Definition of Monopsony

Monopsony is a market structure in which there is only one buyer of a good or service. If there is only one customer for a certain good, that customer has monopsony power in the market for that good. Monopsony is analogous to monopoly, but monopsony has market power on the demand side rather than on the supply side. A common theoretical implication is that the price of the good is pushed down near the cost of production. The price is not predicted to go to zero because if it went below where the suppliers are willing to produce, they wont produce. Market power is a continuum from perfectly competitive to monopsony and there is an extensive practice/industry/science of measuring the degree of market power. As an example, for workers in an isolated company town, created by and dominated by one employer, that employer is a monopsonist for some kinds of employment. For some kinds of U.S. medical care, the government program Medicare is a monopsony.

Essay on The Pardoners Tale of Chaucers The Canterbury...

The Pardoners Tale of Chaucers The Canterbury Tales Geoffrey Chaucers The Canterbury Tales is a structured novel which starts with the narrator obtaining twenty traveling companions at an inn. They are all traveling to Canterbury to pay homage to a saint. On their way, these colorful individuals decide to make the trip more bearable by having a story telling contest. Each will tell one story on the way to Canterbury, and one story on the way back. The winner will be decided by the inns host, who is accompanying them. Unfortunately, it seems Chaucer never got to finish the novel so there is only one story from each character. However, he does a wonderful job at depicting a lively picture with each description of the characters†¦show more content†¦Chaucer also continues to state that the pardoner has a voice like a goats and bulging eyeballs. The description of his physical appearance reveals a somewhat grotesque nature. Chaucer goes on to talk about the pardoners job and also mentions that he owns relics of saints, such as th e Virgin Marys veil, with which he earns a large amount of money. Obviously, these relics are not real so it can be easily concluded that the pardoner is a fraud, and has become rich at the expense of poor peoples ignorance and gullibility. He also earns money by preaching to the congregation. By the end of the description one gets the sense that he is the epitome of a corrupt church official. The knight, who tells a romantic story of wars and knights, begins the story telling and then each person tells a different tale. After a particularly sad and unjust story told by the physician, the host asks the pardoner to tell some gay stories or jokes immediately. The pardoner responds by saying that he will tell a story with a moral, once he has had a drink and has eaten. Meanwhile, he begins talking about his job as a pardoner. When he first gets to a town, he shows the inhabitants his bishops seal, so no one will be disrespectful. Then he proceeds to show the townspeople his relics and his various cures for cattle sickness, jealousy, and even a way to increase grain production. HeShow MoreRelated Essay on Chaucers Canterbury Tales - Evil Exposed in The Pardoners Tale1093 Words   |  5 PagesThe Pardoners Tale    The root of all evil is money.   Because this phrase has been repeated so many times throughout history, one can fail to realize the truth in this timeless statement.   Whether applied to the corrupt clergy of Geoffrey Chaucers time, selling indulgences, or the corrupt televangelists of today, auctioning off salvation to those who can afford it, this truth never seems to lose its validity.   In Chaucers famous work The Canterbury Tales, heRead More Chaucers Canterbury Tales - Comparing Dishonesty in The Physicians and Pardoners Tales2137 Words   |  9 PagesDishonesty and Hypocrisy in The Physicians and Pardoners Tales      Ã‚   Chaucer presents characters in the Physicians and Pardoners Tales who are very similar to each other in one important way. Although the characters seem on the surface to be mirror images of each other, they have an important underlying similarity: both the physician and the pardoner are not what they appear to be to most people. Both are hypocritical, although they show this hypocrisy in different ways.    OneRead MoreEssay on The Pardoner’s Tale vs. The Chaucer’s Prologue619 Words   |  3 PagesGeoffrey Chaucer introduces numerous characters in the prologue of The Canterbury Tales; each character possessing a distinct personality and lifestyle. Chaucer gives insight into the lives of the characters on their pilgrimage to Canterbury. The Pardoner unfurls his thoughts and feelings giving us extended insight into his own character, by providing us with a tale of his own. In doing so, he contrasts other pious figures who are introduced in the prologue, with character traits consisting of anRead MoreThe Pardoners Prologue And Tale By Chaucer Essay1425 Words   |  6 PagesGeoffrey Chaucer’s â€Å"The Pardoner’s Prologue and Tale† is important because it demonstrates how someone with power can influence less intelligent and poor people for financial gain, which was relevant in society during the Middle Ages. In Chaucer’s story, the Pardoner uses his influence and tells a tale of three men to convince the people to pay for him to pardon their sins. Chaucer’s tale and story is often used to emphasize the moral values in our society. There are many points in the tale that areRead More Geoffrey Chaucers The Canterbury Tales Essay629 Words   |  3 Pagesthe author of a story and the story that he writes, whether intentional or not. In Geoffrey Chaucers story, Canterbury Tales, many of the characters on the pilgrimage make this statement evident with the tales that they tell. Such a distinct relationship can be made between the character of the Pardoner and the tale that he tells. nbsp;nbsp;nbsp;nbsp;nbsp;Through the Prologue to the Pardoners tale, the character of the Pardoner is revealed. Although the Pardoner displays many important traitsRead MoreHypocrisy Revealed in Canterbury Tales891 Words   |  4 PagesIn Geoffrey Chaucers The Canterbury Tales he reveals an underlying flaw in society. Chaucer portrays the Pardoner as hypocritical in order to get his message across to readers. The Pardoner is shown to be the exact definition of a hypocrite by preaching to others to lead a spiritual life, while not living by those preachings himself. In Canterbury Tales, Chaucer reveals hypocritical qualities in the Pardoner through vivid characterization, tone, and morality. In the Pardoners prologue, ChaucerRead MoreGeoffrey Chaucer View and Change on Judgement968 Words   |  4 Pagessocial aspects during the 1300s which included the church, gender differences, and hypocrisy. He wrote about these problems in a set of tales widely known as The Canterbury Tales. The first is The General Prologue which describes a pilgrimage to Canterbury that many people endure, but on this specific journey, twenty-nine different people travel together to Canterbury. He uses two types of satire to relinquish these opinions, juvenile and horacian. A general definition of satire is saying one thingRead MoreAnalysis Of John Chaucer s The Canterbury Tales 1594 Words   |  7 PagesAmanda O’Donnell Mrs. Joines English IV Honors 4 November 2014 Money and Greed: In Today’s Society and Canterbury Tales Money? Greed? A lot of people have some money at least. The everyday person doesn’t have all the money they want. Greed, by definition is an excessive or rapacious desire, especially for wealth or possession. At some point in time, there is always something someone is greedy for; it usually is money (let’s be honest, that’s the one thing people want the most.) People in today’sRead More Chaucers Canterbury Tales - Comparing The Pardoners Tale and The Nuns Priests Tale805 Words   |  4 PagesPardoners Tale and The Nuns Priests Tale    Irony is the general name given to literary techniques that involve surprising, interesting,or amusing contradictions. 1   Two stories that serve as excellent demonstrations of irony are The Pardoners Tale and The Nuns Priests Tale, both from Chaucers The Canterbury Tales. Although these two stories are very different, they both use irony to teach a lesson.      Ã‚  Ã‚  Ã‚  Ã‚   Of the stories, The Pardoners Tale displaysRead MoreEssay about Relationships in Geoffrey Chaucers The Canterbury Tales520 Words   |  3 Pagescan also be found in stories about a husband and wife. In Geoffrey Chaucers The Canterbury Tales many of the characters make this idea apparent with the stories they tell. In â€Å"The Pardoner’s Tale†, a distinct relationship can be made between the character of the Pardoner and his tale of three friends. Also, the Wife in â€Å"The Wife of Bath’s Tale† boldly declares her relationship towards her husband. Throughout â€Å"The Pardoner’s Tale†, the main character teaches about greed, gambling, desecration, and

Communication and Society Free Essays

Can ideas from the past be useful in our modern day problems? The answer is yes, because people do not want to repeat the mistakes their ancestors made in the past. But some of the mistakes may be repeated due to it being inevitable. After World War II, the press was free to criticize whomever they want, and it appeared to the world that our press was irresponsible. We will write a custom essay sample on Communication and Society or any similar topic only for you Order Now And when Marcos became the president, he did not want the Media to overpower him, He was the president and he thought that having been seated in the top most position he should have absolute power, he couldn’t have the media scrutinizing him for every move he makes. Our grandparents and parents use to say that Marcos reign was the prime era of the Philippines because of the good deeds he has done for the country, but little did they know that his good image is due to the fact that Marcos has a leash on the mass media to prevent news of his somewhat malicious intentions on killing journalist who publish bad news about him. Media is a politician’s biggest opponent. The use of Media might have supported the government/politicians on campaigns but when fooled or did not kept their promise, The media has the power to ruin you in an indirect manner. When a government is hiding something, it will not last long for it to come out. As technology advances, being in a progressing country, truth be told, we always get left behind when it comes to new things. We have learned to make movies from the Western World, but in the present day, why couldn’t we make movies as good as them? Why can we only make films with so little special effects? Is it because we still lack the technology to do so? The problem is with us, Filipinos already made some animation films, but due to not having met the standards of American animations, we tend to ignore it. If we have supported our own, animation might have progressed in the world of Filipino film. Why is the trend in movies nowadays having an extramarital affair with another woman? Because it reflects the society, it shows the realism about the lives of ordinary citizen in a more glamorous and sophisticated manner, and we Filipinos love that, since many of us have lives that are routine and unexciting, we spice things up a bit by imagining life through celebrities, since they have the money, the status and influence we wish we had. Why don’t we Filipinos get tired of watching the same old stereotyped characters in melodramas? Why don’t we try themes that are based on sex, crime and drugs on television shows? The protagonist always win and the antagonist is always the loser. Why can’t the antagonist win in the end, instead of dying or be imprisoned? Since most of us are all Catholics, The Filipinos are not ready to take on new themes that would contradict the belief of the Church, that evil will finally defeat the good. That is the very reason why we are trapped in a never-ending cycle of protagonist vs. ntagonist themes. We sometimes think if the news that had been reported on the television or the newspaper is really news worthy? Much likely the â€Å"Amalayer† issue, should it have stayed on youtube instead? The problem with people today is the lack of common sense. An issue concerning the â€Å"Amalayer† situation, wherein a student confronted a lady guard who was working i n a train station and that the guard was accusing her of lying. The woman was identified as a student of a known school in Manila. This was videotaped by a passenger and was uploaded in the internet, this issue became a trend in Social Networking sites such as Facebook and Twitter. Common sense would tell most of us that causing a commotion in public would easily destroy not only our reputation, but have lessen our dignity as well. Basically the role of the mass media is to inform the people and comment about the issues regarding the society, but this issue doesn’t concern us at all, it is just a dispute between a student and an employee. Will we benefit something from watching this? It was basically posted in the internet so that other people could criticize and pass judgement on the girl to how she was treating the lady guard. In our modern society, the Philippine Media clearly reflects the society, since us Filipinos are easily influenced, an example is the Korean wave in 2009, bright and colourful outfits, hairstyles that I couldn’t even describe, eating Kimchi and most of us even studied the Korean language. The television was bombarded with Korean dramas. It is not only the Korean wave but the whole purpose of the media is to influence the society, we tend to imitate what we see in television. People go to a plastic surgeon, so they can look like their favourite celebrity, some would even go to the extent of having two of their ribs remove just to have a waistline they see on supermodels walking down the catwalk. These are the circumstances that will test a person’s ethical behaviour, from what they perceive on national television, if what they will acquire is good or bad, moral or immoral, appropriate or inappropriate. Ethics not only promotes a better individual but a better society. How to cite Communication and Society, Papers

Microbiology-Difference Between a Sign and a Symptom

Question: Givie a breif discussion on microbiology-difference between a sign and a symptom. Answer: Although signs and symptoms explain the same conditions, the two concepts are completely different in terms of many characteristics (Saljoughian, 2015). According to Martin Leavey (2015), signs refer to the manifestations that the health care provider sees that gives a specific indication regarding the presence of a specific disease. Signs may include physical manifestations of the illness, injury and the disease. On the other hand, symptoms refers to the condition that the patient experiences. A symptom is one of the characteristics of the disease. It is described as what a patient experiences about a particular illness, injury and disease (Barghini et al., 2013). Symptoms help the physician to diagnose the problem. Thus, signs are objective while on the other hand symptoms are subjective. References Barghini, V., Donnini, D., Uzzau, A., Soardo, G. (2013). Signs and Symptoms. Martin, A. A., Leavey, P. J. (2015). Signs and Symptoms. InMalignant Pediatric Bone Tumors-Treatment Management(pp. 1-7). Springer International Publishing. Saljoughian, M. (2015). Signs and Symptoms.US Pharm,40(3), 50-52.