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Essay / Research Paper Abstract
A 5 page paper which examines three market structures seen in John Steinbeck's novel "The Grapes of Wrath." The market structures examined are monopoly, oligopoly, and pure competition. No sources cited.
Page Count:
5 pages (~225 words per page)
File: JR7_RAgrpmar.rtf
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Unformatted sample text from the term paper:
the employment market when unions were not all but mandatory. It is the story of economic, as well as social, ruin in many cases. People travel and live in poverty
seeking work as they leave behind their farms that will no longer produce because of the Dust Bowl. In this story we see many different examples of various marketing structures
and economic instability. The following paper discusses examples of pure competition, oligopoly, and monopoly as seen in Steinbecks novel. Pure Competition With pure competition we have the condition
wherein there are many different groups or individuals who are all selling the same thing. In the case with this story we can well envision all of the workers offering
their services. Even though in pure competition it is generally neither the seller nor the buyer which possess a greater power, in the novel it is clearly the buyer, not
the field workers, who have the most power. But, because there are so many workers there is a pure competition among the workers as to who can get a job,
even if that job does not pay enough to eat. In many pure competition conditions it is such that particular times of the year bring in better prices for
particular products or goods than other times of the year. In the novel we note this is the reality that rules the peoples lives for they find out that there
will be no more work, anywhere, for three months. In relationship to the consequences of such a system we see, quite powerfully, that in some situations this sort of
a market structure can cause incredibly devastating results for some people. We see people starve to death because there are far too many people and far too few jobs. This
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