, maroon couch outside watching my younger sister work with the few customers at her garage sale. Occasionally, she would make me get up and help her with some random chore she needed to get done. I didn’t mind it though. It kept me busy until what I knew would make the day even more perfect. The time had finally come, ten minutes later than I’d expected, but…

childhood innocence and the lack of responsibility can be irresistible. For some, transitioning from the simplicity of youth to the daunting reality of adulthood can be a demanding task. Holden Caufield in The Catcher in the Rye and Seymour Glass in “A Perfect Day for Bananafish” are two such people. As he lives out his secluded lifestyle in New Hampshire, JD Salinger studies the challenges that people take on as their innocence starts to fade. Salinger proves that every individual…