Arguments in Favour of Anti-monopoly Legislation Essay

What are the arguments in favour of anti-monopoly legislation and under what conditions might monopolies be allowed to exist? 1. What are the arguments in favour of anti-monopoly legislation and under what conditions might monopolies be allowed to exist? Before discussing the arguments in favour of anti-monopoly legislation and the conditions that a monopoly would be allowed to exist it is important to define monopoly and its market structure. It would be easy to define monopoly by considering the existance of only one firm in a certain industry. but the definition of industry is not always that specific. For example, BMW might have a monopoly in a specific type and design of a car but it certainly does not have a†¦show more content†¦A monopoly position in the industry is not created and maintained on its own though. There should be several barriers of entry for new firms high enough to block the entry of new firms. There are several types of barriers: (a) Product differentiation and brand loyalty. When a product is of such quality and type and is the only one that is associated with the customer for a specific purpose. This barrier can occur in a market where even two industrys are accumulating all the available economies of scale because the cost worries the customer less than the quality and fitness of the product. (b) An economy of scale. This is a situation where the industry cannot support more than one producer. Under these conditions, if two firms each charging the same price and supplying half the industry output they would both face a downward sloping demand curve. They would not be able to cover costs whatever the price. (c) Established monopoly firm. This barrier of entry refers to a firm capable of doing everything in the most efficient way in order to prevent the entry of a competitor. Production and marketing skills would be high, techniques, reliable and cheap suppliers would be commited, finance would be cheap and all that for a lower cost curve that would render any other firm incapable to compete. (d) Owing key factors of production and/or distribution outlets.Show MoreRelatedForever: de Beers Us Anti-Trust Laws2646 Words   |  11 PagesForever: De Beers US Anti-Trust Laws Case Study Presentation 6/29/2011 Group 9 – The Explorers â€Æ' Executive Summary For centuries, diamonds have been regarded as one of the most valuable commodities in the world and the industry has evolved into billions of dollars. At the top, De Beers dominated the entire industry worldwide, from exploration to retail selling. However, it has a reputation of a monopolist, where it influences supply and demand. The two critical factors that De BeersRead MoreThe Anti Eu Stance On The Icelandic Population Essay1898 Words   |  8 Pages(EU). Yet public support for this move has always been marginal and in March 2015 Iceland’s government requested that the country should no longer be regarded as a candidate country. This paper seeks to find out what the main reasons are behind the anti-EU stance in the Icelandic population. Thanks to an extensive online survey carried out by the author, it could be confirmed that the protection of the Icelandic fishing and agriculture sectors worries the Icelanders most, followed by the perceptionRead MoreThe Price Mechanism Of International Trade2039 Words   |  9 Pagesservices. The governments intervene in international trade through use of tariffs, quotas, subsidies, reciprocal requirements, specific permission requirements, and quality standards, buy local trade policies, voluntary export restraints, embargoes, anti-dumping levies, and administrative delays (Misra and Yadav 2009). The interventions in markets have pervasive impacts on the consumption and production decisions of the firms and households. The rational consumer chooses the quantities they consumeRead MorePolitical Cartoons Dynamic progress of Womens Rights in Canada1794 Words   |  8 PagesOne of the best ways to judge the different political arguments in Canada from the early 20th century is by reviewing the different political cartoons that were released. These were an effective way of educating the masses because it did not require an advanced education or vocabulary to understand where each side was debating. One of the more popular conflicts that were ongoing in the first years of the 1900’s was the fight for women’s equality. This included the right to vote and the right to participateRead MoreIs China a Neo-Mercantilist Nation?3097 Words   |  13 Pagesdomestically. Protectionism doesn’t protect you. PostNoon.com. April 27, 2012. Retrieved 26 May 2012 This policy contrasts with free trade, where government barriers to trade are kept to a minimum. In recent years, it has become closely aligned with anti-globalization. The term is mostly used in the context of economics, where protectionism refers to policies or doctrines which protect businesses and workers within a country by restricting or regulating trade with foreign nations. â€Å"Xinhua (2012-05-24)Read MorePHARMACEUTICAL PATENTING IN INDIA:PROBLEM OF PUBLIC ACCESS TO HEALTH5190 Words   |  21 Pagesincludes articles intended for use in the diagnosis, cure, mitigation, treatment or prevention of disease in man or animals and articles, other than food, intended to affect the structure or any function of the body of man or animals.1Patent is a monopoly right which promotes the progress of science and technology by conferring a title upon an inventor to make, use or sell an invention, for a limited period. Out of seven areas of  intellectual properties, patent is the most important and controversialRead MoreEssay about Japans Economic Slump2689 Words   |  11 Pagesnetwork of trade unions, key government agencies and the business community in particular keiretsu is known as the Iron Triangle. The post-war American occupation authorities tried to change the economic structure through anti-trust legislation and dissolving zaibatsu (Barnwell, 2000, p 176). Yet, the Japanese bureaucrats influence of the economics was hardly affected. With the break-up of the zaibatsu, there emerged a new business group known as the keiretsu, whichRead MoreCompetition Act in India12486 Words   |  50 PagesError! No index entries found. Table of Contents Introduction of 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‚¬ ¦Ã¢â‚¬ ¦2 Economic Phases in India†¦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 The Competition Act, 2002†¦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‚¬ ¦.8 Anti – Competition Agreements (Section 3)†¦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‚¬ ¦.10 Abuse of Dominance (Section 4)†¦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 Regulations of Combinations (Section 6)†¦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‚¬ ¦..13 Competition Advocacy (Section 49)†¦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‚¬ ¦.16 Competition CommissionRead MoreDevelopment Of Indi A Critique Of Nehruvian Model Essay3508 Words   |  15 Pagesnew definitions of governance that have emerged in recent years include not merely institutions of national government, but also those of local and global governance. 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Dr. Martin Luther King Jr.s Letter From a Birmingham...

Dr. Martin Luther King Jr.s â€Å"Letter From a Birmingham Jail† In King’s essay, â€Å"Letter From Birmingham Jail†, King brilliantly employs the use of several rhetorical strategies that are pivotal in successfully influencing critics of his philosophical views on civil disobedience. King’s eloquent appeal to the logical, emotional, and most notably, moral and spiritual side of his audience, serves to make â€Å"Letter From Birmingham Jail† one of the most moving and persuasive literary pieces of the 20th century. In Birmingham, Ala., in the spring of 1963, Kings campaign to end segregation at lunch counters and segregated hiring practices drew nationwide attention when police turned attacks dogs and fire hoses on peaceful demonstrators.†¦show more content†¦King further declares that laws are established to promote justice and with their current amoral application, civil resistance to those segregated laws by blacks is justified and inevitable. King continues he logical argument when he exhorts the reader to analyze the quote of an elderly black woman who comments, My feets is tired but my soul is at rest (168). King acknowledges that although her statement is grammatical incorrect, and her lack of education apparent, she is still cognizant of the magnitude of injustice suffered by Blacks under segregation. King understands that to communicate such a controversial position effectively; logic alone will not be sufficient. To reach even deeper into the psyche of his reader King also attempts to appeal to the reader’s emotional side. By presenting vivid details to describe the plight of himself and other Blacks, King offers the opportunity for us to vicariously experience the heartbreaking emotions in the daily lives of African Americans under the laws of segregation. These poignant images are detailed with striking clarity when King writes, †¦when you suddenly find your tongue twisted and your speech stammering as you seek to explain to your sex-year-old daughter why she can’t go to the public amusement park that has just been advertised on television, and see tears welling up in her eyes when she is told that Funtown is closed to colored childrenShow MoreRelatedAntigone And Dr. Martin Luther King Jr. s Letter From Birmingham Jail1233 Words   |  5 PagesIn Sophoclesà ¢â‚¬â„¢ Antigone and Dr. Martin Luther King, Jr.’s â€Å"Letter from Birmingham Jail†, Antigone and Dr. Martin Luther King, Jr. used resistance against powerful leaders to follow their morals and make a statement. Dr. Martin Luther King, Jr.’s approach towards the reconstruction of society’s cultural understanding of segregation used civil disobedience in a more public and large-scale approach, whereas Antigone’s use of civil disobedience defied the law in a much more private, small-scale way toRead Moreâ€Å"a Comparison of Dr. Martin Luther King, Jr.’S ‘I Have a Dream’ Speech and ‘Letter from a Birmingham Jail’†.1444 Words   |  6 Pagesâ€Å"A Comparison of Dr. Martin Luther King, Jr.’s ‘I Have a Dream’ speech and ‘Letter from a Birmingham Jail’†. 9% Similarity Born in Atlanta Georgia in 1929, Dr. Martin Luther King Jr., conceivably lived as one of the greatest social and religious leaders in a country where a group of its citizens had to endure excruciating conditions of disenfranchisement, inferiority and degradation of a second class citizenship by reasons of race, color or origin. In effort to condemn allRead MoreLetter From Birmingham Jail Analysis1617 Words   |  7 Pages1960’s faced solely due to the melanin in their skin (King 2). Among these African Americans was the reverend, doctor, humanist, husband, and Civil Rights activist, Mr. Martin Luther King, Jr. Dr. King was a middle class, black man with a life-long devotion of implementing ethnic equality to African Americans nationwide. Following one of Rev. King’s peaceful protests in Birmingham, Alabama, he was jailed on accounts of â€Å"parading without a permit† (King 3). While in jail, Martin Luther King, JrRead MoreEssay on Letter From Birmingham Ja il, by Martin Luther King Jr.742 Words   |  3 PagesDr. Martin Luther King Jr. one of many great influential speakers wrote a life changing letter after being arrested for peacefully protesting African American rights. While sitting in jail Dr. King received a letter from clergymen questioning his motives and timings for being in Birmingham. In a response Dr. Martin Luther King Jr. writes a â€Å"Letter from Birmingham Jail† vividly expressing physical and emotional purposes for his presence in Birmingham, AL. First, in the â€Å"Letter from Birmingham Jail†Read MoreLetter From A Birmingham Jail972 Words   |  4 PagesRhetorical Analysis: Letter from a Birmingham Jail Racism is part of America’s history. Historical leaders like Martin Luther King, Jr. brought the Injustice problems to the light. King, Jr. â€Å"Letters from a Birmingham Jail confronts racism in the United States of America through his response letter to the clergymen criticism, while he is in jail due to holding a protest in Birmingham, Alabama. King, Jr. wrote â€Å"Letter from a Birmingham Jail† to defend the non-violent protest. He claims that the protestRead MoreLetter from Birmingham Jail, by Martin Luther King Jr. Essay938 Words   |  4 Pages Is it not ironic that Martin Luther King Jr. s, â€Å"Letter from Birmingham Jail†, which testifies to his struggle for Civil Rights; not only contradicts the time Martin Luther King wrote it in, but also echoes the same sentiments of today’s moral causes and laws? . Dr. King (*) then known as Baptist minister Martin Luther King Jr. wrote the Letter to Birmingham in response to his fellow clergymen’s criticisms of him being locked up for his actions in Birmingham’s Civil Rights protest. The letter’sRead MoreMartin Luther King Jr : Letter From Birmingham Jail Essay1678 Words   |  7 Pages Martin Luther King Jr: Letter from Birmingham Jail Hao Ran Hu SUNY Broome Hao Ran Hu Global History Professor St.Clair 2016 Martin Luther King Jr: Letter from Birmingham Jail One of the interesting Documents in World History is the ‘Letter from Birmingham Jail’ by Martin Luther King Jr who was born as Michael King in 1929 in Atlanta. His parents were partRead MoreLetter From Birmingham Jail By Dr. Martin Luther King1510 Words   |  7 PagesLetter from Birmingham Jail was a letter written by Dr. Martin Luther King, Jr. from a solitary confinement cell in Birmingham, Alabama. Some portions of the letter were written and gradually smuggled out by King s lawyer on scraps of paper including, by some reports, rough jailhouse toilet paper. Violent racist terror against African Americans was so horrible in Birmingham in the summer of 1963 that the city was being referred to by some locals as â€Å"Bombingham†. King had been arrested while participatingRead MoreLetter From The Birmingham County Jail844 Words   |  4 Pagesâ€Å"Letter from the Birmingham County Jail† Dr. Martin Luther King Jr. was the leader of the Civil Rights Movement. The Civil Rights Movement was a time in which African Americans were setting out to end segregation, specifically in the south. During this time period, African Americans were treated unequally from the white people. African Americans were unable to eat in the same restaurants, shop in the same stores, or even drink out of the same drinking fountain. Dr. King had a vision that one dayRead MoreThe Fight for Social Justice Essay892 Words   |  4 Pagescomes at a great cost to those involved. Through writings such as Dr. Martin Luther King’s â€Å"Letter from a Birmingham Jail† and Sophocles’ â€Å"Antigone†, as well as, lectures such as Dr.Colbourn’s lecture â€Å"Confronting History and the Good Life: Life after Rosewood† it is demonstrated how life, freedom, and a normal everyday life suffer as a cost of fighting for social justice and the common good. To begin with, Dr. Martin Luther King as well as many other African- Americans fought for equality, social

Energy Concerns free essay sample

A discussion on whether countries participating in the World Summit for Sustainable Development should be allowed to implement strategies that do not impact the environment. This paper looks at how modern energy services are not available to 2.5 billion humans. Access to energy service aids economically by permitting longer hours for income generating activities, increasing job opportunities by allowing alternate uses of energy and decreases dependence on developed countries. While the writer of this paper agrees that availability of energy will ultimately contribute to a nations comparative advantage, he argues that if access were provided in the form of fossil fuels, this would promote rapid global warming and amplified air pollution. A large number of controversial opinions related to global warming, pollution and the need for renewable energy sources are mentioned in this paper. From August 26 to September 4, 2002, representatives from 190 nations including 104 Heads of State and Government, 700 companies including 50 CEOs, 9,000 delegates, 8,000 NGOs and 4,000 members of the press attended the World Summit on Sustainable Development , which took place outside of Johannesburg, South Africa. We will write a custom essay sample on Energy Concerns or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The last time leaders of the world met to address such issues, was 10 years ago in Rio de Janeiro. Although participants of the Rio conference had good intentions, not much has been done since that time to stabilize or reduce concerns.