Friday, December 27, 2019
Literary Analysis of Fight Club - 1481 Words
Fight Club is a novel written by Chuck Palahniuk. This is a story about a protagonist who struggles with insomnia. An anonymous character suffering from recurring insomnia due to the stress brought about by his job is introduced to the reader. He visits a doctor who later sends him to visit a support group for testicular cancer victims, and this helps him in alleviating his insomnia. However, his insomnia returns after he meets Marla Singer. Later on, the narrator meets Tyler Durden, and they together establish a fight club. They continue fighting until they attract crowds of people interested in the fight club. Fight club is a story that shows the struggles between the upper class and lower class people. The upper class people hereâ⬠¦show more contentâ⬠¦This quote explains how both classes see each other, the working class consider themselves as guerilla terrorists who attack the upper class, while the upper class sees the working class as cockroaches that can do nothing an d can be eliminated any time. The upper class people despised the working class people as they considered them as servants to serve them at any time. Another example that highlights the conflict between the classes in the story is the scene where Tyler splices pornography into the films he airs. He uses his position as a projectionist in the movie theater to include split seconds of pornography into movies watched by the upper and middle class people. He enjoyed doing it because he had nothing to loose, he was the ââ¬Å"the pawn of the world, everybodyââ¬â¢s trashâ⬠(Palahniuk 106). He included pornography in the movies the upper class people watched just to get back at them by exposing them to pornography without their knowledge and consent. Exposing them to pornography without their knowledge was a way Tyler used to reverse the conventional roles of the society. The working class was proving to the upper class that they could oppress them if they want to and this was done through Tylerââ¬â¢s actions. Tyler used his position to do as he wished and the upper class people could do nothing about it rather, they watched the pornography in the movies. In addition to struggles between classes, Palahniuk explores the theme of destruction in his book. Creation throughShow MoreRelatedFreudian Criticism Of Oedipus Complex1130 Words à |à 5 Pageson the anaclitic model; the boy deals with his father by identifying himself with him (The Ego and the Id 20). In Fight Club, we get a small glimpse into what the Narrators childhood was like, as well as what his relationship with his parents was like. At one point, Tyler says, Our fathers were our models for God. If our fathers bailed, what does that tell you about God? (Fight Club), which tells us that the Narrators father abandoned him at one point in his life (we know this because Tyler andRead MoreFight Club By Chuck Palahniuk1442 Words à |à 6 PagesFight Club At first glance, Chuck Palahniukââ¬â¢s award-winning novel Fight Club gives the impression that it is a simple story revolving around a man who struggles to manage his insomnia. However, a deeper literary analysis will show readers that the novel is much more than that. Fight Club is actually a cleverly written novel that contains many elements of Marxist and psychoanalytic theories throughout the storyline. Marxism is based on the concepts of Karl Marxââ¬â¢s theories that focuses on class relationsRead MoreSummary Of The House Of The Spirits 1651 Words à |à 7 Pagesreact. During the patriarchal society, women were a manââ¬â¢s possession. They had few rights and were exploited and sometimes rejected by men (Metzger). Clara doesnââ¬â¢t put up with disrespect from any man and when her husband, Esteban, hits her during a fight, Clara never speak a word to him again (Allende 223). With this act of cruelty on his part it allowed Clara to escape to her own world of solitud e, a spiritual world where Esteban cannot follow her. This world is without rules, without structure, noRead MoreThe Doubles Creation as a Necessary Anti-Hero Essay2045 Words à |à 9 Pagespurely literal light. A psychological viewpoint is appropriate to my research paper for the fact that each of the prime instances of doubling I aim to discuss occur unconsciously. The intentions of the originals, in my case Jack from Fight Club and Ivan from The Brothers Karamazov, that lead to the creation of their doubles lie deep within their psyches and are unacknowledged by the character. I aim to explain what occurs inside the depths of a characters mind leading up to the situationRead MoreThe Heart Is a Lonely Hunter Literary Analysis1787 Words à |à 5 PagesAn Analysis of The Heart Is a Lonely Hunter The Heart Is a Lonely Hunter, by Carson McCullers, is written in third person point of view. However, the perspective switches between five characters. This novel is classified as a Southern Gothic novel. It explores isolation, religion, and race and racism. Throughout the novel, we see the charactersââ¬â¢ isolation from society and the affects of isolation on these characters. The theme of religion is also portrayed, mainly in the character of John SingerRead MoreLiterary Analysis Of Jack Londons The Call Of The Wild707 Words à |à 3 PagesThe Call of the Wild Literary Analysis Have Have you ever read The Call of the Wild? The Call of the Wild by Jack London it is a story about a dog name Buck that transformation from a pampered pet to a fierce,masterful wild,animal, and this transformation naturally means that the canine protagonist gradually separates himself from his human masters on his way to achieving a final independence. Nevertheless, The Call of the Wild ultimately offers an ambiguous,rather than negative, portrait of Buckââ¬â¢sRead More A Literary Analysis of Robert Cormiers The Chocolate War Essay870 Words à |à 4 Pages A Literary Analysis of Robert Cormiers The Chocolate War nbsp; nbsp; The Chocolate War is a story which takes place in New England in the 1970s. Most of the events happen in a Catholic school. Since this school was exclusively for boys, they were constantly trying to prove their power over each other. The story is told in third person omniscient. The storys mood is suspenseful. With each page turn one wonders if Jerry will take or refuse his chocolates. The protagonist of thisRead MoreVersions of the Gangs of New York: A Comparative Analysis965 Words à |à 4 Pagesï » ¿ Whenever a work of literary nonfiction is adapted by filmmakers for the silver screen it is inevitable that certain truths will be stretched and liberties taken in the name of creative license. This is undoubtedly true in the case of journalist Herbert Asburys The Gangs of New York: An Informal History of the Underworld, a seminal piece of investigative reporting weaved with lyrically lurid prose describing the debauchery, squalor and institutionalized barbarism of the era. Pub lished in 1928,Read MoreHonors Literary Analysis : The Time Periods, Geographical Location, Historical / Social Context )1195 Words à |à 5 PagesHonors Literary Analysis January 21, 2015 Name: ____Tucker Mason_______ Title: ___________Go set a watchman_____________ Author: __Harper Lee____________ Genre: __Fiction_______ Setting (ANALYZE the time period, geographical location, historical/social context) The setting can best be describe has a quiet rural town in alabama during the 1950s. From the time period we can tell there are still racial tensions. We learn that almost all the people in maycomb county are part of the KKK. CharacterRead MoreLord of The Flies Essay1673 Words à |à 7 PagesLord of the Flies was published in 1954 by William Golding. Today Lord of the Flies is a well known literary criticism. Many schools require their students to read Lord of the Flies because of the literary criticisms in the book. In this paper three themes or literary criticisms are talked about: good vs. evil, symbolism of characters, and maturity of characters. Another topic in Goldings Lord of the Flies is the battle of good vs. evil. Everything seems to start out just fine on the island; the
Thursday, December 19, 2019
The Issue Of Gun Control - 1420 Words
ââ¬Å"Over the past decade in America, more than 100,000 people have been killed as a result of gun violence. Millions more have been the victim of assaults, robberies, and other crimes involving a gunâ⬠(ââ¬Å"FACT SHEET: New Executive Actions to Reduce Gun Violence and Make Our Communities Saferâ⬠). Gun Control is one of the main political issues that has been debated for years now; Guns have led to the mass increase of fatalities and deaths in the U.S. today, being a controversial issue for the past decade. From assassinations, to mass shootings, and homicides, every time guns and violence interact with each other the issue reemerges. As of today, the nation stands separate from the issue, taking a firm position on both sides, debating on whatâ⬠¦show more contentâ⬠¦But those who do otherwise to stretch out their constitutional rights by constant mockery to policemen, going against the law using guns to create mass shootings, and mentally ill citizens that recei ve arms without background checks, don t respect the constitution and are going against the law. Gun Control or the regulation of firearms, refers to the laws or policies that regulate the sale, possession, or use of firearms in order to control crime and reduce violence, without taking away the rights of citizens. In this case, it will be against the constitution if peopleââ¬â¢s rights were taken from them. As of law, citizens are allowed to carry weapons with a permit all law-abiding citizens can receive. But state law also states that citizens are completely prohibited carrying firearms for personal protection outside the home or place of business. Advocates of gun control want to enforce a barrier on all gun corporations by stricter gun laws having people meet requirements to receive a gun. By letting citizens purchase guns before corporations instructed policies on firearms, many people got away without having to receive a background check. In the following six months of 2001, 470,000 more people bought handguns and in 2002, at least 130,00 more background checks were conducted for concealed handgun permits than during the same six-month period a year earlierâ⬠(Lott 2). This many people who were not checked, having the access to deadly weapons were
Wednesday, December 11, 2019
Global Operations Management Ppq Parts Pros and Cons Essay Example For Students
Global Operations Management Ppq Parts Pros and Cons Essay The applications provided are the most adaptable in a business proposal; most of the customers place their focus on the strategy Of the application Which also has the most complete business portfolio. The business areas of the Oracle include: * Financial Management * Customer Relationship Management * Procurement * Supply Chain Management * Product Lifestyle Management * Asset Lifestyle Management Manufacturing Oracle pros: Database and the application have an excellent integration Useful schedule information is provided ;k Sales forecasting is very strong * Under the Oracle there is an approach that provides different products Oracle Cons: * Oracle forms are incompatible with other databases ;k Online reports seem to not be very user friendly * Most normal activities that are industry specific are not offered SAP Systems, Applications, and Products in Data Processing, this is the meaning of SAP. SAP is an Enterprise resource planning (ERP) system that is brings together different applications. Each application may accommodate a different business type area but it still makes sure that the real time information is exchanged. SAP is complex and is a more complicated (ERR) system because it requires money Who is proficient With the knowledge to program it for its intended use throughout the business. SAP operates on the fourth generation programming language, this is referred to the Advance Business Application Programming (APP)_ SAP provides four basic business areas, these business areas include: Financial business * Logistics (planning, implementing, and coordination of detail) * Human Resources * Manufacturing SAP Pros: * It is flexible With integration and has a better range Of databases versus Oracle * SAP offers merged products * The ERP solution for SAP is flexible SAP cons: The appearance for business processes is complicated * It is very difficult to actually employ SAP Being as flexible as SAP is, it can be harmful and cause unneeded risks Peoples People soft is a great system that many companys use today. People soft is part of the Oracle enterprise application, This system was designed to handle requirements tort a company that may seem to be more compounded and may require an intelligent type of software to sift through it, gay providing an integrated business solut ion to meet the industry standard by enabling organizations to boost its productivity, move forward with the business reference, and lower the cost of ownership, this application has given the ability to provide proficient knowledge from an experts point of view. These areas include: Financial Management ;k Human Capital Management ;k Supplier Relationship Management Peoples Pros: * Peoples can grow along With the company * It is web based and combines the latest features * Simplified transaction approvals * Allows to save money by excluding the 3rd party APS Peoples Cons: * People soft only has one negative; it is hard to identify components with the long purchase orders Info BAN Previously BAN was a provider of enterprise resource planning software but currently is now under the ownership of a company called Information Global Systems. In my research there are is a good amount of companies that still use the software system BAA even though more advanced systems are available at the fingertips. The Bandanna and ERP LEN are versions of the BAN and are the most spread out and widely used programs, they are still determined the top of the class for ERP mainly for the manufacturing division. Information BAN provides a path for solutions that hav e been modified in a certain way that meets he needs of any business. The functions that Info BAN can provide are: Finance * Project ;k Manufacturing * Distribution ;k Transportation * Service ;k Control Planning * Utilities BAN Pros: * Microsoft is compatible With BAN * Best in the ERP class in the manufacturing division * user interface comes with graphics and point to click features B,MN Cons: * Compared to Oracle, BAN isnt as strong. BAN relies on its compatibility with other platforms * ERP areas are limited Microsoft Dynamics Microsoft has always had great reputation for software systems. Material Requirement Planning (MR..), Capacity Requirement Planning (CRAP), and Enterprise Resource Planning (ERP) all are offered in the Microsoft package. .u2c33147a4dfbd4d232cae74992ecdc20 , .u2c33147a4dfbd4d232cae74992ecdc20 .postImageUrl , .u2c33147a4dfbd4d232cae74992ecdc20 .centered-text-area { min-height: 80px; position: relative; } .u2c33147a4dfbd4d232cae74992ecdc20 , .u2c33147a4dfbd4d232cae74992ecdc20:hover , .u2c33147a4dfbd4d232cae74992ecdc20:visited , .u2c33147a4dfbd4d232cae74992ecdc20:active { border:0!important; } .u2c33147a4dfbd4d232cae74992ecdc20 .clearfix:after { content: ""; display: table; clear: both; } .u2c33147a4dfbd4d232cae74992ecdc20 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u2c33147a4dfbd4d232cae74992ecdc20:active , .u2c33147a4dfbd4d232cae74992ecdc20:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u2c33147a4dfbd4d232cae74992ecdc20 .centered-text-area { width: 100%; position: relative ; } .u2c33147a4dfbd4d232cae74992ecdc20 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u2c33147a4dfbd4d232cae74992ecdc20 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u2c33147a4dfbd4d232cae74992ecdc20 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u2c33147a4dfbd4d232cae74992ecdc20:hover .ctaButton { background-color: #34495E!important; } .u2c33147a4dfbd4d232cae74992ecdc20 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u2c33147a4dfbd4d232cae74992ecdc20 .u2c33147a4dfbd4d232cae74992ecdc20-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u2c33147a4dfbd4d232cae74992ecdc20:after { content: ""; display: block; clear: both; } READ: Arts and Culture Sector Report EssayMicrosoft uses technology like Microsoft Office Suites, Microsoft SQL Server (data management software), and Microsoft Sharpening Server. All of these are used daily by businesses. Think PC parts would benefit from using the Microsoft Partner Network Enterprise Resource Planning (ERP) capability because PC would have an advantage of using the systems to demonstrate their proficiency in deploying Microsoft Dynamic financial and supplying chain solutions that elate to the product line functions. Also, by implementing the Microsoft package, PC would be able to increase its revenue and open up a lot more possibilities to deliver further capa bility. Microsoft Dynamic Pros: ;k Access to the real time data * Transmitting data is easy as well as safe ERP for Microsoft can be used globally * Microsoft ERP comes With high security and performance Microsoft Dynamic Cons: * Customizations that are far. Reaching may not be supported * Might not work with all industries * Not as many options offered for add-on support and features Sage 500 Sage is a great kind of software that brings together both management and financial accounting functions. They support and consolidate functions throughout the company and the software package has the intensity and span of being not only able to function with the flexibility in a way to be customized per any request but also set up to accommodate the needs of certain parts of the organization. Sage 500 is an enterprise resource planning (ERP). In a company, Sage 500 is a very helpful tool in certain areas.
Tuesday, December 3, 2019
Market Structures free essay sample
According to McConnell and Brue (2004), a monopoly occurs when a single firm is the sole producer of a product for which no close substitutes exist. Since the United States Postal Service (USPS, 2008) has no close substitutes, competition does not exist. The Postal Serviceââ¬â¢s universal service obligation (USO) is broadly outlined in multiple statutes and encompasses multiple dimensions: geographic scope, range of products, access to services and facilities, delivery frequency, affordable and uniform pricing, service quality, and security of the mail (USPS 2008). When monopolists are not protected by law from competition, the companies may have to keep their prices low in order to keep competition from entering the market. However, USPS is considered a pure monopoly and barriers of entry are in place. USPS is the only federal operating system that sends and delivers mail. USPS has competition in the market with services such as package delivery. Now, the agency has to compete with major companies such as UPS and FedEx. We will write a custom essay sample on Market Structures or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page United States Postal Services depends on operation funding from postage and fees. Comparatively, the Postal Service provides a higher level of service and does so at low, affordable prices (USPS, 2008). The University of Phoenix (UOP) is an institution for profit and it operates in a market structure with pure competition. According to McConnell and Brue (2004), ââ¬Å"pure competition involves a very large number of firms producing a standardized product (that is, a product identical to that of other producers, such as corn or cucumbers). New firms can enter or exit the industry very easily,â⬠(University of Phoenix, 2004). There are many universities, colleges, community colleges, and vocational schools for students to choose from. They offer education in the U. S. and overseas. Different educational institutions offer programs that are identical or similar to UOP. However, the tuition is not the same for all schools. UOP does not have a perfect substitute because of the many campus locations and varied degree programs. UOP does not have a significant control over the price of education. It can not change the market price; it can only adjust to it. University of Phoenix participates in Federal Student Aid grant and loan programs with attractive terms. All students seeking federal financial aid benefits must be admitted to a financial aid eligible degree or certificate program in order to determine financial aid eligibility. In order to be eligible for tuition deferment under the Financial Aid Plan, at least 50% of studentââ¬â¢s annual tuition must be funded through the federal financial aid benefits and there are extremely strict policies that the UOP must adhere to in order to be eligible for Title IV. University of Phoenix observes the federal regulations regarding student loan requirements, including pricing and non-pricing strategies. The Arizona Student Loan Code of Conduct is designed to create and ensure uniform student loan practices that focus on the best interest of borrowers. In the Arizona Student Loan Code of Conduct, restrictions are defined to manage the relationships among school employees, learning institutions, lender advisory board members, and student loan organizations. In education, universities can freely enter and existing firms can freely leave purely competitive industries. According to McConnell and Brue (2004), ââ¬Å"a few industries more closely approximate pure competition than any other market structure. In particular, we can learn much about markets for agricultural goods, fish products, foreign exchange, basic metals, and stock shares by studying the pure-competition model. Also, pure competition is a meaningful starting point for any discussion of price and output determination. Moreover, the operation of a purely competitive economy provides a standard, or norm, for evaluating the efficiency of the real-world economy,â⬠(University of Phoenix, 2004). Nike is an example of a monopolistic competition. This type of market structure has many sellers. Each firm in this market sells only a small share of the industryââ¬â¢s output. The key to this is product differentiation. While there are many firms selling similar products, itââ¬â¢s the price and quality differentiation that makes the consumer choose one product over another. (Forgang Einolf, 2006) These markets are extremely competitive and each manufacturer tries to appeal to the consumer on a different level of expert service or material. (University of Phoenix, 2004). The Nike swoosh has certainly become a brand mark that consumers are willing to pay a higher price for, however, Nike must also consider the current economy and the value offered for that higher price. Their products must truly be manufactured with superior quality and materials. Nike must walk a fine line with their pricing strategy. Too high a price will cause the consumer to opt for a less expensive brand and too low a price will not offset the superior manufacturing or costs paid to athletes to endorse or assist with design on the product. Therefore, Nike continuously battles between a relative price for the average consumer and making an acceptable profit. Also, Nike must constantly put a new, trendy product on the market. Styles must change frequently and certain quantities of the product must be produced without saturating the market with similar products. The niche Nike has chosen is to eliminate certain styles within a time frame therefore, causing the consumer to upgrade to the newest, latest, styles. The J. C. Penny Company, commonly known as ââ¬Å"Pennies,â⬠is an American department store aligned with the practice of oligopoly. The characteristics of oligopoly have commercial groups entwined in price collusion while refusing to compete on the basis of price. It was noted by McConnell and Brue that commercial groups ââ¬Å"share of the total market is typically determined through product development and advertisement,â⬠(University of Phoenix, 2004). In short, oligopoly happens when a certain market is manipulated by small commercial groups. In most cases, there are two or more commercial groups controlling the market. Pennies is a retail store that carries a wide verity of health and beauty products, fine jewelry, electronics, clothing for infants, teenagers, men and women, and home decor. In most cases, oligopolies would avoid using price cutting methods. Oligopolistic commercial groups are highlighted by the existence of several commercial groups having significant portions of the market. Those commercial groups buy into calculated behavior and they have a hard time existing without each other. Consequently, the actions of one commercial group can be directly affected by the moves of rival groups and the products they produce may virtually be nearly uniform or meaningful. Another example of an oligopoly (overt) is the OPEC cartel. According to Kaplan (1999), an oligopoly is an industry that is dominated by a few firms that display highly coordinated behavior and examples of oligopoly include the auto and oil industries. Concerning the oil industry, the oil cartel OPEC (Organization of the Petroleum Exporting Countries) is a pure example of an oligopoly. OPEC is the alliance of thirteen countries that have significant influence on the price of international oil and ââ¬Å"creating a balance between oil supply and demandâ⬠(Iran, 2008). Generally, oligopolies operate in collusion or employ price leadership. OPEC relies on these secret agreements (collusion) to govern oil in the international market. Additionally, these countries can unify and offer prices ââ¬Å"in response to changes in costs or demandsâ⬠, making other firms react quickly (Kaplan, 1999). ââ¬Å"It is not uncommon to see several gas stations on the same block with identical prices even though they appear to be in a very competitive environment. If one stations cuts the price per gallon, the others must quickly follow of they will rapidly lose market share as consumers switch to the lower priced stationâ⬠(Kaplan, 1999). This uniformity still does not have the power to ignore consumer taste. When examining the dynamic history between OPEC and consumers, it is clear that there is a cause-and-effect for OPECââ¬â¢s decision. For example, OPEC has famously used oil as a leverage tool to importer nations. In 1973, OPEC and a supplementary organization decided to place an embargo on oil and subsequently raised the price of crude oil. However, Western nations transitioned creatively as they found new oil markets in other countries. Thus, the price hike did not have much bearing on the Western nations. The monopolist seeks maximum total profit, not maximum price. The monopolist shuns higher price because they yield a smaller-than-maximum total profit. Some high prices that could be charge would reduce total sales and total revenue too severely to offset any decrease in total costâ⬠(McConnell Brue, 2004). Moreover, OPEC miscalculated production and consumer demand for oil, which resulted in too much oil production in the world market. Thus, prices began to decline due to surplus while OPEC lost much revenue and division because of competing opinions on oil prices and arguments about oil production. Recently, the 9/11 attacks and the Iraqi invasion prompted world oil prices to rise higher than OPEC quotas, which severely impacted the purchase price to Western consumers. Yet, automobile firms began vehicles with alternative fuel options, hybrid models, and decreasing the retail prices of vehicles during the economic recession. Additionally, many consumers have reacted to price hikes by using public transportation, carpooling, purchasing hybrid or alternative fuel vehicles, and/or moving closer to the city. Lastly, Western importer nations are discovering new oil markets separate from OPEC. Still, collusion allows OPEC to ââ¬Å"reach agreements to fix prices, divide up the market, and otherwise restrict competition amongst themselves. By controlling price through collusion, oligopolists may be able to reduce uncertainty, increase profits, and perhaps even prohibit the entry of new rivalsâ⬠(McConnell Brue, 2004). In respect to todayââ¬â¢s global economic condition, a recession can severely disable a cartelââ¬â¢s ability to manipulate output and increase profits. ââ¬Å"Long-lasting recession usually serves as an enemy of collusion because slumping markets increase average total cost. Firms find that they have substantial excess production capacity, sales are down, unit costs are up, and profits are being squeezed. Under such conditions, businesses may feel they can avoid serious profit reductions by cutting price and thus gaining sales at the expense of rivalsâ⬠(McConnell Brue, 2004). As recently as November 2008, OPEC is considering reducing oil output. ââ¬Å"But if crude prices continue to fall, then an additional OPEC cut may be needed. ââ¬Å"The producer group agreed to cut output from November 1 by 1. million barrels per day (bpd) after oil prices dived from a July record of $147 a barrel to less than that. Venezuela said on Tuesday it will propose another cut of 1 million bpd at the cartelââ¬â¢s next meetingâ⬠(Iran, 2008). Thus, ââ¬Å"investor concerns over further declines in crude oil demand under the impact of the global financial crisis have kept pressing recent oil prices lowerâ⬠(Iran, 2008). With the drop in gas prices, consum ers are able to purchase more gas based on oil price reduction, income, and inelasticity of gas as a resource. In the Market Structures Simulation, Quasar starts as a leader in the industry with its technology. Quasar has the monopoly on the market at the start of the scenario. After the initial surge of manufacturing and selling the products, Quasar realizes it must invest in advertising and upgrades to production to keep the edge. Orion begins to produce a similar product at a lower price. Quasar must understand that stabilizing the price at this time will create an oligopoly market structure and stabilize the industry. As Quasar adjusts its price accordingly, profits stay steady and Quasar is able to invest in its own branding and innovation once again. As time goes on, we see Quasar move to a perfect competition where inventory is reduced, manufacturing processes are improved, and prices are stable. At this point, Quasar needs to maintain its market share by staying on top while continuing to increase the efficiency of its processes to maximize profits.
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