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Given that monopolists have control over price, quality, and output, they therefore maximizes on the economic returns. In the short-run, monopolists enjoy supernormal profits given that they are price makers. Monopolists are profit maximizers and choose their equilibrium level of output and price at the point where marginal revenue equals to marginal cost (MR=MC) (Stackelberg, Bazin, Urch, & Hill, 2011). A practical example of industries that enjoy monopoly power is the electricity and power generation industries. The energy sector enjoys patent rights and protection that give it monopoly power. Therefore, the industry only prices at the point where marginal cost of production matches marginal revenue generated from the sales.
Under perfectly competitive market, the equilibrium prices are naturally determined by the market forces of demand and supply with no single player having power to influence the prevailing prices, hence no price exploitation (Goldberg, 2000). Secondly, this market structure is characterized by production and allocative efficiency since they produce at the point where price equals marginal cost (P=MC) and produces quality products that are homogeneous in nature (Stackelberg, Bazin, Urch, & Hill, 2011). This market structure therefore produces a pareto optimal level of output and price that eliminates dead weight loss to both consumers and suppliers. One of such markets includes textile manufacturing industry that is characterized by free entry and exit. Given many buyers and sellers, consumers therefore benefit from high quality cloths and clothes at relatively affordable prices as no seller will benefit by increasing price above the equilibrium market rates.
Monopolistic Competition is a media form of market structure that is dominated by advertising. This owes to the fact that monopolistic competition market structure deals in
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His home life consists of a messy public divorce and an affair with a US Senator’s daughter. The antagonist, Bruno, offers a deal in which the two men trade murders. Bruno will kill Guy’s wife if Guy will murder Bruno’s father, allowing Bruno to inherit a fortune.
Staging has a great influence on the minds of the audience as it goes through the movie. The surroundings of the characters create an impact on the watcher and tend to control as to what he should feel or perceive. The art of direction includes the manipulation of the surroundings in such a manner that ensures that the audience gets the right image.
Enclosed, please find the submission for the assessment report as done in the scoping process. The report was written after a through research through secondary material on the area as well as a series of public forums, that gave very important primary and on site information.
Bazin's belief in mise-en-scne focused on realism in cinema. He preferred longer takes and "deep focus or depth of field of photography". This means the viewer could simultaneously clearly see on different planes of distance, e.g. witnessing people in a room planning a boy's future and also be able to look out the window at the unaware boy, playing in the snow.
Having indicated some of the compulsions that an international audience puts on foreign policy rhetoric, Benjamin Bates observed the significance of Bush's mass-mediated public speeches as a representative anecdote for the persuasion of this international audience.
When the filmmaker mind does that, he/she will be able to bring to reel life, the real life happenings and environment. Normally, human’s lives are composed of situations and incidents which sounds interesting, inspirational, innovative,
In fact we should rather call it a robotic world where everything is so scientific and mechanical that we do not even get time to look out of our windows and appreciate the creations of God; the blue sky, the green grass, the chirping birds
However, northeast central district did a profitable business with high margin as compared to other districts. The northeast district’s performance was the worst as it performance 15 % low than the gross
Rather, it is a production worthy of the masterpiece tag that gradually exposes a concealed world by just giving all the stakeholders involved – the jurors, police officers, defendants, judges and witnesses time and space
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