A summary post us even more important in this forum given the range of Coursework

A summary post us even more important in this forum given the range of issues thathave been covered - Coursework Example market and sets high prices than the prices at which the buyers are willing to buy at leading to the restriction of supply quantity and a reduction in the demand of the consumers for the product due to the high prices (Varoufakis, 1998). One example of a monopoly is the government of Saudi Arabia that has total control for supply of oil and the whole oil industry. Other examples include Sky film that has led to increased prices in the pay television business in the UK. Inappropriate competition may result to an oligopoly, which is a form of market failure where a small number of firms dominate the market and decisions by one firms influences that of other firms in the market (Howard et al., 2009). Collusion among the firms leads to setting of higher prices and limiting of supplier affecting the consumers in the market. Examples of oligopolies include Tesco, Sainsbury, Morrisons, and Asda, which have 74.4% of the grocery market and Barclays, HSBC, Lloyds TSB, Natwest, and Halifax, which together dominate the banking sector in the United Kingdom. Inappropriate information may also result to a situation characterized by one buyer influencing the decisions of the suppliers in the market, a situation referred to as a monopsony (Ferguson, 2004). An example of a monopsony in the Natural Led Lumber Media Company where it is the only company conducting lumbering operations in Lumber town. As demonstrated in the above examples of monopoly, oligopoly, and monopsony as cases for inappropriate competition, leading to market failure, which results in the lack of a free market mechanism for allocation of goods and services demonstrated by these conditions in the

International Actors in the Middle East Since 2000 Assignment

International Actors in the Middle East Since 2000 - Assignment Example The United States invasion of Iraq is one example serves as an example of the attention that the United States has lavished on the Middle East, despite the fact that the reasons they originally gave for doing so no longer appear to be true. As Stephen Zunes explains, â€Å"WITH THE MAJOR JUSTIFICATIONS FOR THE U.S.-LED INVASION OF IRAQ †¦ NOW DISCREDITED, AND CLAIMS OF WANTING TO CREATE A DEMOCRATIC IRAQ HIGHLY DUBIOUS, THIS RAISES THE QUESTION AS TO WHAT ACTUALLY MOTIVATED THE UNTED STATES† . Some theories suggest that economic factors played a role in this invasion, but another strong driving factor was to impose American interests on the country The American occupation is not without its costs. â€Å"OVERALL, THE INSURGENCY VIOLENCE BEGAN AS, AND REMAINS, A REACTION TO THE OCCUPATION† . Such violence can be compared to that during the American Civil War or the Vietnam War, simply speaking; the inhabitants of the country are trying to get the invaders to leave. Some analysts predict that if the United States were to withdraw their troops, the violence within the Middle East would significantly decrease, as motivation against the United States military decreases. Indeed, when the United States pulled out of a similar situation in Vietnam, much of the hatred and violence dissipated . Violence continues in Iraq among the various political factions, most prominent of which are the Sunni and the Shiite. The United States has primarily provided support for the Shiites, however this poses a potential problem as â€Å"THE SOUTHERN SHIITE REGION IS A POTENTIAL POWERFUL ALLY OF IRAN, WITH AT LEAST ONE MILITIA (MAHDI) FUNDED DIRECTLY BY IRAN† . Suggestions for the future outcome for Iraq include a proposal to divide Iraq into three distinct regions, which would function autonomously. However, it appears unlikely that any such decisions will be made soon . As can be seen from the above examination, the allocation of power within the