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New drug price order may bring in monopoly - The New Indian Express - 2 views

newindianexpress.com/...article1602951.ece

shared by Keisuke Ozeki on 31 May 13 - No Cached

- Keisuke Ozeki on 31 May 13
  
  Positive Externality, Merit Good
  
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the new price regime would bring in monopoly in the sector.
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- Keisuke Ozeki on 31 May 13
  
  Would it bring in a monopoly? - Evaluation
  
  <div class="cArrow"> </div><div class="cContentInner">Would it bring in a monopoly? - Evaluation</div>
  
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While the earlier drug price control order covered only 74 bulk drugs and formulations
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- Keisuke Ozeki on 31 May 13
  
  Note that maximum price level existed previously, but at a lower level.
  
  <div class="cArrow"> </div><div class="cContentInner">Note that maximum price level existed previously, but at a lower level.</div>
  
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As per the new price control order, the ceiling price of an essential drug will be the simple average of all brands with a market share of at least one per cent.
- Keisuke Ozeki on 12 Jun 13
  
  Decrease in demand temporarily as there is an expectation of decrease in price.
  
  <div class="cArrow"> </div><div class="cContentInner">Decrease in demand temporarily as there is an expectation of decrease in price.</div>
  
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But, large companies will get a monopoly in pricing as they can manipulate price structure together.
- Keisuke Ozeki on 12 Jun 13
  
  Creating cartels to increase the price together - Oligopoly, few large firms dominating the market.
  
  <div class="cArrow"> </div><div class="cContentInner">Creating cartels to increase the price together - Oligopoly, few large firms dominating the market.</div>
  
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The experts in the industry point out that the small players in the field will eventually be wiped out when the new price control regime will come into effect.
- Keisuke Ozeki on 12 Jun 13
  
  Evaluation - Assumption made that the large firms are going to form cartels. If they don't, this will not occur. For the government to prevent this, they can create anti-cartel regulations
  
  <div class="cArrow"> </div><div class="cContentInner">Evaluation - Assumption made that the large firms are going to form cartels. If they don't, this will not occur. For the government to prevent this, they can create anti-cartel regulations</div>
  
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18More

BP, Shell raided over alleged price fixing | Business News | Business and Finance News ... - 2 views

shared by Jin Seo on 31 May 13 - No Cached

crude oil, refined oil products and biofuels purchases and sales
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- Jin Seo on 31 May 13
  
  Oil - one of the most inelastic good
  
  <div class="cArrow"> </div><div class="cContentInner">Oil - one of the most inelastic good </div>
  
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Statoil
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...9 more annotations...
Platts
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final consumers
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colluded
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prevented others from participating in the price assessment process, with a view to distorting published prices.
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price fixing
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cartels
- Jin Seo on 31 May 13
  
  formal collusion; cartels are group of competitive firms colluding together to act as a monopoly - why is a monopoly market structure attractive to producers?
  
  <div class="cArrow"> </div><div class="cContentInner">formal collusion; cartels are group of competitive firms colluding together to act as a monopoly - why is a monopoly market structure attractive to producers? </div>
  
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High oil prices are crushing families across Britain. Motorists are being taken for a very expensive ride.''
- Jin Seo on 31 May 13
  
  reasons why oligopolies are strictly monitored
  
  <div class="cArrow"> </div><div class="cContentInner">reasons why oligopolies are strictly monitored </div>
  
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- Jin Seo on 31 May 13
  
  and also why oligopolies want to collude to become a monopoly
  
  <div class="cArrow"> </div><div class="cContentInner">and also why oligopolies want to collude to become a monopoly </div>
  
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Libor scandal
- Jin Seo on 31 May 13
  
  largest price fixing scandal
  
  <div class="cArrow"> </div><div class="cContentInner">largest price fixing scandal</div>
  
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transparency.''
- Jin Seo on 31 May 13
  
  what would the evaluation contain? - is it good or bad? (for consumers (benefits of colluding) and producers) - BP oil competition = shows how having contest ability may be dangerous - what can the governments do to stop collusion from happening?
  
  <div class="cArrow"> </div><div class="cContentInner">what would the evaluation contain? - is it good or bad? (for consumers (benefits of colluding) and producers) - BP oil competition = shows how having contest ability may be dangerous - what can the governments do to stop collusion from happening? </div>
  
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Jin Seo on 31 May 13

oil price fixing in the EU

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3More

FICCI wants government to end monopoly of Coal India - Economic Times - 1 views

articles.economictimes.indiatimes.com/...ing-ficci-president-coal-india

shared by Ryo Sakai on 06 Jun 12 - No Cached

- Ryo Sakai on 06 Jun 12
  
  Why are monopolies bad? Other good suggestions such as monopolistic competition and perfect competition.
  
  <div class="cArrow"> </div><div class="cContentInner">Why are monopolies bad? Other good suggestions such as monopolistic competition and perfect competition. </div>
  
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- Ryo Sakai on 06 Jun 12
  
  Wants to end monopoly because they need more demand for coal
  
  <div class="cArrow"> </div><div class="cContentInner">Wants to end monopoly because they need more demand for coal</div>
  
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Ryo Sakai on 06 Jun 12

This will be my IA article

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8More

BBC News - Samsung and LG fined by regulator for price fixing - 2 views

www.bbc.co.uk/...business-16540678

shared by Edward Pearson on 05 Jun 12 - No Cached

secret meetings in 2008 and 2009
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The companies face a penalty of 44.6bn won ($39m; £25.2m), said the Fair Trade Commission (FTC).
- Edward Pearson on 05 Jun 12
  
  -highly illegal -inefficient, lack of competition
  
  <div class="cArrow"> </div><div class="cContentInner">-highly illegal -inefficient, lack of competition </div>
  
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"Their price rigging caused damage to many consumers by leading the prices of washing machines, flat-panel TVs and laptop computers to rise
- Edward Pearson on 05 Jun 12
  
  effectively monopoly - easier to controll prices -non-kinked demand curve
  
  <div class="cArrow"> </div><div class="cContentInner">effectively monopoly - easier to controll prices -non-kinked demand curve</div>
  
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...1 more annotation...
South Korea's antitrust regulator has fined Samsung Electronics and LG Electronics for conspiring to fix the prices of some appliances.
- Edward Pearson on 05 Jun 12
  
  explicit collusion - effectively becomes a monopoly
  
  <div class="cArrow"> </div><div class="cContentInner">explicit collusion - effectively becomes a monopoly</div>
  
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Edward Pearson on 06 Jun 12

This could be my IA article - colluding oligopoly and monopoly

<div class="cArrow"> </div><div class="cContentInner">This could be my IA article - colluding oligopoly and monopoly</div>

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7More

Monopoly blamed for beef costing far more - The Standard - 1 views

www.thestandard.com.hk/news_detail.asp China monopoly

shared by Mattias Lindell on 31 May 13 - No Cached

Ng Fung Hong is to blame.
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HK$3,097 per picul - around 60 kilograms - but local retailers have to fork out HK$4,690 per picul instead.
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s a result, the unfair practice has resulted in the closure of four beef shops since Lunar New Year.
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By following what we did in the pork market, we will be able to gradually bring down the price of beef to a reasonable level
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They would be making a profit of HK$516,750 every single day at the expense of our beef sellers
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Critics were also quick to highlight the flaws in a government document released last week investigating the supply of fresh beef
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"Besides failing to account for the price differences, the document does not say where it got the data from
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21More

BP, Shell raided over alleged price fixing | News.com.au - 1 views

www.news.com.au/...story-fnda1bsz-1226642946822 pricefixing EU shell BP

shared by Jin Seo on 12 Jun 13 - No Cached

cartels
- Jin Seo on 12 Jun 13
  
  formal collusion; cartels are group of competitive firms colluding together to act as a monopoly - why is a monopoly market structure attractive to producers?
  
  <div class="cArrow"> </div><div class="cContentInner">formal collusion; cartels are group of competitive firms colluding together to act as a monopoly - why is a monopoly market structure attractive to producers?</div>
  
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market manipulation
- Jin Seo on 12 Jun 13
  
  The act of artificially inflating or deflating the price of a security
  
  <div class="cArrow"> </div><div class="cContentInner">The act of artificially inflating or deflating the price of a security </div>
  
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prices of crude oil, refined oil products and biofuels purchases and sales, potentially harming final consumers
- Jin Seo on 12 Jun 13
  
  oil- one of the most inelastic goods due to its high demand and usage in producing a lot of consumer goods
  
  <div class="cArrow"> </div><div class="cContentInner">oil- one of the most inelastic goods due to its high demand and usage in producing a lot of consumer goods </div>
  
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price fixing
- Jin Seo on 12 Jun 13
  
  price fixing = market manipulation
  
  <div class="cArrow"> </div><div class="cContentInner">price fixing = market manipulation </div>
  
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BP, Shell and Norway's Statoil
- Jin Seo on 12 Jun 13
  
  what sort of market structure are they in? oligopoly and their tendency to collude = because they are profit maximizers
  
  <div class="cArrow"> </div><div class="cContentInner">what sort of market structure are they in? oligopoly and their tendency to collude = because they are profit maximizers </div>
  
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European Commission
- Jin Seo on 12 Jun 13
  
  have monitoring for these companies due to high probabilities of collusion
  
  <div class="cArrow"> </div><div class="cContentInner">have monitoring for these companies due to high probabilities of collusion </div>
  
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collude
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prevented others from participating in the price assessment process
- Jin Seo on 12 Jun 13
  
  fairly high barriers to entry - one of the characteristics of an oligopoly
  
  <div class="cArrow"> </div><div class="cContentInner">fairly high barriers to entry - one of the characteristics of an oligopoly </div>
  
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the market vulnerable to abuse
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Consumers need to know that the prices they pay for their energy or petrol are fair, transparent and not being manipulated by traders
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High oil prices are crushing families across Britain
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market transparency
- Jin Seo on 12 Jun 13
  
  EVALUATION: what would the evaluation contain? - is it good or bad? (for consumers (benefits of colluding) and producers) - BP oil competition = shows how having contest ability may be dangerous - what can the governments do to stop collusion from happening?
  
  <div class="cArrow"> </div><div class="cContentInner">EVALUATION: what would the evaluation contain? - is it good or bad? (for consumers (benefits of colluding) and producers) - BP oil competition = shows how having contest ability may be dangerous - what can the governments do to stop collusion from happening? </div>
  
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Jin Seo on 12 Jun 13

Price fixing of oil companies in the EU

<div class="cArrow"> </div><div class="cContentInner">Price fixing of oil companies in the EU</div>

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19More

India Seeks Increase in Penalty on Coal India - WSJ.com - 2 views

online.wsj.com/...3830204577447981755673266.html

shared by Nich Fabrici on 06 Jun 12 - No Cached

- Nich Fabrici on 06 Jun 12
  
  Increase in Penalty Due to Decrease in supply.
  
  <div class="cArrow"> </div><div class="cContentInner">Increase in Penalty Due to Decrease in supply.</div>
  
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- Nich Fabrici on 06 Jun 12
  
  Title is nearly insignificant. Focusing on the decrease in supply to the consumer, and not the increase in penalty.
  
  <div class="cArrow"> </div><div class="cContentInner">Title is nearly insignificant. Focusing on the decrease in supply to the consumer, and not the increase in penalty.</div>
  
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Coal India,
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80% of India's coal needs
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stagnation in coal output growth
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- Nich Fabrici on 06 Jun 12
  
  Growth of Firm is Decreasing, decrease in supply. Also meets 80 percent of coal needs, demand is high
  
  <div class="cArrow"> </div><div class="cContentInner">Growth of Firm is Decreasing, decrease in supply. Also meets 80 percent of coal needs, demand is high</div>
  
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environment clearances
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supply shortfall
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educed electricity generation
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ndia's 200-gigawatt electricity generation capacity is coal-based,
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- Nich Fabrici on 06 Jun 12
  
  They are a MONOPOLY- they rule more then 50% of they Coal Market in India
  
  <div class="cArrow"> </div><div class="cContentInner">They are a MONOPOLY- they rule more then 50% of they Coal Market in India</div>
  
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increased supply of coal
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economic growth
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- Nich Fabrici on 06 Jun 12
  
  Although Economic Growth is Macro, it shows a strong correlation between the two.
  
  <div class="cArrow"> </div><div class="cContentInner">Although Economic Growth is Macro, it shows a strong correlation between the two.</div>
  
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The government earlier this year directed Coal India to sign pacts with the utilities that became operational after April 2009,
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- Nich Fabrici on 06 Jun 12
  
  Government has Intervened- declaring that it will be a Monopoly after signing packs.
  
  <div class="cArrow"> </div><div class="cContentInner">Government has Intervened- declaring that it will be a Monopoly after signing packs.</div>
  
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as was the case in the previous supply pacts.
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14 power producers out of a total of about 40 utilities that are likely to sign pacts.
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- Nich Fabrici on 06 Jun 12
  
  MAXIMUM PRICE SUBSIDIES?
  
  <div class="cArrow"> </div><div class="cContentInner">MAXIMUM PRICE SUBSIDIES?</div>
  
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7More

Microsoft posts first loss as public company - Business - Al Jazeera English - 1 views

www.aljazeera.com/...201272025825238800.html microsoft microeconomics economics

shared by Jin Seo on 31 May 13 - No Cached

Microsoft
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- Jin Seo on 31 May 13
  
  Example of a real life monopoly
  
  <div class="cArrow"> </div><div class="cContentInner">Example of a real life monopoly </div>
  
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- Jin Seo on 31 May 13
  
  Total cost > total revenue
  
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net loss of $492m
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profit of $5.87bn
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$18bn
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Jin Seo on 31 May 13

Microsoft first loss as a public company

<div class="cArrow"> </div><div class="cContentInner">Microsoft first loss as a public company</div>

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Google 'to buy WhatsApp for $1bn' - Telegraph - 0 views

www.telegraph.co.uk/...e-to-buy-WhatsApp-for-1bn.html Monopoly Tactics

shared by Kento Watanabe on 05 Jun 13 - No Cached

8More

US complains about China import duties | News.com.au - 0 views

www.news.com.au/...story-e6frfkur-1226418618594

shared by Aili Saito on 11 Oct 12 - No Cached

car makers have been affected by the tariffs
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countries are allowed to impose tariffs to offset damage from subsidies and dumping
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successfully challenged Chinese tariffs on high-tech steel products and has also disputed tariffs on chicken products.
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...5 more annotations...
impose a tariff on US imports of low-grade Chinese tyres
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anti-dumping
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virtual monopoly
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China says curbing rare earth exports is for environmental protection, not intended to help Chinese companies.
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Chinese Commerce Minister Chen Deming said the vehicle duties were legal
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1More

allAfrica.com: Nigeria: New Electricity Tariff Takes Off Today - 1 views

allafrica.com/...201206010242.html electricity Micoreconomics Subsidies Monopoly

shared by Kat Whatley on 06 Jun 12 - No Cached

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