The potato chip industry Essay Example | Topics and Well Written Essays - 1000 words

The potato chip industry - Essay Example The change in the market structure of the potato chip industry will have a few effects upon the stakeholders. A monopoly market structure tends to risk the freedom of the consumer, but businesses can enjoy the advantages of a pure monopoly while at the same time protecting the consumer from subsequent exploitation characteristic of a monopoly. Characteristics of a Competitive Monopoly A monopoly competition is characterized by a number of distinct values. Normally, there exists a number of small businesses that produce identical goods but with minimal differences. These small firms end up having competition for their products in the market. Some of the hurdles that entrants of a business line or an industry experience include barriers involving government policies, creation of demand for products, research and development costs, and start-up and so on. However, in the case of a competitive monopoly, the firms involved do not have experience these (Ackerman, Goodwin & Weissskopf, 2009 ). Due to the demand created for their products. More often than not, demand exceeds supply for the product in question and therefore the business try to compete for a larger share of available demand. In relation to this, the potato chip industry had a monopolistic competition for their products before the lawyers came and took over the industry. The market structure for the potato chip industry experienced minimal price control due to the reason that it was a competitive monopoly. Effects of Pure Monopoly to the Stakeholders Every business has a number of stakeholders, who may have interest in the company due to one or more reasons. The stakeholders of any company include, but are not limited to consumers, suppliers, government, creditors and owners/shareholders. A pure monopoly market affects the stakeholders in different ways depending on the benefits that they attain from their relationship with the company (Hall & Liberman, 2001). When the two lawyers bought up the entire indu stry, they wanted to be able to exercise pure monopoly in the potato chips industry in Northwest region. Particularly being the sole owners of the entire industry in the region, the partners are able to enjoy price control to the detriment of the consumers of this product. This way they can maximize their profits. The consumers of the potatoes in the Northwest region will have several major adverse effects from the monopolistic practices of Wonk Company. Firstly, the prices of the potato chips will shoot up meaning that the consumers will spend more for the same products that were once affordable. For the reason that Wonk Company does not experience competition, it is possible that the products will decline in quality and as a consequence the consumers will suffer the effect. The suppliers from whom the potato chip businesses bought their products will also experience a hit. Wonk Company will attempt to practice price control of the products that they acquire from their suppliers. A s a result, many of the suppliers such as farmers will have to look for alternative markets for their potatoes. Otherwise, Wonk will buy the products at low prices and farmers will suffer the effects of the monopolistic market. Impacts of Monopoly on Prices, Output and Efficiency Davies puts forward the fact that

Roman Polanski's Macbeth Research Paper Example | Topics and Well Written Essays - 750 words

Roman Polanski's Macbeth - Research Paper Example He has been able to visually entrance the viewers into a universe of natural elements of rain and mist, gray dawns and clammy dusks, as well as transport them to an era where hoof-beats and trumpets were the only sounds that emanated from the streets of a European town. (Anderegg, M.) Polanski had a simple vision in mind while executing the movie; he wanted to make the character of Macbeth know what his actions would ultimately serve him and he has been able to deliver every character, even Macduff, with great justice. Every single person within the film seems to have been pushed by some or the other circumstance bequeathed upon them and thus every scene becomes motivated with several ideas that make the movie so enthralling to watch. A number of critics therefore say that since this film is actually an original take on the tragedy and not an interpretation of Shakespeare’s dialogues, it should rightfully called ‘Polanski’s Macbeth’. (Ebert, Roger) Many state that this film is one of the most pessimistic pieces of art made by Polanski and his final ending of having crowned another king adds to this suspicion. He has taken very few liberties with Shakespeare’s work and has aimed at orchestrating the visual content in order to transform it into a move goer’s delight while tampering with the realizations that people have while watching the film on screen. This is primarily how Polanski’s personal creative visualization sets him apart from other directors. He has also aimed to increase the roles of certain characters within the film who he feels did not get much leverage when Shakespeare wrote the play. For example, in the fifth scene, he has placed a great deal more importance on Lady Macbeth by increasing her presence on screen. This further helps to add continuity to the film as well as adds to building a sense of horror among the other characters and events that take place during the course of the film. Polanski is also