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Monique T

P&G to lay off 1,600 non-manufacturing employees to cut costs | Economic Times - 1 views

articles.economictimes.indiatimes.com/...d-digital-media-media-spending

efficiency cost-cutting job lay-offs Procter & Gamble competition competitive behaviour

shared by Monique T on 05 Feb 12 - No Cached
  • Monique T on 05 Feb 12
     
    This article details how the large company Proctor & Gamble is attempting to cut variable costs by eliminating jobs, which leads to lower labour costs. This action results in a lower cost for their products, leading to more productive efficiency. This competitive behaviour is also partially reflective of perfect competition, where companies must decrease costs in order to increase profits; however the article also focuses a lot on the advertising done by Proctor & Gamble, which is not fitting with the assumptions of the perfect competition model.
Monique T

Canadian Wheat Board 2.0 to roll out in weeks | Reuters Business - 0 views

ca.reuters.com/...idCATRE81511W20120206

monopoly Canada Canadian Wheat Board competition agriculture primary commodities

shared by Monique T on 12 Feb 12 - No Cached
  • Monique T on 12 Feb 12
     
    This article describes the transition of the Canadian Wheat Board after the Canadian government ended its monopoly. This means the wheat farmers in Western Canada are now going to have to be more competitive as they don't have a monopoly over the industry, and so the industry is ideally transitioning from a concentrated market structure to a competitive market structure.
Desmond M

India to end 'anti-competitive' bulk drug price control policy - 0 views

www.in-pharmatechnologist.com/...bulk-drug-price-control-policy

Price Controls

shared by Desmond M on 17 Nov 11 - No Cached
  • Desmond M on 17 Nov 11
     
    This article is about how the Indian government is going to end its drug control policy. By keeping the "anti-competitive" policy, the Indian government has been artificially keeping the supply of drugs low.
Lola Z

Off With Their Heads! The Fantasy Google Monopoly - Forbes - 2 views

www.forbes.com/...ds-the-fantasy-google-monopoly

monopoly

shared by Lola Z on 04 Feb 12 - No Cached
    • Lola Z
      Lola Z on 04 Feb 12
       
      Here it deals with the concept of menacing monopoly. Google isn't doing anything "evil", but it is just so comprehensive that everyone can't help to use it.
  • . Microsoft’s impressive growth of Bing in a mere two or so years shows that new competition in search can come at any time.
    • Lola Z
      Lola Z on 04 Feb 12
       
      There is actually competitor of Google. It is Microsoft's Bing.
  • ...10 more annotations...
  • They rest on their laurels and do not innovate.
    • Lola Z
      Lola Z on 04 Feb 12
       
      If there is a monopoly in industry, consumers can be end up in disadvantage as the monopolist refuses to innovate and discourages other firms which can potentially innovate from entering the industry.
  • Google continues to innovate in many spheres of Internet and e-commerce activity, from mobile operating systems to books to social media.
    • Lola Z
      Lola Z on 04 Feb 12
       
      However, we can see that Google is innovating and giving consumers advantages. It is a benign monopoly.
  • Google search is a free product, supported by advertising. And that advertising is not priced by Google itself, rather through an auction among advertisers bidding on the use of search keywords. Google doesn’t control price, let alone raise prices.
    • Lola Z
      Lola Z on 04 Feb 12
       
      Here again, Google is shown to be a benign monopoly. Monopolists usually control the price freely, and raise the price as high as they can to earn profits. However, Google is free. Even if advertisers post commercials on it, the price is not set by Google.
  • Monopolists also have no incentive to reduce costs and increase efficiency, because the absence of competition assures them of selling products very profitably.
  • Google doesn’t act like a monopolist and shares none of the characteristics sheltering classic monopolists from competition. Its astounding success in Internet search is universally regarded as a consequence of better design, superior code, better products and plain old hard work.
  • an “evil” monopolist
  • Of course, it’s unlawful to monopolize a market, not to become a monopolist as a result of superior business acumen or execution.
Katie Edwards

iPhone 4 on preorder at Sprint 'while supplies last' - CNET News - 3 views

news.cnet.com/...-at-sprint-while-supplies-last

iPhone supplies preorder pricing choice competition demand

shared by Katie Edwards on 06 Oct 11 - No Cached
  • Katie Edwards on 06 Oct 11
     
    This article predicts the demand for the new iPhone 4S, given the available resources. The main service providers are ALWAYS in competition over the latest smart phones, and now Sprint has joined the battle with AT&T and Verizon. The price has been significantly lowered for the older versions of the phone, and the newest version is pretty expensive. Many people will be willing to pay the higher price because of the features and higher level of technology.
  • Monique T on 12 Oct 11
     
    By using the words "while supplies last", companies usually convince people that there is a bigger demand for their product than there is supply. This would actually influence demand, because people will think that everyone else wants this phone, and they won't be able to get it if they don't get it soon, so the demand may actually increase by saying this.
Lola Z

Ukraine trade demand shocks global partners - 0 views

www.theglobeandmail.com/...article4559774

Tariff

shared by Lola Z on 19 Oct 12 - No Cached
  • Lola Z on 19 Oct 12
     
    This article reports that Ukraine is thinking to raise its tariffs on various imported goods. Since Ukraine joined the WTO, its trade deficit has been increasing. The increase in trade deficit suggests that the international market is too competitive for the Ukrainian goods and putting them at a disadvantage. To respond to this issue, the Ukrainian government is thinking to raise tariffs so as to protect the domestic goods from aggressive international competitions.
Mirren M

What's "Perfect" About Perfect Competition? A Prosperous Economy Needs Innovators - 0 views

www.huffingtonpost.com/...fect-about-perfe_b_945519.html

perfect competition

shared by Mirren M on 23 Mar 12 - No Cached
  • Mirren M on 23 Mar 12
     
    "Hewlett-Packard (HP), the world's largest information technology company and an icon of U.S. business, announced that it intends to exit the personal computer industry, including the rapidly expanding smartphone and tablet segments"
Lola Z

Cover story 1 - Agriculture-Go big ... and small - 0 views

www.fm.co.za/Article.aspx

shared by Lola Z on 22 Jan 12 - No Cached
    • Lola Z
      Lola Z on 22 Jan 12
       
      Sometimes economies of scale creates monopoly when a company grows too big. And this forces small operations out because economies of scale helps the price to remain competitive.
  • It is natural, simply capitalism
  • you must get bigger, get better, or get out.
  • ...1 more annotation...
  • greater economies of scale become more pressing and more smaller farmers are unable to make a reasonable living off the land.
Amy X

Facebook Banks On Traditional Approach - 0 views

online.wsj.com/...3920204577197443510392180.html

free market perfect competition

shared by Amy X on 02 Feb 12 - No Cached
  • Amy X on 02 Feb 12
     
    "Facebook Inc.'s lineup of six major Wall Street banks to manage its initial public offering reflects the social network's determination to pursue a conventional IPO and avoid an exotic approach to the share sale, people familiar with the company said." This article approaches to the idea about the interaction between the banks and Facebook, these interactions can shown in a relation of the free markets. also, the article mentions the competition Facebook with other social sites.
Lucas G

Coca-Cola cuts prices, Pepsi may follow suit - 1 views

timesofindia.indiatimes.com/...11893350.cms

Oligopoly Non-collusive

shared by Lucas G on 22 Feb 12 - No Cached
  • Lucas G on 22 Feb 12
     
    This article concerns the oligopoly of Coca-Cola and Pepsi in the soft-drinks industry. It is a non-collusive oligopoly; and the two firms compete in order to gain consumers and maximize profits. Although this is usually apparent through non-price competition (as price competition can result in heavy losses for both firms), in this situation in India, Coca-Cola is reducing its prices in order to gain consumers. Pepsi will then follow suit, also reducing its prices, as if it doesn't it may lose many consumers to Coca-Cola.
Katie Edwards

Should Mortgage Rates Even Be Lower? - WSJ.com - 0 views

online.wsj.com/...4131004577237550558739754.html

oligopoly competition

shared by Katie Edwards on 23 Feb 12 - No Cached
  • Bankers push back against any notion of oligopoly. "The mortgage business is extraordinarily competitive," said Franklin Codel, head of mortgage production at Wells Fargo Home Mortgage. There are other factors at work. For one thing, fees charged to lenders by government-controlled mortgage-finance companies Fannie Mae and Freddie Mac are set to rise this year. The increases paid for the payroll-tax break passed by Congress in December. Analysts stress it is difficult to disentangle how much of the spread is due to pricing power from banks with more control of the market, and how much might represent structurally higher costs of doing business in the U.S. mortgage market reshaped by the crisis.
Katie Edwards

Will Verizon and Redbox Challenge Netflix Monopoly? - 0 views

www.opposingviews.com/...box-challenge-netflix-monopoly

monopoly challenge

shared by Katie Edwards on 08 Feb 12 - No Cached
  • Katie Edwards on 08 Feb 12
     
    Netflix has been the leading DVD/Streaming Movie and TV source for a while now. People are overall pleased with the selection and the price, but largely because there are few alternatives. If there has been any competition to Netflix, it's the small deals often enclosed with OnDemand for specific providers. We will find out if it's possible for "Redbox" to overpass Netflix, because as of right now, it's just another small competitor.
Mirren M

China to end export tariff, quotas on coke exports before WTO deadline: official - 1 views

www.platts.com/...7044899

tariff quota tax policy export

shared by Mirren M on 19 Oct 12 - No Cached
  • Mirren M on 19 Oct 12
     
    China's 40% tax imposed since 2008 is a violation of WTO regulations. As such, they have to renew their policy. However, this would raise their exports competitions decreasing FOB price.
Adam C

Wheat Board Monopoly - 1 views

www.vancouversun.com/...story.html

monopoly

shared by Adam C on 12 Feb 12 - No Cached
  • Adam C on 12 Feb 12
     
    (No intended link to Monique's) This article talks about the Canadian Wheat Board, and the potentially detrimental affects of ending this monopoly in the prairie provinces. ending this monopoly would make the market more competitive, which would take away from the research and development of new methods and new tools.
Mirren M

AirAsia monopoly on Sandakan - Airline News - etravelblackboardasia.com - 0 views

www.etravelblackboardasia.com/...airasia-monopoly-on-sandakan

monopoly

shared by Mirren M on 23 Mar 12 - No Cached
  • Mirren M on 23 Mar 12
     
    AirAsia has monopoly on the route between Kuala Lumpur and Sandakan, as Malaysian Airlines subsidiary airline Firefly is no longer a competition between the two destinations.
Nadiya Safonova

Very Bumpy Public Good - 1 views

www.theautochannel.com/...460057.html

public good

shared by Nadiya Safonova on 06 Dec 11 - No Cached
  • Nadiya Safonova on 06 Dec 11
     
    This article discusses the issue in the state of California of poor road quality. It is causing citizens to pay extra money each year for car repairs...the money for car repairs in California exceeds every other state. So this article shows an example of poor quality public goods. Like I mentioned in my comment in the class discussion, government intervention eliminates competition, which can lead to a poor quality product...well this is an example of poor quality public good. No toll highway or road would ever be poor quality and have holes and bumps.
Katie Edwards

The Durango Herald | Despite campaign talk, free markets no longer exist - 1 views

durangoherald.com/...s

'free markets' 'perfect competition' firms

shared by Katie Edwards on 01 Feb 12 - No Cached
  • Katie Edwards on 01 Feb 12
     
    I thought this article about the state of the US economy was particularly interesting. The statistics of ratio large firm to small firms (3-1, small) is increasing. The article also states, "The market rewards and punishes with little regard to whom or what or how it impacts. Generally, it is large firms that enjoy these little gems of taxpayer munificence. They have become "too-big-to-fail."
Katrina D

It's time to question Canada's cheese prices - 0 views

www.theglobeandmail.com/...article2231511

subsidy

shared by Katrina D on 13 Nov 11 - No Cached
  • Katrina D on 13 Nov 11
     
    Who likes cheese? In Canada we do, and it's not helpful that our dairy prices are so much higher than other countries. This article analyzes our situation compared to other countries, particularly the United States. It also brings up the idea of other countries imposing subsidies to pay out farmers to help the problem (ie. US farmers get 31 cents per litre of milk). As well, Canadian farmers get a quota to how much product they can produce, so that really restricts competition in this industry.
Amy X

Apple sidesteps iPad ban in Shanghai, but Proview is far from done - 1 views

news.cnet.com/...i-but-proview-is-far-from-done

monopolistic competition.

shared by Amy X on 23 Feb 12 - No Cached
  • Amy X on 23 Feb 12
     
    Apple sidesteps iPad ban in Shanghai, but Proview is far from done A lower court says Apple will be allowed to sell the iPad around Shanghai, but similar attempts to ban the device are being brought to other courts around the country. One down, many, many more to go. This comments on the monopoly apple is wanting to make, in the market yet struggling but showing power.
Monique T

Oil giants fined for price-fixing | Fin24 - 4 views

www.fin24.com/...ined-for-price-fixing-20120221

oligopoly collusive price-fixing oil South Africa anti-competitive behavior bitumen

shared by Monique T on 26 Feb 12 - No Cached
  • Monique T on 26 Feb 12
     
    This article discusses how petroleum countries in South Africa were fined for price-fixing. This is an example of large firms who form a collusive oligopoly, because they are working together to agree on prices that will maximize their joint revenue. However, due to the fact that this means higher prices for consumers, it was an illegal agreement and so the firms are being fined.
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