Effect of Market Structures on Business

Effect of Market Structures on Business Market Structure Introduction There are diverse categorizations of markets and the structure of a business which denotes in which categorization it will descend into. Markets are separated as per to the business what it offers to the precise market. Structure of Business is established by the composition of market characteristics, and these aids to establish level and region of competition. The features in a market with the majority concentrated center on the numeral of purchasers and retailers, plane in which a product has a substitute, entry and exit easiness price, and the elevation of common dependence. These constituted variables are categorized in the subsequent market structures: perfectly competitive markets, monopolistically competitive markets, monopolies, and oligopolies (Colander, 2010). This paper is going away to talk about regarding the variety of market structures that will assist the local mayor recognize the structures of the several businesses in the city. Market structures Consecutively to recognize the diverse market structures, every structure requires being defined and discussed. The primary structure to be conversed is about perfect competition. This is a perfect structure that does not actually subsist in the real market, however; is used as a hypothetical model to evaluate additional structures to. Perfect competition is prominent for its elastic demand perfectly curves. Goods Price is like that the firm will simply construct normal profits (zero economic profits) in the extensive run. There is open entry and exit into the market in a market of perfect competition. Instances of a perfectly competitive market would be gas and milk. There might be a lot of suppliers of products, and if one dealer desires to raise their price superior than the price the market establishes, consumers will go away somewhere else to acquire the thing in need. Additional traits could comprise: no barriers of entry and exit, profit maximization, zero costs of transaction , homogeneous products, and ideal factor mobility.Devoid of the restraints of exiting and entering the market fresh businesses will not have an effect on the homogenous product market. At a clearing price of market a firm would be competent to put up for sale as much merchandise as it prefers while creating a profit. This might denote that there is equilibrium of market. With standard revenue superior to average cost the curve of demand will continue to be elastic. A monopolistically competitive market can be described as having a abundant amount of equally manufacturers and customers, customer’s inclinations for buying products is recognized; endurance in this locale consists of the seller endeavoring to differentiate specific products from competitors. A monopolistically competitive market might continue restrictions with entry and exit, the market is fundamentally assorted in nature, and a market of this might direct to the enhancement of non-price competition. Monopolistic Competition elucidates an industry compiled of a huge number of sellers. Each one of these sellers tenders a distinguished product, which is a service or good that has genuine or expected traits that are diverse from those of additional goods or services.[ Amacher (2011)] This is to pronounce that the similar product is being tendered even though it is revealed to be enhanced or better to the competitor products. A big example of this might be gas stations. Althoug h Chevron and Texaco are revealed as having better fuel owing to the cleaning additives owned inside the fuel, Aragon, Shell, and also Costco tender fuels with the similar quantity of detergency at a lesser price. The subsequent market structure is of an oligopoly. Oligopoly is a structure market that manages a product and is controlled by a minute number of firms that operate on one’s behalf. Prices positioned on products by each firm comprised are close up to matching since if one firm endeavors to alter the price, this will source further firms to do the similar thing. A major characteristic of a market structure of oligopolistic in the industry is the mutual dependence of firms. The function that oligopoly participates in the economy is that if the firm slashes prices, then further competing firms will counterpart the reductions of price. If the firm increases its prices of its goods, then further firms will not counterpart the price raise. There are only some different firms in an oligopoly market that powers 90% or of the market. Airline industries are a big instance of this. A number of further instances of this would be companies of cell phone in addition to companies that might form an alliance like the industry of oil. A monopoly comprises of a firm that has the throttlehold on a market. Any firm that has a structure of monopoly will have the majority control over price for its goods. The firms that function in competitive structures will have no power above their prices. Management of Price is when a firm has the capability to direct the products prices. Ownership of Public is not ordinary in monopolies and there are no takers of price. A monopolist makes certain the price for a product or service will certainly add to profits.There is no suitable alternate in this market to the merchandise being offered. Even though one may think that a product may perhaps be sold at any price enviable, which is not the case. Monopolies will in actual fact determine the rate that sells the majority products at an enviable rate. This lets the monopoly to maintain probable competitors out of the ring while making profit above the long-run. One instance of this would be utility company. Although there are no substitutes for customers, the government strides in and offers regulation of price to make certain that rates stay reasonably priced. It is in the paramount interest of the monopoly to stay rational, consequently conservation of the business. The Deutsche Telekom Company in Germany became tremendously avaricious with their phone service. The government strides in and separated the company initially backed by the government into 6 new subsidiary companies. Deutsche Telekom lost their grip on the power of monopoly that they owned. Market structure Real-life example A local market structureof a real-life example is the bakeries in the city. Even though there are 3 bakeries to select from, they all seize alike prices and the products are substitutable crosswise one another. This is an instance of a monopolistic competition. The market can with no trouble be moved in and out of and every firm is contending to sell the similar product as if it is superior or unique to the other. High entry barriers High end barriers renders to the subsistence of elevated start-up costs or additional hindrances that avert fresh competitors from effortlessly entering a region of business or industry. Barriers to entry benefit existing companies previously working in an industry since they guard an instituted companys revenues and profits from being carved away by fresh competitors. (Investopedia, 2013) An instance of this barrier would be a Credit Union. Consecutively to approach into the banking business, there requires being a considerable backing of cash together with the building capital, security systems, a vault, and the capability to contend on the open exchange market. In addition the capital barrier those positions in the means of such a business, there are as well official restrictions inflicted by the government. In additional firms such as in avionics, there are intellectual property and patent laws rights that might position as a high end barrier. Competitive pressures With high barriers of entry a number of the competitive pressures to markets are the capability to lessen the product price so low that a forthcoming firm cannot contend. There might as well be incidences of validity and consents to operate. A lot of monopolies support government officials which in turn aid to guard the firm by rejecting needed lawful documents and permissions to contend in the business. If a firm start-up were to effort to approach into the industry of airline they would not merely have to surmount the several millions of dollars required to sustain the jets, operating costs, and pay roll, however; they would as well require to have admission to terminals and be in conformity with the FAA. If they are not awarded sanction access through the FAA then they will by no means be competent to function and establish contending in the market. If they direct to sever through all of that, then the bigger airlines merely lesser the costs forcing the start-up firm into liquidation. Price elasticity of demand The demand of price elasticity in every market structure and its outcome on pricing the products inside the market’s structure diverge crosswise each market structure. Much or the cause is owing to competition and the proximity of substitutes accessible. For example a monopolistic competition has an demand of elastic against inelastic. This is since there are a lot of competing companies promoting the similar items. Consequently if the demand continues the same, however; one company lessens the rates severely, then that company will sell a great deal additional of its items even as the respite suffer sales. The price shifts crosswise the board in an oligopoly market all the way through the small number of companies that direct the market. All prices vary together comparably a great deal like an airline industry. If a cartel is structured, then the item turn out to be even additional inelastic. This is apparent with OPEC. In spite of whether or not the oil price rises or falls, the fuel demand will continue comparatively the same. A monopoly is as well additional of a structure of inelastic market. This is owing to the lack of competition. On the other hand, if not the firm is selling a total necessity, the price cannot be driven to irrational amounts as profit of long term will crash. There will be an equilibrium initiated that lets the firm to vend the items at a position that will make the most of profit over the continuing of the company. Role of the government The government roles have an effect on each of the market structure’s capability to price products in the course of numerous angels. One such way is the tax that it might place on a product for instance a sin tax. This tax is shoved from the firm to the buyer thus elevating the price of the product. If the item is elastic then the demand above the long-run will reduce. An additional way that the government influences each of the market structures capability to cost items is to inflict regulations on equally the manufacture and cost of an item. Farmers countenance this predicament for items for example wheat and grain. Even as they are proficient to grow far extra bushels a year, the government controls the quantity grown consequently as not to overflow the market out. This assists in regulating the price of goods diagonally the trade markets. Effect of international trade International trade have an effect on every market structure by regulating the quantity of a item that penetrates into one nation from another and with any tariffs initiated unto the item incoming into a country. Limiting the quantity of an item that is permitted into a nation is recognized as a quota. A quota will control or throttle the quantity of the item which is the identical as restricting supply. In view of the fact that supply is lesser the price of demand will raise. This denotes that the customer eventually ends up paying a great deal more for a desired good as it turn out to be additional restricted and desirable. Tariffs are initiated on goods as they flood in and do not control the quantity of an item. A fraction of a tariff will approach back as income for the government. Even though several price increases would ensue to the consumer, the elasticity of the item would not be as rigorous as the supply and demand level would stay constant. [Hubbard, R. OBrien, A. (2010) ] Conclusion In conclusion this paper has dealt with a variety of structures of market that will aid the local mayor recognize the structures of the lot of businesses in the city. The subsequent structures of market were dealt: monopolistic competition, perfect competition, monopoly and oligopoly. For each one of these topic structures of market characteristics were discussed. A real-life market structure in the local city was recognized with relative to the market characteristics. Subsequently, the paper discussed how high entry barriers into a structure of market effected profitability of long-run of the firms. Pressures of Competition that are existent in markets with high barriers to entry were clarified. Then the paper conferred the price elasticity of demand in every market structure and its outcome on pricing of its items in every market. Subsequent to that an explanation of how the function of government affects every market structure’s capability to price its items was offered. In conclusion, the outcome of international trade on every market structure was discussed. References Microeconomics principles and policies. Amacher, R., Pate, J. (2013). San Diego, CA: Bridgepoint Education, Inc. Economics (7th ed.). Colander, D. C. (2008). Retrieved from The University of Phoenix eBook Collection. Differentiating between Market Structures University of Phoenix. (2008). [Multimedia]. Economics (3rd ed.). Hubbard, R. OBrien, A. (2010). Boston, MA: Prentice Hall. Barriers to Entry, (2013), retrieved from Investopedia http://www.investopedia.com/terms/b/barrierstoentry.asp

Movie Review The Lord Of the War Essay

Lord of War almost didn’t make it to the big screen. In fact, it barely even reached the production stage due to its bristly, accusatory subject matter of illegal international arms dealing. Yet despite its Hollywood feel, â€Å"Lord of War† is an excellent introduction to the opaque and oft-ignored activities of the merchants of death, or lords of war. Writer/director Andrew Niccol (The Terminal, Simone, and The Truman Show) insisted upon strictly adhering to true life events that shed an unflattering light on many of the world’s wealthiest nations. Although telling the truth in Lord of War makes for a riveting tale of international intrigue and finger pointing, it wasn’t really a great way to secure funding for a major motion picture. It took the gumption of several foreign investors who were willing to take a chance that the film’s powerful message would resonate with audiences. Count me as one of those moved by the film’s cruel honesty. Still living with his immigrant family in Brighton Beach, Yuri Orlov (Nicolas Cage) has had enough–the family restaurant has no customers, his cook brother Vitaly (Jared Leto) can’t cook and his mother nags his devout Jewish father who is anything but Jewish. So instead of getting sucked into a go-nowhere life, Yuri naturally gets into arms dealing. After selling a local hood an Uzi, Yuri discovers that he might actually have the knack. He recruits his younger brother–more for moral support than business acumen–and begins to soar up the arms dealing food chain, attaining wealth, luxury and an exciting lifestyle along the way. The only thing he lacks is his dream girl–Ava Fontaine (Bridget Moynahan), a Brighton Beach beauty queen-turned-supermodel. But Yuri finally wins her heart, too, by posing as a legitimate businessman with more money than he actually has. Ava senses he’s not legit, but just as long as they have their penthouse overlooking Central Park and a chauffeured limo, she’d rather not know what he does. Meanwhile, Yuri’s interests clash with his chief rival, Simeon Weisz (Ian Holm), an old-school gunrunner, coming to terms with the end of the Cold War. Backed into a corner, Yuri is given a choice between continued competition or none at all, and his decision sends Yuri into a spiral of rapid moral decay despite ever-increasing profits. His greatest struggle through it all has been with himself. In the end, he learns to accept the Golden Rule of arms dealing: Never wage war with anybody, especially yourself. Lord of War shines its cinematic spotlight on the shadowy world of illicit arms trafficking – a global scourge that has claimed millions of lives since the end of the Cold War. According to Yuri in this film, owning guns or bullets is the second most basic human need behind eating. The skeleton is here for a truly revolutionary film that simply ties with the real world of today which ways reveal bold strokes about the amorality of world politics, and how every single one of us has rationalized the wholesale export of violence because it keeps us in comfort. The world is a business – it’s about money, of course, and as long as someone is paying, actions toward fellow man are burdensome, if not irrelevant. There is only the bottom line, and every man, woman, or child who has died on the field of battle has done so in the name of profit, usually of the corporate variety. As we compare to this existing world of today, a lot of business intelligent men chose to profit from human frailty. Lord of War narrates the proceedings by breaking the third wall with a cynical, matter-of-fact voice-over that lays out a gritty, dirty snapshot of a world – the devastating consequences of the worldwide trade in weapons that we don’t want to know exists. Though we’re uncomfortable knowing the truth, seeing how it actually works is absolutely captivating. Nations throughout the world are implicated in wrongdoing, as Niccol’s pointed story pulls no punches. His brutal honesty often hurts. It is, for instance, fascinating and horrifying to learn that the five permanent members of the U.N. Security Council are the world’s biggest arms suppliers, which technically, is correct; and also dares to suggest that death is the biggest business of all.   Most viewers won’t find comfort in accepting the film’s political accusations, and its moral dilemmas will undoubtedly offend many, especially in today’s increasingly volatile world. But good, thought-provoking filmmaking is good for us all. REFERENCE Niccol, A. (Director/Writer/Producer). (2005). Lord of War [Motion picture]. United States: 20th Century Fox -Arclight Films.

With Mental Health Issues On The Rise, It’S No Surprise

With mental health issues on the rise, it’s no surprise that college students would seek help that is free and readily available on campuses. Yet, despite the 9.5% increase of college students, especially in freshmen, not all college campuses make it known that students can seek help for free in the way of support groups or campus counselors (Aikins). Issues such as depression, anxiety, and eating disorders are going untreated in students, leading to students dropping out or turning to self-harm to cope with their emotions. With all of these issues treatable and more common today, it seems colleges would want to endorse the help they can provide. Most college campuses offer counseling, promotion of these resources are typically lacking on†¦show more content†¦More than 45 percent of young adult students quit attending classes or college altogether because they feel as though they are not receiving adequate accommodations, whether professors or counseling services. Whi le not all students seek treatment, the leading reason why is the worry that they will be judged by their peers (Chadron State College). Having programs that promote seeking treatment and make students know it is normal to feel emotionally unstable at times of extreme stress, that it is treatable, and it is positive to seek treatment could benefit students and colleges together. While colleges cannot offer the adequate help all students suffering from a mental health issue, having options for students can make it easier to cope. In another study by the Chadron State College, they reported that suicide is the 3rd leading cause of death on college campuses, as a wide-spread issue increasing. In 2012 it was reported that 7.5% of undergrad college students seriously considered suicide, while 2.3% planned out their suicide, and 1.2% attempted suicide. While some could be the pressure put on students to achieve high grades and complete deadline, as well as pressure from family or educator s, most if the signs of depression have symptoms that are typically missed. Symptoms include isolation, hostility, anger issues that were not present before, hopelessness, drug orShow MoreRelatedIs Obamacare Affordable Healthcare For 6 Million Latinos1663 Words   |  7 Pageshelp for mental health issues amongst their ever growing population (Rodriguez, 2013). Even though Obamacare ensures affordable healthcare for 6 million latinos, it’s still not enough for the hispanic community who are suffering from mental illness to seek help (Rodriguez, 2013). The major fear in the latino community is the fact of being stigmatized when obtaining help from mental institutions and services (Rodriguez, 2013). 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Essay on Racism in The Adventures of Huckleberry Finn

Mark Twain has always been one of the most controversial authors of all time. Though in recent years, there has been increasing controversy over the ideas expressed in his novel, The Adventures of Huckleberry Finn. In some extreme cases the novel has even been banned by public school systems and censored by public libraries. The basis for this censorship is the argument that Mark Twains book is racist, but in reality Twain was against racism and used this book to make people aware of what was going on in the south. He did this by using the regional dialect of the south, showing the attitude of the other characters in the novel toward black people, and showing his depiction of black characters. If one were to read between the lines†¦show more content†¦An example of Hucks dialect is The widow Douglas she took me for her son, and allowed she sivilize me; but it was rough living in the house all the time, considering how dismal regular and descent the widow was in all her ways; and so when I couldnt stand it no longer I lit out (Twain 1). An example of Aunt Pollys mainstream, yet common dialect is Tom, you didnt have to undo your shirt collar where I sewed it, to pump on your head, did you? Unbutton your jacket! (Twain 6). An example of Jims dialect is Yo ole father doan know yit what hes a-gwyne to do. Some times he spec hell go way, nen den agin he spec hell stay (Twain 19). Racial slurs are used throughout the novel The Adventures of Huckleberry Finn. They are not meant to be a representation of the authors attitude, they are meant to accurately depict common language and expressions regarding Black Americans at the time. Such expressions also reveal the attitudes of the time. An example of the use of racial slurs is The nigger run off the very night Huck Finn was killed. So theres a reward out for him -- three hundred dollars (Twain 55). Another use of racial slurs is Has everybody quit thinking the nigger done it? (Twain 56). Perhaps t he strongest example is a quote from the character Injun Joe, He had me horsewhipped! -horsewhipped in front of the jail, like a nigger!Show MoreRelated Racism in the Adventures of Huckleberry Finn Essay765 Words   |  4 Pagespeople, but they all accept and participate in, whether they realize it or not, racism. Almost all of the characters in The Adventures of Huckleberry Finn by Mark Twain seem to have pre-conceived ideas towards blacks, and the author does not seem to have any trouble writing the words of their pre-conceived thoughts or ideas. Mark Twain has an accepting attitude towards racism in his book, The Adventures of Huckleberry Finn. Characters in the story easily accuse the slaves of being wrongdoers or stupidRead MoreEssay on Prejudice and Racism in The Adventures of Huckleberry Finn833 Words   |  4 PagesPrejudice and Racism in The Adventures of Huckleberry Finn      Ã‚   The Adventures of Huckleberry Finn, by Mark Twain, is an excellent example of racism in literature, because it uses language describing African Americans which goes beyond satire.   It treats them as objects and perpetuates stereotypes. It does not expose and deal with racism, as many advocates of its reading claim, but encourages an attitude of superiority that is unnecessary and intolerable. In order to ridRead More Themes of Morality and Racism in Adventures of Huckleberry Finn863 Words   |  4 Pages The Adventures of Huckleberry Finn by Mark Twain is a novel full of racism and hypocrisy of the society that we know. Huck continually faces the many challenges of what to do in tough situations dealing with racism and what the society wants him to do. With the novel being written in the first person point of view gives us insightful information into the challenges the Huck is facing and gives us a look into Huck’s head. Huck uses many different techniques to deal with his problems and he getsRead More Prejudice and Racism in Mark Twains The Adventures of Huckleberry Finn1062 Words   |  5 PagesPrejudice and Racism in Mark Twains The Adventures of Huckleberry Finn    Despite all the criticism, of racism and other questionable material for young readers, Mark Twain’s The Adventure of Huckleberry Finn is a superbly written novel, which in the opinion of this reviewer should not be remove the literary cannon. Twain’s novel is a coming of age story that teaches young people many valuable lessons and to some extend makes students reexamine their own lives and morals. The most common argumentRead MoreRacism in the Novel, Adventures of Huckleberry Finn by Mark Twain630 Words   |  3 Pagesthe writer of one of the most popular books with over 20 million copies sold. The novel, Adventures of Huckleberry Finn. The novel has been read for years, with comes some questions. Is the novel racist? Could it be racist because of Twain’s background which influenced the novel? No, Mark Twain background didn’t influence the book to make it racist. It was the time that Mark Twain lived in that made Huck Finn come of as a racist novel today. The use of the word â€Å"nigger† throughout the book is simplyRead MoreRacism Through the Decades: The Adventures of Huckleberry Finn by Mark Twain647 Words   |  3 PagesThe main messages and themes of The Adventures of Huckleberry Finn are supported by the main symbols of the novel which are the raft, the river, and land. Themes of this novel are racism and equality, freedom, and the importance of friendship. The raft that Huck and Jim spent many days floating on symbolizes equality whereas the raft was the only place that they could speak together as equals despite the colors of their skin. The Mississippi river which Huck and Jim floated down shows how free theyRead MoreRacism Through the Decades: The Adventures of Huckleberry Finn by Mark Twain663 Words   |  3 Pages Since the release of The Adventures of Huckleberry Finn in 1885, the way that different races relate to e ach other (specifically people of European and African descent) has changed astronomically. In some ways it’s improved dramatically, but some aspects of inter-racial relations have changed in ways that are not necessarily positive since the books release. This books overall message about racial relations at the time was that the way that people who came from Africa were treated was incrediblyRead MoreThe Adventures Of Huckleberry Finn By Mark Twain Essay1055 Words   |  5 PagesJhonatan Zambrano Mrs. Patmor AP Lit-Period 5 28 September 2016 Adventures of Huckleberry Finn 1835 Mark Twain embodies realism in almost every aspect of his writing not excluding The Adventures of Huckleberry Finn, which in he portrays such a lifelike setting that it almost gives you this sense of reality through the point of view of a young man that has an urge for freedom yet struggles to conform to society s norms due to his adolescence. Twain s ability to unmask the true identities of theRead MoreRacism of Yesterday and Today Essay1655 Words   |  7 PagesThe Adventures of Huckleberry Finn was written by Mark Twain in the middle of the nineteenth century. Much of the inspiration for the book came from Mark Twain’s own encounters. Twain’s experiences as a steamboat pilot from 1835 to 1845 provided a great deal of the historical context for his work. The novel revolves around a southern boy, Huck, and a slave named Jim who both reject society by running away in hopes of finding freedom. The Adventures of Huckleberry Finn highlights and portrays theRead MoreHuckl eberry Finn Persuasive Essay1571 Words   |  7 Pageslarge matter- ‘tis the difference between the lightning bug and lightning.†(Mark Twain). Mark Twain, the author of an extraordinary yet controversial novel; The Adventures of Huckleberry Finn had a great way of capturing moments in time and bringing them to life through the use of meaningful and direct diction. The Adventures of Huckleberry Finn has been a vexed novel for it s a use of the â€Å"N-word†. However, many scholars and associations have devised a â€Å"solution† for this problem such as, completely