Managerial Economics Article Essay Example | Topics and Well Written Essays - 250 words

Managerial Economics Article - Essay Example Huettner discusses the L&L Enterprises v. U.S Brass, a case in which the plaintiff held that the copper pipes and polybutylene pipes comprised of different antitrust product markets. On the other hand the defendant held that both copper pipes and polybutylene pipes were in similar antirust product market. Nonmetals, both the plaintiff and the defendant based their arguments on the provisions and guidelines by the Department of Justice. A wide range of microeconomic, antitrust economic as well as managerial economic literature contend that there lacks quantitative standard upon which close substitutes could be defined. Thus, practitioner divergence reflects the prevailing failure of economic theory to offer a quantitative definition of close substitutes. According to various economists, prices of close substitutes should keep track of each other such that they should have one price existing in the market. Nonetheless, practitioners are opposed to this rule. Perhaps, this explains why there has been unceasing controversy regarding the one-price rule in reference to Sun operating systems and Microsoft operating systems which sell at prices about 50 and 100 percent respectively, yet they are close substitutes. Basing on this argument, the author concludes that the one-price rule should be applied to close substitutes. This implies that close substitutes should have the same price, a price ration of one and should track each other closely over time. In addition, close substitutes should have a cross-price elasticity of unity. On the other hand, products that are not close substitutes should not keep track of each other closely over time. They should also have unequal prices as well as price ratio that differ from unity. Huettner, David A. "Antitrust Bulletin Product market definition in antitrust cases when products are close substitutes or close complements.†. Highbeam Business,

Examined Life + Judith Butler & Sunaura Taylor Movie Review - 1

Examined Life + Judith Butler & Sunaura Taylor - Movie Review Example The researcher states that the video "Examined Life + Judith Butler & Sunaura Taylor"   is very enlightening but at the same time disturbing because although contemporary society has become more embracing to people with disabilities or impairments, in the real sense, or from the perspectives of these disabled people, society is still the culprit that restrains them and confines them to a stereotyped image that as disables, there are vast opportunities, activities, and endeavors that are not simple available and accessible to them. For instance, at some point, Taylor indicated that society is somehow callous on people who need some help or assistance and are tended to be looked down upon. She cited that sometimes, she is apprehensive to seek some assistance in ordering coffee and demanding assistance and she had to sit in the park for hours just to gather the strength to do that. It is so sad to realize how society has been so selfish and have been totally indifferent to people who should have been accorded assistance without being told. The study of Neath clearly indicates that â€Å"impairments are often acquired as a result of social practices (e.g., war, interpersonal violence). There is a strong likelihood of a â€Å"disabling society† that disability will follow impairment†. The researcher believes that society imposes predefined mindsets and practices that exhibit attitudes of repression, a prejudiced predisposition in interacting with people who are physically challenged. The most disturbing input brought out by Butler was that a young man’s gait, due to its distinct peculiarity, paved a group of guys to kill him. It makes the author think that this is society’s response to the theory of survival of the fittest.