Group items tagged

formal collusion; cartels are group of competitive firms colluding together to act as a monopoly - why is a monopoly market structure attractive to producers?

The act of artificially inflating or deflating the price of a security 

oil- one of the most inelastic goods due to its high demand and usage in producing a lot of consumer goods 

Oil - one of the most inelastic good   

Demand has decreased due to economic crisis

EU intervention to reduce surplus of olive oil and incomes in rural areas of spain

Demand has decreased due to economic crisis

Dumping - lower market price

Protectionism - subsidizing domestic producers

dumping

Excess supply leading to the prices declining

Government intervention

Minimum price

Demand, indicates that this article is on micro economics, relating to supply and demand

Output is another word for supply and this can be referenced to micro economics, which is about supply and demand. 

Panasonic (oligopolistic firm) is considering to cut workers due to recession, so microeconomics on oligopoly with the x-axis with quantity and y-axis with price can be made.

In the end, is it possible to find a way to NOT cut workers?

In your IA maybe you could add a simple note saying how long the recession has been going on.

I assume this section is saying that they are trying to reduce costs of production and increase efficiency. However, in most cases if a firm tries to lower the price they would lose customers due to price war between other firms that produce homogenous goods so it would be risky to change prices when its oligopoly. Although, their main aim is to recover its business so they are trying to cut many workers, reduce costs and increase efficiency.

Brings marginal cost shift inwards and by that also the average cost shift inwards as well 

Slush in labours at Panasonic Corps in Osaka 

The attempts of government intervention to change the demand of fat in the past and what the government is attempting to repeat now, in order to change the demand of sugar and chocolate. This will also change the supply of the goods, since the tax will hit the producer as well.

This section shows the desired price, through the addition of the tax. It also gives a very exact target date for when the tax should be started up. This allows for graphs to be drawn before and after the event.

This shows how over time further taxes will be put on products, showing further change in demand and supply and the SRAS and LRAS.

These are inferior goods

Given the option, consumers are willing to opt for the cheaper, unbranded version amid high economic costs.

Shows economies of scale: Coles can sell cheaper because as a chain they can source from farmers directly. This lowers their costs of production and thus lowers consumer prices.

Decrease in demand

Increase in Penalty Due to Decrease in supply.

Title is nearly insignificant. Focusing on the decrease in supply to the consumer, and not the increase in penalty.

with no cotton subsidy from the government, what effect will that have on the market?

this is whats happening now. with the subsidy, it means that the US cotton market is going well because they can sell more with the subsidy from the government

what effect the US having no subsidy on the cotton will have for the 3rd world cotton that is being sold as a second to the US cotton

merit good that is under consumed

positive consumption externality

MPB moves towards MSB

making vaccinations more accessible

Microeconomics - Supply and Demand

Current Prices 

Microeconomics - Minimum price on alcohol in Scotland

Minimum price = legally imposed price floor below which that normal market price cannot fall

Consumers pay a higher price for same product