What part does competition play in people’s daily lives? Playing sports is a necessary habit in everyone’s ordinary life. Playing sports not only Improves our health and wellbeing but It also teaches us important lessons of our dally lives. Tennis, Cricket, Football and Basketball are kinds of sports which require more physical ability while chess and poker are the types of sports that require more […]

In 1932, Chamberlin and Robinson proposed the model of monopolistic competition. The term was invented by them to express the idea that under certain market situations, each producer is a sort of monopolist – but between such monopolists, there exists a perfect competition. This type of market structure is a combination of elements from perfect competition and monopoly competition.  Here, there is a large numbers […]

In any given market a healthy business is one that looks for a strategy that will give it a competitive advantage over the rest of the players in the industry. This is key in penetrating the market and ensuring that it stays a notch above the others in the delivery of a good or service to its clientele. In many cases competition is quite healthy, […]

CD5590 Professional Ethics in Science and Engineering Presentation: Ethics in Supply Chain Management (SCM) Abedullah Zaman Professional Ethics in Supply Chain Management Supply Chain Management Definition: The network of retailers, distributors, transporters, storage facilities and suppliers that participate in the sale, delivery and production of a particular product. In the simplest terms, Supply Chain Management (SCM) lets an organization get the right goods and services […]

ABSTRACT Market liberalization is a modern concept adopted by many governments around the world. It has gained fame due to its ability to enhance efficiency and quality due to competition. This paper presented an analysis of the liberalization of gas and oil sectors in the United Kingdom. The analysis was limited to the level and effects of downstream liberalization of these sectors. The approach adopted […]

The model of monopolistic was a developed by Edward Chamberlain in the 1930’s and was mirrored by Joan Robinson at the same time. The theory of monopolist competition makes the same assumptions as the prefect competition model except that it assumes firms produce differentiated or heterogeneous products. Apart from this, it is assumed that there are a large number of buyers and sellers in the […]

Introduction Drug pricing is a complex phenomena. Different countries have different methodologies of pricing such as Germany has reference based pring. Canada has system of fixing pricing of patented drugs. India fix the prices of prescription drugs on the basis of cost of the drug. Cost is the main phemomena iin the pricing policies of the drugs. Pricing is important aspect of competition law also. […]

To travel markets back towards perfect competition, have to hold a really big figure of houses, complete freedom of entry, a homogenous merchandise and perfect cognition of the goods. In the short tally, the supranormal net incomes can be because there is no clip for new houses to prosecute the market. However, the supranormal net incomes will be competed by new houses in the long […]

Every one set up the concern for the interest net incomes.Firms sell goods and services through a assortment of direct and indirect channels. In order to increase the net income orto increase the gross of the house we can follow the monetary value competition or non-price competition. In the monetary value competition companies seek to pull clients entirely on the footing of merchandise price.In this […]

This is possible because a monopolistic market favours the company to the detriment of the consumer. The traits of a monopoly are high price levels, supply constraints, or excessive barriers to entry. This type of market would be comprised of one supplying firm and consumers would have no choice but to purchase solely from this firm. 2.      The larger the number of firms in a monopolistic competition situation, the […]