because TNB has fulfilled all the characteristics of the monopoly market structure. So, what are the characteristics of monopoly market? The first one is one seller and large number of buyer, the second one is product has no close substitute, next is price maker and the last one is barriers to entry. Therefore, why and how TNB can fulfil all the characteristic of them? First of all, I would like to explain about the barrier to entry this industry. It was a barrier to entry the electricity industry
is the only producer of a good or service for which there are no close substitutes and for which entry by potential rivals is prohibitively difficult.” (Rittenberg & Tregarthen, 2012, 253). A monopoly has monopoly power and therefore it can set the price it deems appropriate.
Theory of economic discrimination - Price discrimination The theory of price discrimination, which can be traced back to (Pigou, 1920) and (Robinson, 1933), describes the practice as selling a good at different prices to different consumer segments. A broader definition frequently used in contemporary literature comes from Stigler (Stigler, 1987) in which two or more similar goods are sold at different price ratios to their marginal cost. As Stole (Stole, 2007) explains, the marginal cost calculation
situations, various ways exist through which firms price their products and services. Some examples in day to day situations include product line pricing (e.g. BMW series), advance purchase discounts, coupons and intertemporal pricing etc. Thus, every consumer is getting a similar product or service at a different price. Why does such discrimination exist? Who benefits from such discrimination? These examples are based on the concept of price discrimination which is very common in our everyday
Price Waterhouse v. Hopkins, 490 U.S. 228, 109 S. Ct. 1775; 104 L. Ed. 2d 268; (1989). Vote: 6 votes for Prince Waterhouse - 3 votes against. Author: Adriana Romantini Legal topics: Civil Rights. - Facts. Ann Hopkins was a female and a very successful manager at the firm’s Office of Government Services. In 1982, she was considered for partnership at Price Waterhouse. Of the 88 candidates for partnership, she was the only woman and she had the best record at generating new business and securing multimillion-dollar
Nicholas Copeland and Christine Labuski provide an in-depth analysis of Wal-Mart from the perspective of anthropologists that allow readers to look behind the price tag and the patriotic color symbolism of the Wal-Mart logo. Although Copeland focused his study on politic and populism in Guatemala, and Labuski spent most of her time researching gender and sexuality, they both had conducted extensive researches inside Wal-Mart. Their anthropological way of thinking and citations from other creditable anthropologists
called as social identities. Those labels are stamped on every perspective of a person. Discriminations and stereotypes also mostly stem from those vivid marks, which have the strong influence on our behaviors to others and how we judge others. Some of them are naturally born to carry with, the others are formed from social construction. In this essay, namely, I will discuss the labels from three parts, including gender, power, and sexuality together with the events I also have come across in the path
I. Introductory Paragraph Inequality and discrimination comes in many different forms.Inequality means “the quality of being unequal or uneven”. It can stop a young women from following her dreams, or it can leave a family hungry and wondering how they’ll make it. It gives unfair disadvantages to people based on race or gender. II. First Body Paragraph When you seem smarter, more people want to hire you, when you or your parents have money, people want to please you. “In May 2013, about 39 percent
This documentary is based on a true story based on the book, Twelve Years a Slave written by Solomon Northup. In this video, both racism and sexism is heavily implied. Racism is defined as hostility towards people of a different race and it usually stems from the belief in the superiority of one’s race (Oxforddictionaries.com 2014). In this video, the concept of racism is represented in a way that the blacks are deemed powerless and are at the mercy of the white people. The slave market is targeted
color, ethnicity, national origin, age, familial status, marital status, military status, religion, disability, sexual orientation, genetic information, gender identity, and pregnancy. Despite the ordinance’s initial support, in July of the same year conservative opponents who have issues concerning the inclusion of sexual orientation and gender identity petitioned almost 18,000 signatures to move the bill as a whole to referendum. However, the legitimacy of these signatures was questioned, causing