Monopoly Market and Monopolistic Competitive Market Essay

Monopoly Market and Monopolistic Competitive Market - Essay Example Each potato chip market type has its own benefits and peculiarities. Monopoly A monopoly, including the Wonks monopoly, occurs if there are no competitors. There is only one seller of a certain product type or brand in the community. Likewise, monopoly occurs when there is only one product that serves a specific need or want. Monopoly crops up when new entrants are prohibited or cannot topple the obstacles to entering a market occupied by only one seller. For example, the school allows only the school’s own bookstore to sell the students’ required textbooks. The community’s only electric power company is a monopoly. States normally admit only one tap water entity to supply the community’s water needs (King, 2011, p. 355). Under a monopoly, there are significant hindrances to entrants to the monopoly market, especially with the potato chip industry monopoly. For example, legal barriers prevent competitors from entering the monopoly market. For example, the government only allows one company the license to operate within the community, city, or state. Some states offer a monopoly license to one company to serve the water, sewer, natural gas, and electric power needs of the constituents. In other states, the government operates monopoly liquor stores and lotteries. Likewise, the United States Postal Services has a monopoly license to deliver first class mail. ... The government can ensure more accurate collection of taxes. The government has to monitor only one company supplying the water, electricity, gas, mail, and other needs of the community. The government’s tax collection efforts will be easier. The businesses have to transact with only one company in a specific market segments. The business entity has to only contact one water supply company, one mail delivery agency, or one electricity provider, for their water, mail, and electricity needs. The consumers can easily locate the only entity responsible for the supply of water, electricity, and mail services. The stakeholders will have lesser time and difficulty finding and transacting with the monopoly company serving the needs and wants of the community. Pricing under the monopoly differs from the monopolized competitive market. The monopoly company can raise its selling prices without losing its current customer base. The customers have no other alternative but to pay the higher prices. The government can step in and set limits to the monopoly company’s price increases. The government can interfere when the monopoly company’s price increases borders on abuse of the customers. Government interference is required when the price increase does not equate to the improvement of the company’s current unfavorable service (Dudey, 1996). In terms of production, the monopoly enjoys exclusive rights to sell its products and services to the current and prospective customers. Microsoft is the exclusive seller of Microsoft computer software products (Gisser, 2001, p. 211). Microsoft is the sole seller of Windows XP, Windows Vista, and Windows NT software. The company’s monopoly of the Microsoft office software forces all computer users to buy

Modern Education Essay Example | Topics and Well Written Essays - 3000 words

Modern Education - Essay Example Such reservations against the concept of personal autonomy is rooted in the thought that the idea of personal autonomy is laced by the threats of masculinist implications (Friedman, Autonomy, gender, politics, 2003), thus making them feel uncomfortable with such a notion. Over the years and especially in the past decade, those who felt such apprehensions had to face the overwhelming circumstances that place a needed sense of value to the concept of personal autonomy in terms of its critical and constructive aspects (Benson, 2005). With this, feminists have come to adhere to the concept of personal autonomy although particular aspects of the idea have to be qualified to suit the â€Å"tastes† of different groups. While the acceptance of the notion of personal autonomy may remain debatable for certain groups, there is no doubt that the feminist movement, together with much of the members of modern civilization, considers education as among the greatest endowment for women in soc iety that provides them with a sense of equality with men. Along these lines, this paper will provide a discussion based on personal autonomy being a goal of education. Specifically, this discussion will be centered on a feminist view, emphasizing education in terms of a liberalist context. First, the concept of personal autonomy will be discussed, briefly outlining its history and highlighting the views of different theorists and, in particular, of contemporary liberals on the concept. The paper shall then proceed to discussing the concept of autonomy rooted on feminist views. Finally, the paper shall highlight how personal autonomy may be advanced by education, using a feminist context. 2.0 The Concept of Personal Autonomy â€Å"A person is autonomous to the degree, and it is very much a matter of degree, that what he thinks and does, at least in important areas of his life, are determined by himself.† Dearden, Autonomy and education, 1975, p. 343. The concept of personal a utonomy traces its roots to the ancient Greek philosophy of Plato and Aristotle. Both men proposed that the rational part of the soul is its most important part and the ideal for humanity is associated with self-sufficiency and being non-dependent on other people (Backus, 2003). Kant later developed the idea of moral autonomy as having authority over one’s actions and soon thereafter, the idea of autonomy in learning has become a part of a wide range of educational philosophies and has been identified recently in educational policy to be crucial to the development of learning (Honderich, 2005). Autonomy simply resided on morals in its early years, but then views about this began to change in the 21st century. For Dworkin ( 1988 ), the concept of autonomy includes one’s overall point of view towards how one lives one’s life. He points out that each individual, whether the most learned or the most carefree, conforms to his or her own personal view of what makes li fe valuable (Dworkin, 1988). Thus, Dworkin is actually saying that each person reveals how he or she conceives goodness or the good life through his or her behavior. For Raz (1988), the concept of personal autonomy is much more specific as he emphasizes that the individual is responsible for whatever happens to his or her life. As such, an individual with personal autonomy is identified not only by his actual choices in life but by the presence of choices themselves (Raz, 1988). Therefore, an individual can really just be