Why Is Monopolies Harmful And How Can Regulation Ameliorate These Harmful Effects?
.... run.
Consider the diagram above. Assume that this monopolist attempts to maximise
profits. Equating MC=MR yields an output of Qm and a price of Pm. If the same
industry existed under perfect competition however, the price would be Ppc and
output would be Qpc since under perfect competition P=MC=AR. The price in such a
situation would thus be lower than under monopoly and output would be greater.
Consumers obviously benefit if this is the case since P=MC implies P=Marginal
utility so that consumers are .....
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What Are Five Factors Which Contribute To The Failure Of New Restaurants?
.... restaurants were to
open this year, 50 to 80 would fail before their first anniversary. That would
leave 30 restaurants open in the year two. Half of these 30 would subsequently
fail in their second year, and a final third of those remaining would fail in
their third year. As a result, there is about a 90% compound failure rate over
the first 3 years of a restaurants lifespan. (Mullen & Woods, 61)
You are not alone if you feel intimidated by the numbers. They can be
quite blunt and negative which .....
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Women Executives
.... On Fortune Service 500
companies, 5.6% of corporate directors are women. The rate of increase is so
slow that parity with men on corporate boards will not be achieved until the
year 2116 - or for 125 years. (The Feminist Majority Foundation News Media
Publishing Inc., 1995)
In 1980, only one woman held the rank of CEO of a Fortune 500 company. This
woman came into the top management by inheriting the company from her father and
husband. In 1985, this executive was joined by a second woman who r .....
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Work
.... Leisure is even
considered an "evil temptation" (Bedford and Colbourne 235-238). Marge Piercy,
a modern day poet, essayist, and novelist, attempts to explain why work is
desirable on contemporary terms in her poem "To Be of Use." To Piercy, hard
workers who really persevere are admirable because of the fact that the world is
full of temptations to stop working, or to not work altogether. This admiration
for determination is apparent because work is as "common as mud," and it must be
done sometime (P .....
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Deficit Spending: The Deficit Good Or Bad
.... In the 1980s they soared to record levels. The
Government cut income tax rates, greatly increased defense spending, and didn't
cut domestic spending enough to make up the difference. Also, the deep recession
of the early 1980s reduced revenues, raising the deficit and forcing the
Government to spend much more on paying interest for the national debt at a time
when interest rates were high. As a result, the national debt grew in size after
1980. It grew from $709 billion to $3.6 trillion in 1990, onl .....
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Becoming A Doctor
.... biology,
chemistry, and some advanced mathematics. It generally takes seven to eight
years to finish his education. The first four years, one would take pre-med.
classes. Then it's on to medical school, where for four years one learns about
the area of medicine one chooses. After medical school, about one year of
internship is needed. Then he becomes a resident and practice medicine under
supervision of a senior doctor. All together, it is about 11 years before one
actually become an independent doct .....
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Casinos
.... away from existing businesses. In
Atlantic City, where casinos were supposed to save their failing economy, over
900 of their 2,100 small businesses have closed and the number of restaurants
was reduced from 243 to 146. By providing everything a person needs, the
casinos are designed to keep people inside. The truth is casinos drain money
out of an area into a far away bank account, most often never going back into
the community. Casino revenues may look good on paper to the average person, and
to po .....
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The Duties Of A Secretary
.... to have a skill speed of 80
WPM before graduating, also when taking the civil service exan. In some offices
the dictation is seized by one secretary while the typing is completed by
another. Usually larger offices hire clerk typist. It is important that
secretaries are capable of reading each others shorthand notes.
Every legal secretary works with computers, duplicators, stencil
machines, but the dictaphone is usually the most frequently utilized.
Information must be transcribed quickly, and accur .....
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Individual Retirement Accounts: Why Bother?
.... before the age of 59 1/2.
3. Penalties for leaving money in too long.
Many people often live their lives without considering how they plan to
retire. People do not realize that the idea of living solely on the benefits of
social security is not realistic. In order to secure a comfortable future,
people must have some type of additional income. Sacrificing a small amount of
money into an IRA at a relatively early age could make a considerable difference
in the lives of people upon r .....
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Total Quality Management
.... satisfaction at every level.
TQM depends on and creates a culture in an organisation which involves
everybody in quality improvement. Everyone in the company can affect quality but
must first realise this factor and have the techniques and tools which are
appropriate for improving quality. Thus TQM includes the marketing and
dissemination of quality and methods not only within the organisation and
customers but also to suppliers and other partners.
The general view to achieve success in TQM c .....
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TQM In An Accounting Environment
.... type
of program, new ideas will be encouraged and enable future changes to be
accepted easily.
Section 2 - The setting of the problem
The accounting office is located in Holland, Ohio. This facility controls
all the financial related tasks within the Northwest Ohio district. The
department involved are the General Ledger, Accounts Payable, Payroll, Billing,
C.O.D., and Information Services. This facility is located approximately three
miles away form the main United Parcel Service hub locatio .....
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Why Sign Up For Enterprise And Innovation
.... in searching for a job and/or running a successful business. This
goal also branches off into many smaller goals or steps. One of these steps is
to gain experience by taking this course. The experience I will gain is about
running a business and by getting knowledge of our economy to help get a job and
help keep or get a job promotion . Another step is to seize more experience in
interacting with people in a business. This experience will help extremely at
giving better knowledge of how a busi .....
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Corporate Average Fuel Economy
.... and b) lowered fuel demand
allowed for domestic producers to meet the basic needs of the public.
Maximum fuel efficiency would a) cut the amount of fuel consumption thus
nullifying high pump prices and b) raise the level of conservation by
lowering the amount consumed.
Although the intentions of Corporate Average Fuel Economy in the 1970's
was thought to be a cure-all but, over the long run it has turned out to be a
flop. The variables on which it was based, turned out to be almost exactly
.....
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Management And The Body Shop
.... basics of planning,
organizing, leading, and controlling apply to The Body Shop. In 1976 an
inexperienced Anita Roddick got tired of unsubstantiated Management and The Body
Shop
claims of the cosmetics industry that their products couldn't deliver. She
decided to make a decision that would change her life forever. Anita became a
manager of her own small business in Brighton England. Selling the natural
secrets found throughout the world; learned from extensive travel while employed
as a teacher with the .....
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Wal-Mart Is Taking Over
.... Wal-Marts officers, they have been known to say very contradictory
things for instance: Wal-Mart's founder Sam Walton once said "If some community,
for whatever reason, doesn't want us in there, we aren't interested in going in
and creating a fuss." or is the VP of Wal-Mart once stated, "‘We have so many
opportunities for building in communities that want Wal-Marts, it would be
foolish of us to pursue construction in communities that don't want us." If you
raise a good argument then you have some .....
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