Market structure Essay Example | Topics and Well Written Essays - 500 words

Market structure - Essay Example These include things like the resources of the ocean (for example, fish) and the environment. Both of these resources can be impacted on by the way in which they are used thereby reducing the number of fishes or the quality of the environment. If a good is excludable but not rival it is a natural monopoly. Public goods like common resources are not excludable. They are available for the use of everyone free of charge. Common goods like private goods are rival goods because one person’s consumption reduces other persons’ consumption. Natural monopolies like private goods are excludable because persons’ can be prevented form consuming the good. According to Pashigian (1997) a natural monopoly exists when a given quantity can be produced by a single firm at the lowest cost. Bank of America is a financial institution offering financial services. Some of its financial services are non-excludable because anyone can access them. However, customers can be prevented from accessing loans if they do not qualify in terms of their ability to pay. The services that the bank provides are also non-rival because one person’s use of the service does not reduce other persons’ use of the service. It therefore means that Bank of America is not a natural monopoly because it is non excludable. Neither does the institution provide a private good because its services are non-rival.

Land law problem question Essay Example | Topics and Well Written Essays - 2750 words

Land law problem question - Essay Example The three of you were pursuing an accountancy course at the time and hoped to establish the accountancy firm as soon as you completed the course and in the event employ other relatives. However, since Ben and Clare realized they could not raise enough money to complete their course after the purchase they acquired a mortgage of ?250,000 from Macau Bank against the property. You, Amy, signed a waiver form of the bank to enable the loan application to go through, though you may not have sought legal advice before doing so. Ben subsequently died in 2010 and Clare re-mortgaged the house for ?50,000 to Taiwan Bank in order to take additional training in order to cover for the loss of Ben’s expertise. This she did acting as the sole owner of the property without you being consulted. Now in 2011 Clare has decided that she is no longer interested in the accountancy firm and has fallen behind on mortgage repayments. You, Amy, on the other hand is still interested in pursuing the origin al objective of starting the family accountancy firm. Your Current Situation Your first challenge as Amy is to prove ownership of the property even though you were not registered as the owner having entrusted the registration to your older cousins Ben and Clare. ... to register a registrable disposition of a registered estate must provide to the registrar such information as the rules may provide about any unregistered interest affecting the estate which— (i) falls within any of the paragraphs of Schedule 3, and (ii) is of description specified by the rules (Land Registration Act, 2002, 6 (71) (a-b). What all this means is that in your case, you do have an interest in the property that was registered and that was supposed to be stated out-rightly at the time that your two cousins were getting registered in trust to own the property that your interests are included. Whether this was done or not should be confirmed by you. However, given the events that subsequently took place, it is quite clear that your interests were catered for during this registration. A look at the mentioned Schedule 1 and Schedule 3 shows that the interest of a person in actual occupation of the property is catered for (Land Registration Act, 2002, Schedule 1(2). Sin ce you have an interest in the house and the land on which it sits, and you actually occupy it, this provision covers persons such as yourself. Considering the evidence that your interests were included I glean as follows. First of all, you were asked to sign the waiver form when your two cousins were applying for the mortgage from Macau bank. Signing the waiver basically means that in case of failure to repay the mortgage, then the entire house, including your share of it, could be attached to recover the outstanding dues (Degeling & Edelman, 2008, 31). The second indicator was that when Clare sought a second mortgage from Taiwan Bank you should have been consulted save for the pain you were in. This means that your interest was taken into consideration even at this point. That being the case