This website uses cookies to ensure you have the best experience. Learn more

Ashford 6: Week 5 Final Paper

1945 words - 8 pages

Final Paper 2
Final Paper
It was the year 2007, and the potato chip industry in the Northwest was
competitively structured and in long-run completive equilibrium. Firms were earning a
normal rate of return and were competing in a monopolistically competitive market
structure. In 2008, a couple of lawyers quietly purchased all the firms and began
operations as a monopoly called “Wonks.” To operate efficiently, Wonk’s hired a
management consulting firm, which estimated a different long run competitive
equilibrium. The new company is now run as a monopoly, and this paper shall explain
how this benefit’s the stakeholders involved, such as the government, businesses, and
consumers. ...view middle of the document...

For example, utilities are often monopolies. In
perfect competition a firm with lower costs can reduce its price and add enough
customers to make up for lost revenue on existing sales.
Monopolistic competition requires specialized inputs because some product
differentiation is compatible with perfect competition, (Carson, 2006). If we think of a
good or service as a bundle of attributes, each different product could be a different
combination of the same attributes. Perfect competition in the supply of each attribute
could then result in perfect competition in the supply of products. Firms would be price
takers, even though no two supply exactly the same good or service. It is when each firm
imparts a unique attribute to its output one not exactly copied by any other supplier and
therefore one which has no perfect substitute that we leave the world of perfect
competition, both in attributes and in products. In order to supply an attribute that no
competitor is able to provide, either a firm would have to be protected by a barrier that
gives it a cost advantage in supplying this attribute, or else the advantage would have to
come from possession of at least one indivisible input that is specialized to this attribute,
and therefore to the firm's product. Since there are no entry barriers under monopolistic
competition, each seller must be the sole possessor of one or more specialized inputs.
Without these product specialized inputs, it is hard to explain why monopolistic rather
than perfect competition prevail.

Final Paper 4
The Benefits of Monopoly to Stakeholders
A monopoly may produce at a lower cost than a competitive industry. This is due to
economies of scale, which a monopoly is able to utilize more than a competitive firm, as
the monopoly is the sole provider of that good, whereas in a competitive industry the
firms share the total output.
They have the ability to set prices at levels they desire, in order to achieve a larger
abnormal profit. However, firms are not entirely able to charge a price they consider fit
for the manufactured goods, since it is constrained by its demand curve. A higher price
will result in a decline in demand, and that may consequently lead to a drop in revenue.
The existence of long-run abnormal profits can give the enticement to invest more
heavily in research and development. This investment may yield a better product to the
consumer. It may also bring a lower cost to the consumer as eventually the monopoly can
use it to give a return on the initial capital cost.
The capability to utilize consumers would come from high prices charged to the
consumer. A monopoly is capable to gain abnormal profit in both the short and long run,
as long as the firm's average cost is lower than its average proceeds. By doing this, prices
will be at a low level, so as to put off potential firms from joining the industry as they
know that they would not be able to produce at such a low...

Other Essays Like Ashford 6: - Week 5 - Final Paper

Bus/475 Final Strategic Plan Week 5

4439 words - 18 pages Final Strategic Plan and Presentation Amy Paul BUS/475 Individual Paper Week 5 03/25/2013 Dallas Walton Final Strategic Plan and Presentation To start my strategic plan I would have to figure out my summary of my initial considerations for the business intended called Amy’s Flower Shop before its opening. Here are some initial strengths, weaknesses, opportunities, threats, and of course trends. Then one must find their vision mission

Week 5 Final Essay

2828 words - 12 pages Effective Listening Skill. Language in India, 13(5), 704-707. Retrieved from EBSCOHOST Schoenberg, N. (2011, January 17). Can we talk? Researcher talks about the role of communication in happy marriages. McClatchy-Tribune News Service. Doi: 2240370261 .

Final Essay Week 5

1050 words - 5 pages My Wedding Day Sarah Snyder ENG 121 Instructor Youngs February 18, 2016 My Wedding Day What time is the right time? It seems as if there are many opinions on when a couple should get married, whether it be after a certain amount of years or just having that “gut” feeling. Should you follow that “gut” feeling even when everyone is against you? That is a question I thought about even until the day I had my wedding. After just 16 months of being

Mgt 311 Week 5 Paper

1803 words - 8 pages will get rid of any requirement for substantial searching. We know that info, if not saved correctly will get lost, and we don't want to endanger the client associations which you have worked so carefully to maintain. Formalized training will be given to all workers prior to execution. Our objective is to ensure that you are happy using the latest program before it's put into use. We have created a formalized coaching agenda for following week

University of Phoenix Comm 212 Week 5 Paper

733 words - 3 pages The Greatest Speech in Cinema: Charlie Chaplain’s “The Great Dictator” Richard McAfee May 11, 2010 Communication 110 A great many speakers and speeches have become popular through the ages, the popularity of each varying between cultures and audiences. As seems fitting with our culture, I have been moved by movies more often than politicians. Charlie Chaplain saved his breath for one of his finest roles and for one of the most

HCA 322 Tutorials / hca322dotcom

1090 words - 5 pages 322 Week 4 Assignment Issues for Health Care Professionals HCA 322 Week 4 DQ 1 Ethical Principles HCA 322 Week 5 DQ 1 Consent HCA 322 Week 5 DQ 2 Patient's Rights HCA 322 Week 5 Final Paper Do Not Resuscitate Legal and Ethical Issues ...................................... HCA 322 Week 2 Assignment Euthanasia Assisted Suicide Debate Euthanasia/Assisted Suicide Debate. Review the Euthanasia ProCon.org website. On the top right of

Alienated Labor

995 words - 4 pages within 48 hours, not including Saturdays and Sundays. Please plan accordingly if you would like to receive feedback before an assignment due date. AWC Email Paper Review Writing the Final Project The Final Project: 1. Must be 1100 to 1400 words in length, and formatted according to APA style as outlined in the Ashford Writing Center. 2. Must include a title page/slide with the following: a. Title of project b. Student’s name

SOC 312 Tutorials / soc312dotcom

1644 words - 7 pages activities, so that your classmates can recreate these lessons in their own classrooms. Criteria: 5 Must be two to three double-spaced pages in length. 6 Must include at least one scholarly resource in addition to the text and required resources. 7 Must be formatted according to APA style, as outlined in the Ashford Writing Center. 8 Must include a Reference page formatted according to APA style, as outlined in the Ashford Writing

ACCT 301 Complete Course Work

2595 words - 11 pages Exam ACCT 301 Week 5 Discussion; Budgets and Productivity ACCT 301 Week 5 Homework ACCT 301 Week 6 Discussion; Pricing ACCT 301 Week 6 Homework ACCT 301 Week 6 Quiz ACCT 301 Week 7 Discussion; Capital investment and Incremental ACCT 301 Week 7 Homework ACCT 301 Week 8 Discussion; Looking Ahead ACCT 301 Week 8 Final Exam ACCT 301 Complete Course Work Follow Link Below To Get Tutorial homeworklance.us/downloads/acct-301-complete-course

Ashford Proposal

1084 words - 5 pages As am active student at Ashford University, there have been a few things I have noticed as a student that could potentially make not only my schooling better, but all other students’ better. I am an online student, and as an online student it is at times difficult to fully grasp concepts that are being taught that particular week in class. I am not saying that there are not classes like this at Ashford, but I believe that if Ashford employed

Soc 313 Entire Course

1668 words - 7 pages version a.pdf SOC-313 week 4 quiz version b.pdf SOC-313 Week 5 DQs.doc SOC-313 week 5 quiz version a.pdf SOC-313 week 5 quiz version b.pdf SOC-313 Week 5 Research Paper on Asthma.doc Sociology - General Sociology Psychosocial Issues in Huntington’s Disease . Discuss psychosocial issues in Huntington’s disease. Some of the issues may be from the following list. Use at least 3 of the following or 3 of your own, and provide

Related Papers

Str 581 Week 6 Capstone Final Exam

1813 words - 8 pages University Of Phoenix STR 581 Week 6 Capstone Final Examination, Part Three (Newest). The author is working in the field of education from last 5 years. This article covers the basic of STR 581 Week 6 Capstone Final Examination, Part Three (Newest) from UOP. Other topics in the class are as follows: STR 581 Week 2 Capstone Final Examination, Part One STR 581 Week 4 Capstone Final Examination, Part Two STR 581 Week 6 Capstone Final Examination, Part Three STR 581 Week 6 Capstone Final Examination, Part Three (Newest) Want to check other classes..?? Visit www.uopetutors.com

Business Law 531 Week 6 Final Examination

2305 words - 10 pages appoint the commissioners or board members of the agency. d) The congressional delegation of legislative power to an agency in its enabling legislation may never be challenged. Complete paper here LAW 531 Week 6 Final Questions and Answers 15. In which of the following cases does apparent authority arise? a) When a principal causes a third party to believe that the agent is authorized to act in a certain way. b) When a principal’s

Quantitative Reasoning For Business Week 6 Final

1488 words - 6 pages Week 6 Learning Team Assignment QRB 501 University of Phoenix May 16, 2010   Topic 18: Exploration 3 a. If a resident of the U.S. is chosen at random, find the probability that he or she is 25 to 44 years old. = (P(25-44)/Total number of people is 4,486,508. = X’s/(1,107,108 + 452,196 + 1,270,419 + 1,068,243 + 588,542)/4,486,508 = 1,270,419/4,486,508 = 0.28316 (0.2832 rounded) b. If a

Acc 291 Week 5 Final Exam 1

1296 words - 6 pages Product Description ACC 291 Sample Final Exam Question 207 On January 1, a machine with a useful life of five years and a residual value of $40,000 was purchased for $120,000. What is the depreciation expense for year 2 under the double-decl ACC 291 Week 5 Final Exam 1 ining-balance method of depreciation? IFRS Multiple Choice Question 01 As a recent graduate of State University you're aware that IFRS requires component