Market structures dictate the manner of doing business or trade in the given specific areas. Monopoly is one of the most common market structures in various economies. Monopolistic market does have both positive and…
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Government’s intervention leading to monopolization of the gas and electric sectors of the given country will have positive and negative implication to the general economy. Government’s intervention in such businesses will ensure that consumers receive better services from the traders of the particular product (Tucker, 2011). Government will also help consumers exercise maximum sovereignty without any form of manipulation by the individual traders. In addition, government’s intervention in monopoly of gas and electricity will help in ensuring that consumers get quality products and that traders comply with the safety standards.
According to Rittenberg, et al (2008), the negative experience that will occur when government intervenes, forming monopolies in gas and electricity sectors will include high cost of production as the producer will be unable to pass the costs to consumers. When costs of production rises, producers will strive to limit the use of raw materials and this may compromise innovation. Furthermore, government’s intervention in monopoly of gas and electricity may lead to skyrocketing of prices of the products due to the raised standards of services, which will have adverse effects to the lower economic class (Rittenberg, 2008). Moreover, government’s intervention in monopoly trade of gas and electricity will also derail research process and spirit that a company may have to develop other ways of producing the particular
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(Monopolies - Gas and Electric Essay Example | Topics and Well Written Essays - 250 Words)
“Monopolies - Gas and Electric Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/macro-microeconomics/1601726-monopolies-gas-and-electric.
The company operates in the electricity and natural gas industry. PG&E has its headquarters in San Francisco, California in the United States of America. Its products include electricity and natural gas. The company was formed out of a series of mergers and by 1952 represented a merger of approximately 520 companies.
Case Study Table of Contents Case Study 1 Table of Contents 2 Introduction 3 Reason for Change 3 Organisational Design Issue 4 Cultural Factors 6 Impact of Various Stakeholders in the Change Process 7 Strategies for Transforming Culture 8 Implication of Management and Leadership Style on Change 12 Impact of Contrasting Personality 14 Challenges Faced By PSE&G 16 Recommendations for Success of PSE&G 17 Conclusion 18 References 20 Bibliography 22 Introduction The essay will represent organisational change in one of the public companies of New Jersey named Public Service Electric and Gas (PSE&G).
Most significantly is the fact that the emissions causing negative effects when inhaled directly into the human systems. The emission contain chemical particles that include ozone, water, unburned hydrogen carbon, Nitrogen Dioxide , and The chemical makeup of emissions includes unburned, carbon monoxide, Water, Ozone, and Particulate Matter (United States, Office of Technology Assessment, Congress 99-101).
It is a subsidiary company which is wholly owned by the parent company OGE Energy, which is itself a provider of energy services and energy for natural gas as well as electricity. The missions and goals of the energy company are multifold in nature. The primary mission of the company is to contribute towards the meeting the national demand for electric utility and natural gas and look forward to achieving its goals towards the midstream infrastructure of pipelines catering to the electric utility and natural gas.
Though there may be other operating systems available, non are comparable to the system that consumers have become dependent on. The ability of Microsoft to dictate not only price, but also the products that are introduced, indeed make it a monopoly.
Other manufacturers have attempted to enter into competition with Microsoft by the introduction of competing operating systems and may have success on the edges of the market.
The main issue in the case was whether Microsoft was allowed to bundle Internet Explorer web browser software with its Microsoft Windows operating system. This led to the browsers wars since all windows users had a copy of internet explorer this
The existence of monopolies in the economy presents challenges in the delivery of services, due to the inefficiencies associated with their existence. On this platform, laws geared towards the elimination of competition in most countries are illegal, but the existence of statutory monopolies challenges this perspective.
This has left one wonder whether the electric industry is too complex for competition to work. Nonetheless, one can argue that the industry is not as complex as it may seem. Many of the monopolies are controllable since they are caused by the existing
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