The industry environment and the macro environment Assignment

The industry environment and the macro environment - Assignment Example There are cost differences between the firms of cartel. For example, the firm with lower cost will sell more output and earn more profit, but this is not possible in the cartel, as cartel firms are obliged to share the profit irrespective of their cost structure. The commission has adopted a dominant strategy by threatening price fixers with extremely large fines on one hand, and at the same time, promising the whistle-blower an escape from the huge fine of 331 million pounds. This strategy is dominant because it will provide optimal results to the commission. This is because no firm will collude again due to the fear of having to pay a big amount of fine. Moreover, the existence of whistle-blowers like Micron is another negative factor. The authority will try to allot a contract to the lower bidder, because in this case it will have to pay  £ 200000 only. Whilst, bidders will try to earn maximum profit by cutting down each other, so if the contract is split up into two companies, then the authority has to pay  £220,000 which is less than  £ 300000 and more than  £ 200000. However, if one company succeeds in obtaining the contract, then the authority will have to pay  £220,000 which is again lower than  £ 300000 but greater than  £ 200000. The result of the secret competitive tendering was observed by repeated games, because the bid involves two competitors with many bidding options. Both bidders will try to earn the maximum profit by cutting back the other. Both will be afraid of making high bids, because in that case, one of them will end up losing the contract. In short, a final decision can be reached after playing repeated strategies and assessing the moves of each other. The concept of beauty care industry is as old as mankind. A man is born with the wish to look beautiful and in order to satisfy his wish, he utilizes all his

Why and how according to the Buddha should unenlightened beings try to Essay

Why and how according to the Buddha should unenlightened beings try to combat greed, hatred and delusion - Essay Example The fourth noble truth is the result of learning and practicing, which is the stage in which one becomes enlightened. The greed, hatred and delusion fall under the second noble truth. They are aspects of the causation of suffering. This paper purposes to discuss how and why the unenlightened should strive to deal with these three poisons of humanity, as perceived in Buddhism. Greed, hatred and delusion in Buddhism have commonly been referred to as the three poisons or the three fires. Other scholars of Buddhism have referred to them as the three unwholesome roots. Webster (2005 p 98) likens the three of them with evil desire. The reason for their being referred to as such is because of their nature to cause human beings to have a desire to happiness through the wrong motive. A close look at these metaphorical references to these three aspects reveals that they can be very dangerous if not dealt with from a deterministic perspective. They can induce afflictive emotions and thoughts. Buddhism teaches that the three are a byproduct of ignorance. By referring to them as a byproduct of ignorance, the teachings of Buddha point to the fact that there is a means of combating them. This way will be by applying the teachings of Buddha and practicing them so that the person who harbored them can become intelligent, or realize the fourth noble truth. Going by the fa ct that these three aspects are a result of ignorance, it is reasonable that the person experiencing them follows the recommendations of Buddha’s teachings so that they can become knowledgeable. This is to mean that the essence of combating greed, hatred and delusion is to become intelligent. This will be advantageous to the persuerer because they will become intelligent, and will have cured the disease of suffering. The Buddhist hypothesis behind greed, hatred and