French Exercise - Si Clause Threads, Third Conditional

Oligopoly - 2529 Words

This paper will focus on the behaviour of oligopolists and the situations they are confronted with in their daily business. The paper is divided in three parts. The first part explains the basic keywords. The second part tries to explain the nice and the sad sides of an oligopolist, and will discuss the consequences of their behaviour. As well, I will try to examine the statement being an oligopolist is not easy, and whether it is true or whether the truth lies in between. Aspects of Market Structure The four types of market structure are listed in the drawing below: Characteristics of an oligopoly Definition Oligopoly is a type of imperfect competition with a market structure, that has only a small group of†¦show more content†¦An oligopoly is a form of economy. Using the four-firm concentration ration, an oligopoly is defined as a market in which the four-firm concentration ratio is above 40% according to Wikipedia. In more general terms, a way of measuring market share is to look at the concentration ratio (CRN): The N-firm concentration ratio is the percentage of market output generated by the N largest firms in the industry. We already covered the most used- CR4 - percentage of sales of the 4 top firms in the industry. One measure of this ratio is the 5 firms concentration ratio which shows the market share of the 5 largest companies. Normally an oligopoly exists when the top five firms in the market account for more than 60% of total market demand/sales. Relating to the index featured above, the market share for standard and emissions ´ test remained approximately at over 98,76 % for the 5 top market players ( Dekra, TÃÅ"V, GTÃÅ", KÃÅ"S, FSP), so the company in which I work is an oligopolist. Oligopolical games as a Prisoners Dilemma For understanding the function of oligopoly games, we need to define the game of prisoners ´ dilemma. It is a game between two captured prisoners that illustrates why cooperation is difficult to maintain even when it is mutually beneficial. The oligopoly game is based on the prisoners ´ dilemma. It turns out that the game oligopolists play in trying to reach the monopoly outcome is similar to theShow MoreRelatedOligopoly : Concept Of Oligopoly1562 Words   |  7 Pages 4 Running head: OLIGOPOLY Concept of Oligopoly Domestic aviation market in the United States is the best example of demonstrating oligopoly. From a recent incident the United Airlines dragged one of its passengers out of the plane due to overbooking. The incident rightly represented the treatment being given to the economy class passengers. The main reason for such incident is the market power. According to the statistics in the year 2016, it was noted that combined shares of the 4 leadingRead MoreAn Oligopoly Market Essay2021 Words   |  9 PagesIntroduction It cannot be denied that oligopolies are widespread all over the world. The Cambridge Dictionary (2016) defines oligopoly as ‘a situation in which a small number of organizations or companies have control of an area of business, so that others have no share’. An example is the smartphone market are dominated by Google’s Android and Apple’s iOS. It has been reported that the market share of Android is nearly 80 percent, while iOS’s market share is about 15 percent in 2015 (OlenickRead MoreQuestions on Oligopoly19013 Words   |  77 PagesChapter 16 Oligopoly MULTIPLE CHOICE 1. Markets with only a few sellers, each offering a product similar or identical to the others, are typically referred to as a. competitive markets. b. monopoly markets. c. monopolistically competitive markets. d. oligopoly markets. ANSWER: d. oligopoly markets. TYPE: M DIFFICULTY: 1 SECTION: 16.1 2. An oligopoly is a market in which a. there are only a few sellers, each offering a product similar or identicalRead MoreOligopoly Essays895 Words   |  4 PagesOligopoly is a market structure in which only a few sellers offer similar or identical products. It is an intermediate form of imperfect competition. OPEC is an epitome of Oligopoly. Features of Oligopoly: †¢ Non Price Competition †¢ Interdependent decision making †¢ Entry Barriers If organizations behave in cooperative mode to mitigate the competitions amongst themselves it is called Collusion. When two or more organizations agree to set their outputs or prices to maintain monopoly it is calledRead MoreOligopoly of Banks1566 Words   |  7 Pagesï » ¿BRITISH BANKS: CRACKING THE OLIGOPOLY Student: Aruni Dileepa Wijeweera - 16639300 Student: Elie Gharib - 16443365 Student: Ying Sheng - 17903022 Lecturer: Dr. Neil Perry Economics 200425 Due Date: 18th November 2013 United Kingdom (UK) banking industry started in 1694 with the establishment of Bank of England, with the main purpose of funding the war against France. Throughout the years and with the expansion of the banking industry, many private banks invadedRead MoreEssay on Oligopoly1442 Words   |  6 Pages An oligopoly describes a market situation in which there are limited or few sellers. Each seller knows that the other seller or sellers will react to its changes in prices and also quantities. This can cause a type of chain reaction in a market situation. In the world market there are oligopolies in steel production, automobiles, semi-conductor manufacturing, cigarettes, cereals, and also in telecommunications. Often times oligopolistic industries supply a similar or identical product. TheseRead MoreThe Oligopoly Theory2874 Words   |  12 PagesRunning head: Oligopoly Theory The Oligopoly Theory OPERATIONS MANAGEMENT Table of Contents Abstract†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.4 Oligopolistic Competition†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...5 Characteristics of an Oligopoly†¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....6 Models of Oligopoly Behavior†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦9 Conclusion†¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...11 References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreAirtel Oligopoly3534 Words   |  15 PagesTechnologies has been introduced as the third partner for three circles. OLIGOPOLY Oligopoly is a market structure characterized by a small number of large firms that dominate the market, selling either identical or differentiated products, with significant barriers to entry into the industry. Oligopoly dominates the modern economic landscape, accounting for about half of all output produced in the economy. MAIN FEATURES OF OLIGOPOLY: 1. Sellers are few in number 2. Any one of them is of such a sizeRead MoreOligopoly: Monopoly and Firms1535 Words   |  7 Pagesï » ¿+ http://www.expertsmind.com/course-help/?p=oligopoly-emergence-causes-98734287402 Oligopoly Meaning:- Oligopoly  is a common economic system in today’s society. The word â€Å"oligopoly† comes from the Greek â€Å"oligos† meaning little or small† and â€Å"polein† meaning â€Å"to sell.† When â€Å"oligos† is used in the plural, it means â€Å"few.† Oligopoly is a market structure in which there are a few sellers and they sell almost identical products. A situation in which a particular marketRead MoreEffect of Oligopoly on Economy1549 Words   |  7 PagesOLIGOPOLY INTRODUCTION In this topic the oligopoly form of market is studied. You will learn that fewness of firms in a market results in mutual interdependence. The fear of price wars is verified with the help of the kinked demand curve. Collusive forms and non-collusive forms of market are analyzed. The economic effect of the oligopoly form of market is presented. OLIGOPOLY CHARACTERISTICS The oligopoly form of market is characterized by - a few large dominant firms, with many small ones, - a

Killer Whale Capture Thesis free essay sample

The worlds greatest and largest apex predator, their extreme intelligence allow them to thrive in any waters from tropics to Antarctica and even sharks are on the menu. Orcinus orca, the Killer Whale, can grow up to thirty-two feet long and weighing in at over twenty thousand pounds. They have been feared for hundreds of years by North American Natives and even mentioned in Greek maritime records. Their name when translated from Greek means killer from hell ( n.p. ). Unfortunately the freedom of these mighty sea kings is growing more limited as humans wish to capture them for aquatic mammal parks. The history of captured orcas is a sad one, the first whale captured was by Marineland of the Pacific in Newport Harbor, California 1961.The fully matured female was found sick and disoriented in the bay and easily caught, but after two days in her tank she rammed herself at the tank wall and died. We will write a custom essay sample on Killer Whale Capture Thesis or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The second capture in 1964 had started as a hunting expedition by Samuel Burich to kill a whale and use it to make a model for the Vancouver Aquarium. When the fifteen foot whale named Moby Doll survived being shot the aquarium told Samuel to bring it back alive for the aquarium, but after spending only eighty seven days in the tank Moby died of a skin infection caused by the low salinity levels of the water in his tank. The life expectancy of these mighty animals is nearly halved in captivity and in reality many die before that. A study done in 1993 proved this devastating fact; By 25 years ago 50 had been captured—only two of those survive, Corky and Lolita. By 20 years ago 65 orcas had been caught—only three of those are still alive, Corky, Lolita and Winnie, a female at Sea World in Ohio (n.p.). The continued capture of killer whales must stop immediately, for the continued growth of wild populations and the safety of these amazing animals. Therefore the goal of this paper is to prove that capturing killer whales is unethical, dangerous, and shortens the life span of these magnificent creatures by exponential numbers. In addition it will cover the return of orcas to the wild and the dangers of saving them.

The Short Happy Life of Francis Macomber Essay Example

The Short Happy Life of Francis Macomber Paper Three’s a Crowd â€Å"We have nothing to fear, but fear itself. † Known by many, this common phrase has few words, but a intense meaning. In Ernest Hemingway’s short story, â€Å"The Short Happy Life of Francis Macomber,† the overcoming of fear is shown throughout the story. Francis Macomber and his wife Margaret Macomber are on an African safari with a man name Robert Wilson. Hemingway portrays Francis Macomber as wealthy and beautiful, yet cowardly. Macombers wife Margaret also young and beautiful, but seemingly dissatisfied with her husband of eleven years. Robert Wilson is portrayed as a fearless man that has little regard for anyone but himself. The story is focused around Francis Macomber’s cowardly actions and his attempt to become courageous, which inevitably leads to his death. The story contains different types of conflict and rising actions that lead to the unforeseen climax. In Hemingway’s short story, there are several types of conflict portrayed by the main character Francis Macomber. The initial conflict is Macomber with himself, suggesting an internal conflict. This is shown as Macomber is disappointed with himself for acting cowardly on his first encounter with a lion. We will write a custom essay sample on The Short Happy Life of Francis Macomber specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Short Happy Life of Francis Macomber specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Short Happy Life of Francis Macomber specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Macomber says to Wilson, â€Å"I can’t thank you for what you did†, and admits that he â€Å"bolted like a rabbit. † His words suggest Macomber was afraid, and needed to be saved by Wilson. The next conflict in the story is Macomber’s conflict with the wild. This is portrayed as Macomber struggles with his fear of wild animals and his attempt to overcome those fears. Another conflict is the obvious conflict Macomber has with Robert Wilson. In addition to feeling inadequate against Wilson’s many talents in the wild, there is also the fact Wilson beds Macomber’s wife. Lastly, there is the conflict Macomber has with his wife. This is portrayed throughout the story but becomes more relevant when Macomber’s wife sleeps with Wilson. Macomber says, â€Å"You said if we made this trip there would be none of that, you promise. † This leads the reader to believe the Macomber’s marriage is less than perfect, and likely an ongoing conflict. In addition to the conflict in the story, there are scenes of rising action. One example of rising action occurs when Wilson and Macomber return to the wild to hunt for a lion once again. Macomber is able to get a shot off but only able to wound the lion before it runs away. As Wilson and Macomber search for the wounded lion to finish it off, he inevitably runs away frightened for a second time. Hemingway writes Macomber, â€Å"was running; running wildly, in panic in the open, running toward the stream. † As a result of this instance, Macomber’s wife takes a thriving interest in Wilson. Hemingway writes, â€Å"Once he had reached over to take his wife’s hand . . . she had removed her hand from his . . . his wife had reached forward and put her hand on Wilson’s shoulder . . . and kissed him on the mouth. Later, Macomber’s wife sleeps with Wilson, which will completely change Macomber’s persona for the rest of the story. Macomber is so overcome with anger, his character quickly changes from cowardly to courageous. Finally, the conflict and the rising action of Hemingway’s story leads to the climax. This occurs when Wils on, Macomber, and his wife take their final journey into the wild. As a result of the sheer anger Macomber has for Wilson and his wife, his fear is drowned by adrenaline. Macomber instantly takes on the characteristics of Wilson as he takes out two buffalo on the journey. At this point, Wilson respects this new persona of Macomber, while Margaret seems intimidated. With all fear aside, Macomber sets up for his final kill, head on with the third buffalo charging right for him. Just when he feels invincible, his wife Margot pulls a riffle and kills her husband. Margaret pleads she was trying to save her husband’s life from the charging buffalo. However, it is assumed in Hemingway’s story that the young wife, intimidated by her husband’s new found courage, may have been aiming for Macomber all along. In conclusion, Hemingway’s story â€Å"The Short Happy Life of Francis Macomber,† has different conflicts and scene of rising action which lead to an outstanding climax. The multiple conflicts Macomber has with himself, nature, and man leads to a shown fear of the wild, and his inadequacies. These events lead to the unforeseen climax of the story where the actions of both Macomber and his wife are questioned. Although Macomber’s life was in fact short in years, it was indeed happy as he was able to face his fears and overcome his biggest obstacles. Works Cited Hemingway, Ernest. â€Å"The Short Happy Life of Francis Macomber. † Web. 6 March 2011.