Final Paper 2
Final Paper
It was the year 2007, and the potato chip industry in the Northwest was competitively structured and in long-run completive equilibrium. Firms were earning a normal rate of return and were competing in a monopolistically competitive market structure. In 2008, a couple of lawyers quietly purchased all the firms and began operations as a monopoly called “Wonks.” To operate efficiently, Wonk’s hired a management consulting firm, which estimated a different long run competitive equilibrium. The new company is now run as a monopoly, and this paper shall explain how this benefit’s the stakeholders involved, such as the government, businesses, and consumers. Furthermore, given the transition from a
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Monopolistic competition requires specialized inputs because some product differentiation is compatible with perfect competition, (Carson, 2006). If we think of a good or service as a bundle of attributes, each different product could be a different combination of the same attributes. Perfect competition in the supply of each attribute could then result in perfect competition in the supply of products. Firms would be price takers, even though no two supply exactly the same good or service. It is when each firm imparts a unique attribute to its output one not exactly copied by any other supplier and therefore one which has no perfect substitute that we leave the world of perfect competition, both in attributes and in products. In order to supply an attribute that no competitor is able to provide, either a firm would have to be protected by a barrier that gives it a cost advantage in supplying this attribute, or else the advantage would have to come from possession of at least one indivisible input that is specialized to this attribute, and therefore to the firm's product. Since there are no entry barriers under monopolistic competition, each seller must be the sole possessor of one or more specialized inputs.
Without these product specialized inputs, it is hard to explain why monopolistic rather than perfect competition prevail. Final Paper 4
The Benefits
My first semester as a college freshman is finally coming to an end. This semester has been the start to a new chapter in my life and I am glad to have finally finished my first semester on a high note. Coming into college I never knew what things would be like and how would I adjust. All I knew is that I wanted to succeed and eventually graduate college. The courses I have taken this semester have had big impact on my learning and my future. Assignments that taught skills and lessons to be used in the future. I have learned skills such as being able to collaborate in groups because of projects in ASU 150.
Transformative learning is basically changing the way one thinks, feels, acts, and sees life now, as opposed to the past. It can have a small or huge impact on the way they see different aspects of their life. The four stages of the transformative learning process are: Recognizing a specific problem – this is when one would decide if there is a need for change. They would recognize that there is a problem and specifically what it is. Confronting the problem intensely – They would then avoid apprehension and immediately confront the problem, while remembering to consider all possible solutions.
Current liabilities are defined as: “Debts due to be paid with cash or with goods and services within one year, or within the entity’s operating cycle if the cycle is longer than a year.” (Hongren, Harrison & Oliver, 2012) These liabilities fit into three categories: Current liabilities of known amount; current liabilities that must be estimated; and contingent liabilities. According to the matching principle of accounting, expenses and revenues need to be reported during the same period that they are earned. This can be difficult if the exact amounts are not known. This is the purpose behind estimated and contingent liabilities. In order to provide accurate financial reports companies must record revenues and
This assignment will prepare you for the Final Paper by initiating the research process and helping you map out specific events and developments which you will explore in depth in your paper. Review the instructions for the Final Paper laid out in Week Five of the online course or the Components of Course Evaluation section of the Course Guide before beginning this project. Note, that for the Final Paper you will need to discuss at least six specific events or developments related to your chosen topic
The movie I will write about is the The Purge Anarchy. I would say have more than one genre. I would say that the genres are action, horror and thriller. Action movies are movies that have a tremendous impact, continue high energy and lots of physical activities. Horror movies are unsettling movies designed to frighten and panic, cause dread and alarm, and to invoke our hidden worst fears, often in a terrifying, shocking finale, while captivating and entertaining us at the same time in a cathartic experience. These are types of films known to promote intense excitement, suspense, a high level of anticipation, ultra-heightened expectation, uncertainty, anxiety, and nerve-wracking tension. Thriller and suspense films are
(Refer to the Personal Learning Profile you developed for your Week Two assignment and any feedback provided by your instructor to determine if you need to refine your responses as you complete this section.)
Businesses are not only faced with competition within the industry they operate in. They also face competition from businesses in other industries.
Designing a film is something not everyone can do. It takes a lot of patience and attention to detail to ensure the creators of films make the best possible scenes with zero to minimal mistakes. Every scene needs to be spot on with elements such as setting, lighting, costuming, and temporal elements. When watching a movie for the first time, people don’t normally pay much attention to the small details but when a film is a considered a favorite, people tend to spot small mistakes within films. Let’s take a look on how these artists focuses on making films a detailed and enjoyable.
| technical capability of seller, understanding of work by seller, and business type of seller.
Having taken a combination of English and writing all through my high school career I have come to know myself as a writer, I was able to learn a vast majority of my capabilities and weaknesses. After thoroughly reading the description of all of the writing courses offered at Salem State University I have came to the decision that the writing course that best meets my needs is ENL 110.
The competition among rivals is very high due to price and non-price factors. Companies try to attract customers to their products by introducing
A. Allows a firm to perform similar activities differently than its rivals with resulting lower costs
What is a monopoly? According to Webster's dictionary, a monopoly is "the exclusive control of a commodity or service in a given market.” Such power in the hands of a few is harmful to the public and individuals because it minimizes, if not eliminates normal competition in a given market and creates undesirable price controls. This, in turn, undermines individual enterprise and causes markets to crumble. In this paper, we will present several aspects of monopolies, including unfair competition, price control, and horizontal, vertical, and conglomerate mergers.
The more prospective the competitive advantage the more it becomes hard for it's advantage to be neutralized .
It is now necessary to point out the symmetry that makes it possible to move from the time-sensitive examination of the single-product Natural Monopoly, regulated with AC pricing