... to monopolies, in order to regulate their power in favour of the public's interest. There are several reasons why monopolies may be against the public interest. It is claimed that monopolies produce at a lower level output and charge a higher price than under perfect competition in both the short run and the long 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 ...

... be minimized, or even non-existing without commercials, but there is a limit to everything. And the limit to this has been reached. Every time tou want to have a good relaxing football match in front of the TV you see COCA-COLA and IBM and all other known brands all over the TV so that it is hard to see the atheletes because of all the billboards. I think it sucks!. Of course the advertizers should have the oppurtunity to show their colors at sports events, but if it was a little but more discrete, it would certainly be a lot more enjoyable to see football games on TV. As we all know, there will be a “unimportant” sporting ev ...

... gains would be achieved (REFERENCE?). Thus was born the concept of motivational and incentive systems. What is "motivation?" The root word is "move" which would mean that anyone who is moved to do something is motivated. Therefore, sitting on a tack, or at least the pain associated with it is a motivator. For those of us in Graduate School, we are aware that without a "B" average we will be eliminated from the program. Maintaining that average is our motivator. Attaining the certificate of graduation is our incentive. In psychology, at its most basic, a motivator is that which impels or compels an individual to act toward meeting a need. On a physio ...

... Germany has for a century tried to unite Europe, creating a super-state in which German influences would be great. But what is in a monetary union for Great Britain? Below are discussed the pros and cons of monetary union from a British perspective, and the choice for Britain. ARGUMENTS 'AGAINST' THE UK JOINING THE EMU TRANSITIONAL COSTS The most significant economic cost involved in the transition to the EMU will be the expense and dislocation involved in replacing national currencies with the Euro. The UK decimalization in 1971 took almost 5 years to complete, yet this involved a change in only one currency compared with up to 15 if the EMU goes ahead. Apa ...

... Canada, and Mexico. This free trade means exactly what it says. No tariffs are implied on goods that are manufactured by one nation and exported to another participating nation. Under free trade, each country will concentrate on producing goods that are produced most efficiently in that country. This makes the production of goods very cost effective and efficient. What is expected of this agreement is an increase of income and gains in Gross Domestic Product. Costs to the consumer fall because of the wide variety of competition available. Why buy something here, if you can get it cheaper there? NAFTA has its advantages. This increase in trade, competition ...

... be broke down into five different stages beginning with early strategies, problems, new strategies, a ratio analysis, and a recommendation. EARLY STRATEGIES UNDER TONY SMITH Tony Smith introduced the Top Hat as a drive-in restaurant that reduced start up cost by not having eat-in space. This new restaurant featured drive-in stalls for automobiles, that were equipped with a two-way intercom enabling customers to order as soon as they drove in, opposed to conventional practices of waiting for a carhop to take an order. Delivery of the fresh fast-quality products was do to the unique design of the kitchen, and the use of carhops. Sonic Corporation preferred to d ...

... of investors have become accustomed to quoting it, and because the US stock market is the globe's biggest market index. Originally, Charles H. Dow simply added up the prices of the stocks in his average and divided by the number of stocks. But over time the divisor has been changed to preserve historical continuity. If the Dow were an average,as it once was,it would be determined with simple math skills:by adding up the prices of its companies shares,dividing that by thirty. But the stock market can sometimes be to hectic for basic math. The most frequent reason for this is a stock split. Suppose a company in the DJIA issues one new share for each share ...

... that the Fed has used. FEDERAL RESERVE SYSTEM Founded in 1913 by an act of Congress, the Fed is the central bank of the United States. The Fed is a complicated institution with many responsibilities, including the regulation and supervision of over 10,000 commercial banks. The organization of the Fed is included in the Appendix to this paper. The Board of Governors is the most important group within the Fed. The Board consists of seven members, each appointed for 14 years by the President of the United States. The chair of the Fed, also appointed by the President, has a term of 4 years, and is sometimes said to be the second most powerful man in the country. ...

... each method, so my answers might not be 100% accurate. I do think for the most part that I answered the questions very straightforward. I scored a 41 on the extraversion which is my strongest point by far. My next highest score was 23, and that was on judging. My lowest score was 9 on the intuition, which goes back to me not knowing how to answer the questions with regard to intuition. I knew outright that I was an extravert, and I thing that shows in getting a 41 on that section. The rest of the areas were a little shady, and it seems as if they could have gone either way. So I am not too sure about the rest of my characteristics, except for the extravers ...

... companies to become world class. Behind China's leaders will be the weight of 135 other nation~{!/~}s members, besides the U.S. After China joins the WTO, the increased competition of the Chinese Industries will feel from the influx of more foreign imports and deeper foreign investments, will become the acid test for coddled industries. Those that can meet the challenge will ultimately survive and prosper. Many others will fail to navigate in the new climate. The expected business expansion will in time help create new jobs to absorb displaced workers, including many in the farming sector, as well as providing new opportunities for the countless younger workers ...