Project #49360 - Discussion questions week 5

i have three questions 200 word count for each question

Session 5 Devotion

 
 
During this session, competition is the  economic concept of study. From a Christian perspective, is it important to encourage competition? We often hear church congregation members discuss (brag might be a better word?) about the size of the Sunday attendance or the seating capacity of the sanctuary or even the beauty (and cost) of stained windows, etc. yet Jesus often focused on the wonder of the seemingly insignificant event such as the few coins that a widow gave at the temple or the need to include children or the loss of one sheep from a herd. Do we often focus on things that seem to put our group ahead as opposed to focusing on truly important issues like the importance of one soul or the importance of taking care of the needs of one person or one family?

Session 5 Discussion 1

 
 

Some people argue that no business should be allowed to operate as a monopoly as that gives the firm much power over the consumer and allows them to "charge any price they want". Do monopoly firms really have the power to charge any price desired? What limit exists for the monopolist?

Session 5 Discussion 2

 
 

Firms that operate in industries that have the characteristics of monopolistic competition advertise heavily just to get their brand names known and try to convince customers that their products are "unique" while the products often are only slightly different. Do you consider this to be efficient or is much of the advertising wasted money? Can you think of some products where advertising seldom occurs when consumers could use more information?

Subject Business
Due By (Pacific Time) 12/24/2014 12:00 am
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