Monopolies good or bad Essay

A monopoly is a single company that owns all or nearly all of the markets for a type of product or service. A monopoly is at the opposite end of the market structure. It is where there is no competition for goods or services and a company can freely charge a price or prevent market competition. Monopolies have three built in assumptions, one seller, no substitutes or competition, and extremely high barriers to entry. Examples of monopolies are public utilities and US Postal Service. So what are the social characteristics of monopolies? They act as the single supplier. The organization can gain complete control over the market by becoming the sole provider of a good or service. The lack of competition leaves a company with greater control over the quality of production. It also gives the company the ability to pump up prices without the fear of being challenge by other companies. This forces the customer to either buy from the monopoly or go without. A monopoly has access to specialized information. By doing this, the company maintains complete control over the market. This information may give the company the benefit of special production practices. The specialized information may also come in the form of legal tips regarding trademarks, copyrights and patents. Taking control over this special information gives the company an edge while leaving all of its competitors at a disadvantage. A monopoly has a unique product. The organization gains control over the market by offering a product or service that is unlike any other. The product or service does not have a substitution. The company may use specialized information such as legal patents, copyrights and trademarks in order to establish legal authority over the production of certain goods and services. So over all are monopolies good for the economy? Since monopolies are the only provider, they can set pretty much any price they choose. They can do this, regardless of the demand, because they know the consumer has no choice. Not only can monopolies raise prices, they can also supply inferior products. Monopolies are also bad for an economy because the manufacturer has no incentive to innovate, and provide new and improved products. Another reason monopolies are bad is that they can create inflation. Since they can set any price they want, they will raise costs to consumers. To answer the questions are monopolies bad for the economy the answer is yes. They are not good for the consumer or economy that is why they are so limited here in the US. Usage Examples Login or Register to see usage examples. Recommended Articles from InvestorGuide. com Short Selling Understanding the True Cost of Credit Cards Buying and Selling Bonds Treasury Bonds IRAs And The Economy Investing Tips Reasoning by Analogy I’d say most of the ideas that have made money for the portfolio have been the result of some form of reasoning by analogy. One example: Applying well-understood U. S. investment ideas to markets out †¦ Read more Related Videos.

Marketing Strategy of Pepsi and Coca Cola Essay

Marketing Strategy of Pepsi and Coca Cola - Essay Example For the product itself, flavours are very alike to Coca-Colas. Pepsi have also broadened their product line to include other flavours and brands for example, Mountain Dew and also many different sizes, just as their competitor, to gain a greater segment of the market. In this paper we will study the marketing strategy, strengths, weaknesses, opportunities, threats and the future outlook of both the companies and their product. In order to have a full insight into the theme of the marketing strategies we will analyze the two well known brands separately The "Coca-Cola" trademark was registered for the first time in 1893, although it was seven years earlier that pharmacist Dr John Styth created a fragrant caramel-coloured syrup that went on sale as a soda fountain drink in Atlanta, Georgia. Large-scale bottling began in 1894, after the rights to bottle and sell Coca-Cola across most of the US were sold for just US$1. In 1923, Fanta became the first soft drink other than Coca-Cola to be marketed by the company, and in the same year The Coca-Cola Company extended into fruit juices and concentrates with the acquisition of the Minute Maid Corporation, which added frozen citrus concentrates and other drinks, along with the brands Minute Maid and Hi-C to its growing portfolio. Further reclassifications took place over the 2001-2002 period. ... While North America and Latin America remained largely unchanged during this restructuring, with Puerto Rico moving from the latter to the former, the Middle East division was added to Europe and Eurasia, which then changed its name to Europe, Eurasia & Middle East. Simultaneously, Africa and Middle East, less the reclassified Middle East division, reverted to Africa. Furthermore, during the first quarter of 2001, Asia Pacific was renamed Asia, and during the first quarter of 2002, Egypt was reclassified from Europe, Eurasia and Middle East to Africa. The Coca-Cola Company also signed a number of bottling agreements in 2001. In the Philippines, the company acquired Australian-based bottler Coca-Cola Amatil Ltd's 35% interest in Coca-Cola Bottlers Philippines Inc. Later in the year, in a joint venture with San Miguel, The Coca-Cola Company acquired the Filipino soft drinks maker Cosmos Bottling Corp. However, the competition in the US bottled water market intensified in the following years and the joint venture failed to live up to expectations in terms of sales. In April 2005 The Coca-Cola Company acquired Danone's stake in CCDA, taking over full control of its US water joint venture. In another venture outside cola-based carbonates in 2002, The Coca-Cola Company announced an agreement with Diageo and Pernod Ricard to acquire the Seagram's Mixers business, located primarily in the US and Mexico. In addition, The Coca-Cola Company also agreed to a long-term global licensing deal with the French company that adds Seagram's well-known brand of mixers, including Ginger Ale, Tonic, Club Soda and Seltzer, to The Coca-Cola Company's growing portfolio of non-alcoholic beverages. The early years of the new millennium have also witnessed

Does the implementation of the PI program improve the performance of Research Paper

Does the implementation of the PI program improve the performance of Reseda High school students - Research Paper Example te the research such as the curriculum of the schools that are chosen in the research and the control variables which are issues that can be controlled by the researcher such as the program improvement and types of students who are sampled during the research. The variables play a large role in the research and thus it should be noted that the researcher should do their best not to influence them in a way that the end results are affected (Lopez, 2008). The study of whether implementation of the PI program will help improve the performance of public schools is an issue that needs to be determined clearly in order for the government to decide on if they should introduce the program to more schools or if the designers need to go back to rethink in a bid to work out the kinks if any before spreading to other schools in the country (Kate, 2010). 2. Research Design and its Justification The research design that is used in this study is also another important issue that needs to be determi ned in order to ensure that accurate results are achieved at the end of the research. The research design refers to the method that the researcher chooses to carry out his study in terms of attaining the answer to the question that has been posed. The method chosen has to be applicable to the particular study and should suit the environment in which it is used. This implies that the method undertaken should not be forced into action but should fit seamlessly into the activities that are involved which include the collection of the data required and its analysis in the final stage of the study to determine the results. Choosing the wrong research design may add unneeded complications for the researcher during the study and in the worst case scenario even result in inaccurate results... Does the implementation of the PI program improve the performance of Reseda High school students? The performance of public schools has become a reason for concern as the results of children who attend these schools have shown little advancement over the years. There are a number of reasons that have been given for this trend with the most popular being the transfer of the brighter children in the public school systems to private institutions once their high IQ is discovered. The method chosen has to be applicable to the particular study and should suit the environment in which it is used. This implies that the method undertaken should not be forced into action but should fit seamlessly into the activities that are involved which include the collection of the data required and its analysis in the final stage of the study to determine the results. Choosing the wrong research design may add unneeded complications for the researcher during the study and in the worst case scenario even result in inaccurate results. There are a number of advantages that the use of Quasi-Experimental Designs brings to the table of the study; some of these include factors such as they are easier to put up than true experimental designs which simplify the procedure for the researcher. These designs also reduce the risks to external validations as they are held in natural environments, which also allows for generalizations on certain topics to be made about the population that is being studied.

Levis Advertising Analysis Research Paper Example | Topics and Well Written Essays - 750 words

Levis Advertising Analysis - Research Paper Example The advertisement illustrates a young buyer, with a less-dapper appearance, engaging in environmental connection by crawling through mountainous grasslands, clearly enjoying the experience with natural lifestyle. Using Levi’s Jeans as the appropriate clothing for this type of activity, it illustrates how the brand attempts to connect to naturalism, spontaneity, and in some degree rejection of urban lifestyle. Levi’s is working as the catalyst product to help youths who are either frustrated with urbanism and the fast-paced lifestyle of large city living or to remind consumers that Levi’s is the most appropriate brand for natural living because of its rich history during a historical period of development in the nation. Levi’s relies heavily on its brand equity for its very long history of product achievements and brand preference, which is illustrated by the type of consumer that most largely uses Levi’s products. People who are in their 20s and early 30s are experiencing what psychologists refer to as a quarter-life crisis, growing more frustrated with mundane and mediocre lifestyles (Macrae 1). Levi’s understands its buyer market preferences, those who get proverbially lost in the shadows of society in large urban environments with high populations and extremely diverse lifestyles associated with music, entertainment and outward socialization. Thus, Levi’s attempts to illustrate that it can serve as a motivator for individuals who want to break free from this mundane living and reconnect with their individualism, traditionalism, and natural preferences.

What were the historical origins of the Second Amendments protection Research Paper

What were the historical origins of the Second Amendments protection to keep and bear arms - Research Paper Example The British with their oppressive activities also reinforced Americans’ belief and support for the right to bear arms. The right to keep and bear arms was strengthened by arguments which argued that it was a necessity for the security of the nation; with arms in the hands of civilians, the nations is protected from oppressive acts of the government, and the nation has an advantage of having soldiers everywhere. Below is a full description of the right’s historical origin. The origin of the right to keep and bear arms is justified by the experiences of the early American people. When the early colonists immigrated to America, they brought guns which they used in their daily lives. They used muskets and short guns to hunt. They also used the guns to fight the Native Americans. When Europeans came to America, they were at first warmly welcomed by the Native Americans who helped them through tough times and shared their food. This relationship did not last long when more Europeans migrated to America. They took away Native American’s land, drove them away, and destroyed their natural way of life. This led to wars between the Native Americans and the colonists therefore, colonists had to carry guns as a safety measure. This conflict and the formation of a larger community led to new developments. The colonists found it necessary to arm every man in the community so that an attack at any time, would find them prepared. The colonies at the time also had slaves and the region was characterised by slave rebellion. Because of this, laws were developed that required Americans to carry guns in case slave rebellion occured. The leaders wanted to make use of everyone who could fight to maintain order in the society. Because of this culture, keeping guns was the right thing to do. People, therefore, had the right to keep and bear arms (Jackson 28). Additionally, during these times, there were no police. Having arms was a way of maintaining security within

Steroids in sports Essay Example | Topics and Well Written Essays - 1250 words

Steroids in sports - Essay Example We have witnessed suspension of different players due to the reason that they were involved in taking steroids for enhancing their performance. The steroids are unhealthy for the body and can affect the human body in several ways, and this is the main reason why its usage is unethical. Steroids are illegal and banned in countries for different reasons, but it is still imported and produced illegally. Steroids are harmful for its users and it can badly affect their health. Regular use of steroids can also become a reason of liver cancer and can cause death of the patient (Murray, 1-25). Everyone loves sport, and people want to see ethical game. Mostly youngsters consider players as their role models and ideals, and when they see players taking steroids or drugs to improve their performance, it negatively affects them. The players usually take steroids in two different forms, either in the form of pills or in the form of injections. The physicians should take proper care before prescribing any drug or steroid to their patients. It can badly affect or harm their health. As use of steroid in countries, physicians should make sure that they avoid prescribing any such drugs to their patients at any cost. Steroids damage the skin of the users and internally damage the organs of the human being. It gives strength, muscles, and excessive power for the time being, after that, the players feels worse. These steroids also have side effects, and its users can die because of it. Players should consult doctors only for their fitness and health issues, and should strongly be against any drugs or steroids that can harm their health. Physician and doctors should take blood tests of their patients, so that even if the players are involved in taking steroids, they should stop them and take measures for preventing its usage. The use of steroids is an

Astronomy - Black Holes Research Paper Example | Topics and Well Written Essays - 1000 words

Astronomy - Black Holes - Research Paper Example A black hole is a section in the space-time that traps everything passing across the area because of its exceptionally strong gravity force (Raine, & Thomas, 1). It is significant to note that light is also absorbed by the gravity. It is proven and established that an adequately compact mass is capable of distorting space-time to create a black hole. ‘Event horizon’ is a section around the black hole that is mathematically known as a ‘point of no return’. The absorption of light that passes the region resulted to the name ‘black’ hole since there is total darkness at the region. Astronomers are still making expeditions, and have managed to discover the largest black hole referred to as abyssal a yawn that is believed to be 10 times the size of the solar system. The black hole is believed to have absorbed billions of suns existing in the galaxy (Raine, & Thomas, 1). Black holes are created from heavy stars that have a mass of 20 to 25 times compared to the sun. Their gravity overpowers any force that is holding the stars up, making the cores collapse when the heavy stars ‘die’ (Raine, & Thomas, 1). Next, the star collapses exceptionally that is forced to be contained within its Schwarzschild radius, or event horizon, a region where light is absorbed. It is remarkably tiny, and is believed that a black hole fitting a town is probably having a mass of the sun, and the one fitting on a palm of a person has a mass of the earth. At this point, the materials that are enclosed within the Sachwarzschild radius will continue to fall and collapse indefinitely. The collapsing of the materials will reach a point where laws of physics shatter. Finally, ‘super-massive’ black holes are formed differently from the combination of earlier smaller black holes that were formed at earlier stages of the history (Merloni, Nayakshin & Sunyaev , 18). It is believed that small black holes had grown and sucked in gas from their nearby environment (Merloni, Nayakshin