Contact Us
Sign In / Sign Up for FREE
Go to advanced search...
Nobody downloaded yet

Global Marketing Issues The Power Of Monopolists - Assignment Example

Comments (0) Cite this document
This paper "Global Marketing Issues – The Power Of Monopolists" focuses on the fact that in a market economy, prices give signals, provide incentives, ration and convey information. The paper dwells on how well prices carry out these functions with specific reference to the provision of goods. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.3% of users find it useful
Global Marketing Issues The Power Of Monopolists
Read TextPreview

Extract of sample "Global Marketing Issues The Power Of Monopolists"

Download file to see previous pages Prices also provide incentives and convey information in a market economy. Take for instance the Sorghum beer in the 1990s. The price of the Sorghum beer in relation to consumers’ perception of the product leads consumers to buy beers that are imported. The price created a negative perception of the beer as a drink only for poor people.

A monopolist will not produce where the demand for a product is elastic—that is when the sensitivity of the quantity of the product demanded is high in relation to its price. The main characteristic of a monopoly is that it has the power to influence price being the sole producer in an industry; therefore the higher the level to where it raises its price, the more drastic will be the decrease on the quantity demanded of its product. This decrease can lead to losses, which defeats the very purpose of its control on prices to gain more profits.

In a perfectly competitive market, no single player has the power to influence the price level; because the are many players in the market, the demand for the goods of a single firm seems to look very elastic, as when it tries to influence the price the consumers can buy from other firms offering the same goods. Given this situation, any single firm that is part of the industry will sell its output only when the additional (or marginal) cost that it will incur in the sales transaction is equal to the price of the goods sold in order to maximize its profit. Until the firm’s number of outputs reaches the point where its marginal cost is equal to the average cost for all outputs, the firm will earn a profit. When the marginal cost becomes greater than the average cost that is when the firm starts to lose money.

On the contrary, in a monopoly market structure, a single firm produces all the outputs in the industry. Because consumers have but only one choice of provider for the product they need, a monopolist has the power to influence the price level.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(Global Marketing Issues The Power Of Monopolists Assignment - 19, n.d.)
Global Marketing Issues The Power Of Monopolists Assignment - 19.
(Global Marketing Issues The Power Of Monopolists Assignment - 19)
Global Marketing Issues The Power Of Monopolists Assignment - 19.
“Global Marketing Issues The Power Of Monopolists Assignment - 19”.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Global Marketing Issues The Power Of Monopolists

Global issues

...Answer Imperialism can be broadly defined as socio-political or economical domination political entities over weaker nations. While the word had considerable meaning in the eighteen and nineteen centuries when the British and other European nations has expanded their territorial rights across the world, the film Gandhi has shown that it can be replaced by the word globalization. As per the film, Gandhi had brought his own set of values in the far off region of South Africa and had practiced them in his legal profession. He had advocated non violence and had motivated the native Africans to fight against the British injustices through non violent agitations. Britain had expanded its empire by military power whereas US has primarily...
2 Pages(500 words)Essay

Global Issues- Global Revolution

...Running head: Global Revolution Tim Peters, 24th East Drive Corner Lancashire, England. 15th July 1831 Maxwell Chechen, Po box 254-104, Cape Town, South Africa. I hope this letter finds you well Maxwell. I am doing great here in England except for the exhaustion brought about by the long hours of work that is a norm here in Lancashire. Indeed, England is a great country, but unknown to most of you outsiders, the work conditions here are actually terrible. I work in the local textile industry which employs the majority of the people in this neighborhood. The pay is barely sufficient to cater for all our needs. Nevertheless, I sometimes go to work with my two sons even though the factory pays them half of what they pay adults...
1 Pages(250 words)Essay

Global issues

... in global warming. The natural causes include volcanic eruptions, solar radiations, biotic processes, and plate tectonics (Newman 23). In this topic, there are two factions with different beliefs on the major causes on climate change. Some scientists believe that the event occurs from natural factors while others believe that human activities are the most responsible for the development. However, I agree with individuals who believe that anthropogenic activities are the major contributors of climate change. With regard to solar radiations as a major cause of climate change, some scientists believe that between 3- 4 billion years ago, the sun discharged 70% of its power, which is more than it emits in the modern world (Newman 34). However...
6 Pages(1500 words)Essay

Global issues

... Global issues Research suggests that the one of the major reason behind the poor performance of a nation’s economy is the growing income inequality. Income inequality often leads to the economic instability. This may be the result of the government’s policies, which impose a negative effect on the more equal distribution of income. Gini coefficient is an effective tool used for measuring the income inequality that exists in a particular country. The value of Gini coefficient ranges between 0 and 1. The two types of inequalities are social inequality and economic inequality. The economic inequality refers to the gap that exists between the rich and the poor; whereas the social inequality is concerned with the freedom of speech, right...
2 Pages(500 words)Essay

Global Issues

...Human Security Analysis in Hurricane Katrina al Affiliation Human Security Analysis in Hurricane Katrina Human security isa topic that has garnered a lot of attention within the public domain as different security analysts seek to understand its meaning. In definition, human security refers to the protection of the public from any disaster that risks the safety of their lives. However, it is apparent that different theoretical frameworks provide different perspectives of human security hence leading to a great controversy in the issue. However, there is a concession that the government is responsible for safeguarding human security within its area of jurisdiction as part of their major responsibilities. In the Hurricane Katrina, one...
4 Pages(1000 words)Essay

Global Issues

... Global Issues A nation’s foreign policies are composed of strategies that are of self-interest that the chooses to protect its country’s interest so as to achieve its objectives and goals within its international relations (Hybel, et al. 12 ). For the correct decision regarding foreign policies to be reached, the following steps should be taken; Step 1: Examining the political environment internationally and locally – For the best policy, the political environments for the two should be well understood. Step 2: Goal setting – The goal that affects international and local political environment is determined. Step 3 – Policy options determination – examinations of the option that are available to meet the set goal(s). Step 4 – Making...
1 Pages(250 words)Assignment

Global issues

...Commanding Heights s The documentary under consideration explores the effect of globalization on economy and general well-being of the civilization. The process of globalization sparked for the first time in more than a century ago, and gained momentum in the late 20th century, turning the world into the global economy controlled by free markets. The position of Von Hayek unfolded in the documentary is based on the belief that governmental interference and control of the market isn’t needed. The theorist considered government’s participation in economic processes a threat of freedom. It had proved to be rather tenable, when used partially, as it was in the post-war Britain, where sacred nature of private property and private enterprises...
1 Pages(250 words)Assignment

Global issues

... Global Issues The Ones Who Walked Away from Omelas The issue of pursuing happiness in the presence of cruelty, pain, and evil is impossible in the contemporary society’s culture. Despite Guin Ursula’s description of the Omelas’ community happy culture, it is arguable that pain, cruelty, and evil vices cause emotional and physical suffering (Le Guin 226). Therefore, it is crucial to consider the implementation of viable solutions to the negative aspects as necessary courses in the alleviation of sufferance and creation of genuine happiness. 2. According to the author, the “ones who walk away” from Omelas include the young and old individuals who learn and disown the views held as essential for the community’s happiness (229...
1 Pages(250 words)Assignment

Global issues

Sweatshops in developing countries provide most products imported in the United s including shoes, clothing, rugs and toys. However, it is rumored that many children are subjected to child labor in the sweatshops. It is estimated that about two hundred and fifty thousand children between the age of four and thirteen work in developing countries. People should not stop the purchase of clothes imported from developing countries; instead laws should be formed and implemented to end the sweatshops. Public full disclosure should be implemented. The companies must disclose how and where products are made and also the treatment and amounts paid to the workers. The disclosure should also be backed by the independent monitoring of pay and...
2 Pages(500 words)Essay

Nuclear Power Issues

Installation and running nuclear plants is an extremely delicate operation that has profound environmental effects. The Arabian Gulf countries have to do more research on the nuclear power before embarking on the construction of nuclear plants to ensure that the environmental safety in the region is maintained.
The development of nuclear power continues in the 21st century is partly driven by the increasing demand for energy especially in rapidly developing countries. Others factors that motivate the development of nuclear energy include the need for a secure and stable source of power in addition to limiting carbon emissions released in the environment (Thomas, 64). However, nuclear installations present safety and waste manag...
7 Pages(1750 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Global Marketing Issues The Power Of Monopolists for FREE!

Contact Us