Review the business proposal submitted by other Learning Team Essay

Review the business proposal submitted by other Learning Team - Essay Example This statement is apparently used to remove the idea of the tacit collusion that is generally associated with price leadership in oligopolistic markets. The paper also assumes applicability of the Kinked demand curve model for this case. The paper states that the Chrysler Group LLC’s revenue can be increased by escalating the efficiency of its operations and the quality of its products, services, and marketing strategies. This is a generic statement that needs to be elaborated. Secondly, the paper assumed applicability of the Kinked demand curve which argues that where a â€Å"kink† does exist then a marginal change in cost structure or marginal change in revenue structure will not be immediately reflected in a new quantities sold or price for the given item. The paper does not use the Kinked demand curve model in its argument. It is true that in oligopolistic markets firms have mutual interdependence. Also, a major downside of using the Kinked demand curve model is that the model does not show us what causes a new equilibrium price and quantity to be achieved, and how that happens. Nevertheless, we disagree with the paper’s analysis that because of the above two reasons, the company cannot determine the price and output level for which it can maximize its profit. The paper could have used other models such as the Cournot-Nash model that looks at firms competing on the basis of quantity. The paper therefore does not clearly state its way to establish the profit maximization quantity. The automobile industry is a typical example of a differentiated oligopolistic market. Naturally, this would mean firms have to compete on their products differentiated attributes. The author’s example of the Pentastar V6 engine illustrates this. Patenting the Pentastar V6 engine is a great example of creating an entry barrier to firms seeking to enter the market. These firms will be forced to invest heavily in Research and Development in order to come up with

How a Person Should Be Essay Example | Topics and Well Written Essays - 1250 words

How a Person Should Be - Essay Example The perception of our parents and often those of moral philosophers are shaped by the religion that they follow. Muslim parents would raise their parents in the Islamic way while Jewish parents would want their children to uphold the Jewish ideals. Even if people around us reject religion, they follow a certain moral philosopher or leader to define how a person should be raised.When I take into consideration all these views, I am often overwhelmed by these ideals. During my high school days, this overwhelming feeling often crowded out my thoughts. I was unable to decide who to follow. Incidentally both of my parents had different views about what kind of a person I should be. Since I loved my parents and other people around me who wanted to define the ideal for me, I was unable to decide how to become the ideal person for everyone. The question was how could I satisfy the ideal me for everyone around me?This question developed a rebellious streak in me and I believe this happens to m any people today. When this happens, children often begin to do completely the opposite of what is expected of them. If their parents want them to excel in studies, they go out of the way to flunk in their subjects. Though, my case never went this bad, I was able to reconcile the ideals of the different people surrounding me. I was able to do this because of one of my teachers who sat down with me and explained that every one of the people who have expectations with me wants me to be a better person. They love me and feel responsible for me. In such cases, the better person conforms to their own perception of the ideal person. When I was given this assignment, I recalled these incidences and felt that this assignment would help me understand this concept further. To further understand what people expect from other, I met with different kinds of people including my own parents to understand their ideals of what a person should be like. In this paper, I will present the main points of these differing people by discussing their own opinions and views. I will begin with my father. My father is a liberal person. He does not strongly believe in any religion. He would rather advocate the benefits of science and technology rather than religion. Therefore, it is not surprising that he wants me to excel in life and attain the most of life. He wants me to get the best education and get into the field of technology; since according to him, it is the most rewarding field nowadays. He has always indulged in my interests of computers and all other things technology related. He wants me to attend the best university. All of my life, my father expected me to excel in studies. He kept a check on my academic performance and was quick to reprimand in case I did not do so well. It was probably these high expectations from my father that forced me to rebel during my high school days. However, it was my mother, who prevented me from going over the edge. She became a source of strength for me. My mother, in all of this, loved me