A monopoly market player Apple

A monopoly market player Apple A monopoly market player is a firm, which is the only one existent in a market. Monopolization is when a firm has a significant control to set the prices in a multiplayer market.Advertising We will write a custom case study sample on A monopoly market player: Apple specifically for you for only $16.05 $11/page Learn More In 2005, even with more than one player in its market segment, Apple was able to sell a more expensive product and achieve 63% control of digital music players and 83% control of legal digital music download market. Such an achievement was made through leveraging on its ITunes store and stylish status of iPods. In charging high products, Apple built a premium and exclusives status for its products. Over the long term, this will create a cult like following for its products as long as the firm can keep on developing digital music players with the better technology than that of its competitors. This will require massive investment in idea and technology generation and development. Low sales numbers can easily lead to the company being bankrupt. In conclusion, charging high prices is a risky but highly rewarding option (Manikw, 2008). Diagram 1 represents a monopoly market. A monopolist is a price maker because the company does not face any competitors in such a case. Thus, there is a price inelastic demand where marginal cost meets marginal revenues, which represents the quantity for profit maximisation. The extrapolating the output up to its maximum to meet the average revenue and cost curves, we arrive at the prices P1 and P2. The total cost of production is P1Q1, while the total revenues are P2Q2; the difference is the supernormal profit. Considering diagram 2, prices decrease from P1 to P3, while quantity sold has an increase from Q1 to Q2. This is due to a different demand pattern brought about by different demographic and physiographic population factors, while a different cost pattern brought about by a change of the tax regime affects the cost pattern resulting in a different price maximizing output and different prices.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More First, for price discrimination to take place, it must be performed in different geographical markets. Secondly, market segmentation is based on different demographic and physiographic population factors. Thirdly, inelastic price elasticity of demand ensures the advantage of price discriminators (Manikw, 2008). Monopolies and oligopolies are vital firms in a country especially if they can work competitively to bring new products to the market, while providing job places. Secondly, they accumulate large amounts of capital to the benefit of economy. However, consumer and labor groups have no trust in monopolies and oligopolies achieving this economic function without government oversight. Arguments for intellectual proper ty rights include giving the right of intellectual property to its owner, who can use it for financial gain. The right to own an intellectual property is a result of hard labor and investment in creating it. Thus, development to humanity would not occur from private entities but only from the government. The socialist and economic growth would follow the government’s agenda. Margins for firms would be thin since it is a price market (Dwivedi, 2002). Every industry deserves to obtain its intellectual rights, especially considering the economic significance of motivating capital and expertise investment. In such areas as healthcare, its importance to ensuring human rights observance and proper solutions to human health problems is significant. For such markets, additional control by government authorities is necessary to balance morality and intellectual rights (Perloff, 2009).Advertising We will write a custom case study sample on A monopoly market player: Apple specif ically for you for only $16.05 $11/page Learn More References Dwivedi, D. (2002). Microeconomics: Theory and Application. India: Pearson education. Manikw, G. (2008). Principles of microeconomics: a guided tour. Connecticut: Cengage Learning. Perloff, J. (2009). Microeconomics. London: Pearson/Addison Wesley.

Family Delphinidae

Family Delphinidae Delphinidae is the family of animals commonly known as the dolphins. This is the largest family of cetaceans.Members of this family are commonly called dolphins or delphinids. The Family Delphinidae includes such recognizable species as the bottlenose dolphin, the killer whale (orca), the  Atlantic white-sided dolphin,  Pacific white-sided dolphin, spinner dolphin,  common dolphin, and pilot whales. Dolphins are vertebrates and marine mammals. Origin of the Word Delphinidae The word Delphinidae comes from the Latin word delphinus, meaning dolphin. Delphinidae Species Cetaceans in the Family Delphinidae are  Odontocetes or  toothed whales. There are  38 species  in this family.   Characteristics of Delphinidae The Delphinidae are generally fast, streamlined animals with a pronounced beak, or rostrum.   Dolphins have cone-shaped teeth, an important characteristic that distinguishes them from porpoises. They have one blowhole, which distinguishes them from baleen whales, which have a pair of blowholes.   Dolphins also use echolocation to find their prey. They have an organ in their head called a melon which they use to focus clicking sounds which they produce. The sounds bounce off objects around them, including prey. In addition to its use in finding prey, delphinids also use echolocation to communicate with other dolphins and to navigate. How Big Are Dolphins? According to the Encyclopedia of Marine Mammals, the Delphinidae can range in size from about 4 or 5 feet (e.g., Hectors dolphin and the spinner dolphin) to about 30 feet in length (the killer whale, or orca). Where Do Dolphins Live? Delphinids live in a wide range of habitats, from coastal to pelagic areas.   Dolphins in Captivity Dolphins, especially bottlenose dolphins, are kept in captivity in aquaria and marine parks. They are also kept in some facilities for research. Some of these animals are once-wild animals that came into a rehabilitation center and were unable to be released. The first marine park in the U.S. was  Marine Studios, now known as Marineland. This park began exhibiting bottlenose dolphins in the 1930s. Since dolphins were first displayed in aquaria, the practice has become more controversial, with activists and animal welfare advocates especially concerned about the stress levels and health of captive cetaceans, especially orcas. Dolphin Conservation Dolphins are also sometimes the victims of drive hunts, which have grown more widely known and controversial. In these hunts, dolphins are killed for their meat and to be sent to aquariums and marine parks. Even before that, people advocated for the protection of dolphins, who were dying by the thousands in nets used to catch tuna. This led to the development and marketing of dolphin-safe tuna. In the U.S., all dolphins are protected by the Marine Mammal Protection Act.   References and Further Information Committee on Taxonomy. 2014. List of marine mammal species and subspecies. Society for Marine Mammalogy, Accessed October 31, 2015.Perrin, W. F., Wursig, B., and J.G.M. Thewissen, editors. Encyclopedia of Marine Mammals. Academic Press.