It is the structure of a market that leads to possibilities of an anticompetitive nature. Only in a market where practices such as tacit collusion or cartelization are helpful and necessary, will it be unfeasible for formation and maintenance of such actions as are opposed in the antitrust laws. In the case of the lysine market, a cartel was formed in order to fix prices. The condition and structure of the lysine market made it very feasible to form such a cartel with relatively little effort. However, the market conditions were also such, that they would not allow for this type of formal price-setting simply because it was not necessary to either the producer or consumer; It was a scheme to make more profits quickly. The formation of a cartel under these market characteristics, would have enabled the cartel to gain overwhelming market power, and would not fail in the same sense as Chicago economists believe all cartels will eventually destroy themselves, or succumb to other market forces. The inherent structure of the market is the guiding force behind all of the lysine producers" decisions as well as the government's decision to intervene with the enforcement of antitrust lawsuits. It is necessary to now discuss the market structure of the lysine industry to determine what forces allowed for the easy formation of a cartel, and why it was unnecessary.
The type of product within any market is of utmost importance in the firms" ability to compete and choose courses of action. Lysine is a highly standardized product. There is little or no differentiation in lysine grown in different plants on opposite sides of the world. If lysine was a product that carried certain advantages or disadvantages in its effectiveness, then more competition would have arisen. Lysine is an amino acid with a specific chemical formula designed to speed the development of lean muscle tissue. It is manufactured through bacterial fermentation, by specific "bugs" that break down dextrose from corn and soy crops into lysine.
Kurt Cobain was arguably the most influential artist in rock music. ... Kurt had a childhood like any other. ... Kurt did not like school. ... The sexist attitude bored and disgusted Kurt. ... By that time, Kurt could not take it anymore. ...
Kurt Cobain was born on Feb. 20th 1967 (which makes him a Picses) in Aberdeen, WA. His Parents Don and Wendy Cobain later devoriced in 1974 when Kurt was nine. The devorice was very hard for Kurt. Kurt also had some good childhood memories he loved to draw and play the drums. ... Kurt and his mother did not get along so he moved in with his friend Jesse Reed. ...
Kurt Cobain was indeed a legend in his own time. ... Kurt had hoped that thier second studio album would do better than their first. ... But Kurt wanted no part in it, and never signed the contract. ... First, the Heroin levels in Kurt's body was more than enough to kill him. ... In other words, Kurt would have died with the needle still in his arm. ...
Kurt was born into what seemed to be a loving middle class family. ... Kurt was a high school dropout who at age 19 decided to form a band. ... Kurt left without finishing his rehabilitation. ... In 1994 Kurt would be hospitalized for the last time. ... Kurt Cobain lead an interesting life that was cut short. ...
Kurt Cobain Kurt Donald Cobain was the leader of Nirvana, the multiplatinum grunge band that redefined the sound of the nineties. ... As a child, Kurt was always smiling and happy. ... Kurt formed numerous bands in a short time before Nirvana actually came to be in 1986. ... Kurt fell into heroin in the early 90's. ... On his death day, Kurt Donald Cobain was 27. ...
Kurt Vonnegut, Jr. Kurt Vonnegut, Jr. was born in Indianapolis, Indiana on November 11, 1922. He was the son of successful architect Kurt Vonnegut and Edith Lieber. ... Kurt Jr.'... Revisiting his birthplace in 1986, Kurt Jr. stated, "All my jokes are in Indianapolis. ...
The body of 27 year old Kurt Cobain has just been found in the greenhouse of his Seattle home. ... This book takes you back chronicling all the events leading up to Kurts death. ... Courtney herself hired a PI when Kurt went missing, Tom Grant. ... Courtney Loves own father believes that she killed Kurt or at least had something to do with it. As stapled to the back of this is Kurt's "suicide" note. ...
Diction Kurt Vonnegut is pointing out his view on what equality is and he wants us to think how extreme equality would affect us. ... Imagery In Harrison Bergeron, Kurt Vonnegut uses imagery to convey his thoughts of how handicaps affect this society. ... Kurt Vonnegut used many details to show and emphasize how different our world would be with extreme equality. Language In Kurt Vonnegut's story, Harrison Bergeron uses different words of definitions to words than we use today. ... Kurt Vonnegut dose a great job of using syntax, especially using it to show different intelligence levels o...
Did Kurt Cobain really pull the trigger? On April 5th 1994 Kurt Cobain, the lead singer of alternative rock band Nirvana, allegedly took his own life. ... My aim is not to prove who killed Kurt Cobain just that he did not shoot himself. I will start with the evidence at the house: Below is a picture of Kurt's suicide note. ... Since Kurt was not found in either of these positions I think it is safe to say that this was not the way in which the "suicide" took place and as I have already made it clear that he could not shoot himself in any other way I feel that again the only...
Author Kurt Vonnegut is often perceived as one of the greatest post-apocalyptic authors of the 20th century. ... Kurt Vonnegut submitted what would become "Cat's Cradle" as his master's thesis to the University of Chicago, who accepted it and he was awarded his Masters in anthropology. ... Kurt Vonnegut led a generation of authors into a whole new frontier of post-apocalyptic literature and in doing so spawned a whole new group of readers. ...
