A continuing concern within physical education is the proper role and level of competition. Many of the abuses associated with organized sport are assumed to be the result of an overemphasis on competition, of a win-at-all -costs perspective. It is not uncommon for physical educators to advocate reducing competition, to replace competitive activities with cooperative activities, and to modify competitive activities in ways that reduce […]

Introduction It will be critically discussed how EU law identifies anti-competitive conduct between undertakings. In doing so, the extent to which such conduct is considered illegal will also be assessed by reviewing the case law and academic opinion within this area. Applicable textbooks, journal articles and online legal databases will be utilised by adopting a secondary research approach. This will enable a wider range of […]

In perfect competition, the market consists of a huge number of buyers and sellers and hence, a single buyer or seller, however large, can not influence the market price of a product by changing his own demand / supply of the product. All the firms produce and sell homogeneous products. The products are supposed to be identical in terms of quality, variety, color, design, packing, […]

Within the realm of industrial economics, a central focus is on equilibrium in oligopoly models, and the questions arise of how the firms would find the equilibrium and whether they will choose it. The efforts of this essay are devoted to a discussion of Court and Bertrand models of competition, two fundamental single-period models that form the basis for multi-period models (Friedman, 1977). Firstly the […]