Tuesday, December 14, 2010


1- Perfect Competition, or Pure Competition, is an ideal market structure.

2- Many Producers spend millions of dollars on advertising to persuade consumers into purchasing their brands/products.

3- Differentiation = Profit.

4- Oligopolies are the most common non-competitive market in the U.S.

5- Cartel: group of companies openly organized to set prices.

6- 'Laissez-faire' translates to 'Hands-off' in French.

7- The Interstate Commerce Comission primarily oversaw the railroads.

8- Federal Trade Commission Act, created in 1914; was passed to investigate charges of unfair methods of competition and commerce.

Wednesday, December 1, 2010

Introduction: Walking Alongside the Mainstream

Hi, my name is Dylan Thompson, better know among many as Thompy.

My life is my friends, the art of percussion, and the band Rush.
My favorite album of theirs, is 'Permanent Waves' (1980) -->