Monopoly Market Structure, is a market structure that is characterized by a single seller, which means selling an exclusive product in the market. In a monopoly market, the seller faces no competition, which means he is the only seller of goods with no close substitute. Oligopoly is the market structure that contains a few firms producing a large share of the industry's output. As in the case of monopoly, reduced competition can result in increased price and reduced production relative to perfectly or monopolistically competitive market structures. Barriers to entry into the Market is the existence of high start-up costs or other obstacles that prevent new competitors from easily entering an industry or area of business. Barriers to entry benefit existing companies already operating in an industry because they protect an established company's revenues and profits from being shaped away by new competitors. Natural Monopoly a type of monopoly that exists as a result of the high fixed or start-up costs of operating a business in a particular industry. Because it is economically sensible to have certain natural monopolies, governments often control those in operation, guaranteeing that consumers get a good deal. In economics, a government monopoly is a form of coercive monopoly in which a government agency or government corporation is the sole provider of a particular good or service and competition is prohibited by law. Economists record demand on a demand schedule and plot it on a graph as a demand curve that is usually downward sloping. The downward slope reflects the negative or inverse relationship between price and quantity demanded: as price decreases, quantity demanded increases. Economies of Scale a proportionate saving in costs gained by an increased level of production. Price Fixing the maintaining of prices at a certain level by agreement between competing sellers. Collusion Improper secret agreement between two or more entities, to defraud or deprive others of their property or rightful share, or to otherwise indulge in a forbidden, illegal,…
Personal Finance BUE-101 December 2012
Review Questions, Chapter 1
1a. As for the single parent of two school-aged children who is currently unemployed the most important financial goals would be to obtain appropriate career training, seek employment, and create a flexible budget to follow. They should also reduce their debt level and have an emergency savings fund. Some specific financial activities…
Virginia and New England cultures in contrast
-New England- families, relative peace with natives, no interaction with natives, religion centered, minimal disease/pollution, no food shortages after 1st winter, high mortality rates, low immigration rates.
-Virginia-single men, war with natives, high native population, secular, water pollution, food shortages, low mortality, high immigration rate
New England education
-puritans began school age 3 or 4
30 August 2013
Art in Different Cultures
The Oxford Dictionary defines art as subjects primarily concerned with the processes and products of human creativity and social life, such as languages, literature, and history. Art is very important to all cultures and has developed over time. People have used art for centuries to express themselves in many different ways whether it is through paintings, drawing, music, dancing or clothing. Southern France, Asmar…
8 December 2014
Good vs. Bad
Being proposed with the question of what is good writing and what is bad writing threw me off guard. This question could be answered in many different ways, some simpler than others. Writing has little to do with skill, but more with perseverance and the person that it comes from. Simply put, good writers keep going while bad writers seem to quit at the sign of a road block.
There is no real definition of what good writing…
Geography 101 Midterm 1
The site is the actual location of a settlement on the earth and is composed of the physical characteristics of the landscape. Things like climate, vegetation type, water availability, soil quality. For example, NYC is located where it is because when people arrived from Europe, there was an abundance of fresh water.
The location of a place relative to its surroundings and other place. Factors included in an area's situation include the accessibility of…
This paper is being submitted on May1 2, 2015, for Carlissa Crawford Intro Human Resource Management course.
Coaching an employee is for the improvement of employee performance. Coaching requires a day to day interaction between supervisor and employee. Coaching could be to congratulate employee or to help them correct something that they need improvement on. Coaching are not to bring the correct way of doing things. “One of…
Writing Tips 101
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Alt energy: pros and cons
Earthquakes (building safety)
Comparison of alternative energies
Rooftop solar panels
BP oil spill- environmental effects
Freshwater usage and conservation
Japan earthquake & tsunami- env effects
China's air pollution- problems & solutions
Solar energy- env effects and its future
Hurricane Katrina- env effects
Biofuel vs. alt energies for…
Environmental Science 101
11 December 2014
“The ecological footprint s a measure of human demand on the Earth’s ecosystems.” The ecological footprint began in 1990 by Mathis Wackernagel and William Rees, and is now used by different individuals all over the world. My impact on the environment, the impact society makes together, and the changes I need to make are all dependent on choices we choose to make in our own life.
When finishing the…
Ethical Lens Inventory Reflection
My Ethical Lens Inventory told me that my personal preferred lens is the rights-responsibility and results lens. I balance reasoning skills with my intuition to determine how to fulfill my duties while achieving the greatest good for each individual. This is all shown through my line of work. As a direct care giver you have to do what is best for the client. My core values are autonomy and rationality/sensibility meaning my primary concern…
Today's article is discussing how for the first time since President Obama took office, a significant majority of Americans think that the economy is going on the right direction. 52% of people surveyed in a new CNN/ORC poll describe the U.S. economy as very or somewhat good, while 48% say it's as very or somewhat poor.
The author describe Americans as they are the most optimistic since before the Great Recession. He adds, it's good news for the White House and…