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Sunday, October 26, 200810:46 AM
here i am again. today, let's talk about relationships. (sorry is it boring you two?)
i recognised my textbook facts in my life meaning don't you think that relationships are monopolies? because once we decide to set up a firm in an industry that has ceased to exist before, we are creating a monopoly. because it is a monpoly, i cannot better emphasize my point that it has to be extreme fidelity for me, nothing less but everything more. so a monopoly states that there is a single firm/producer in the industry. (forgive me for the vague definition, for all knowledge has been cast aside since the end of exams) noting the need to remain as a monopolist, the firm (meaning parties involved: girl&girl, boy&girl, boy&boy) invests much as total costs. secondary commitments give way for the primary one, time morphs into a key reserved only for a specific door and emotions are subject to changes. so what are we left with? the firm's performance in the short and long run. theoretically, the firm earns supernormal profits in the long run but wait, let me survey the number of firms who are forced to shut down... rival firms break down barriers to entry, causing, revenue < total variable costs, meaning subnormal profits and as the monopoly expands, diseconomies of scale sets in, causing the monopoly to destruct from within. so i hope you guys see the link i have been trying to establish, profits in a monopoly is also what we commonly use to measure the quality of life, happiness. so let me take a lesson away from econs, a monopolist should always learn to erect high barries of entry to shut out those fucking rival firms and that complacency will just lead to the firm compromising on its supernormal profits. however, i want to see the economy as a whole. seeing a monoply against a broader backdrop, life will still continue to function in case of the absence of such a monopoly because there will not be a situation in which we should continue operations when total revenue < total variable costs. why should we compromise on our happiness and keep operating for the second best? there will be another existing industry, another person out there for us to build our lives around so that supernormal profits can once again be earned. i will end this off the usual way, be happy you two and i love you both. <3, zhen. |
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