0
No. Depending on how you count them, there are at least a half-dozen to a dozen manufacturers of digital cameras (Canon, Nikon, Olympus, Sony, Samsung, Panasonic, Pentax, maybe HP, Casio, Leica, Ricoh, Fuji). Include mobile phone makers like Apple that have taken a big chunk of from the point-and-shoot makers (RIP Kodak, Minolta, Yashica, Konika) and there are too many players for an oligopoly. The number hasn't changed that much in the past 20-30 years.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agopure competition
Add your answer:
Earn +20 pts
Match the type of market structure with each example?
A. Pure competition Computer operating systems B.Near monopoly Fast food restaurants C. Monopolistic competition Online auctioning D. Oligopoly Car makers
Match the type of market structure with each example a pure competition online auctioning b monopoly video rental stores c monopolistic competition water and sewer service d oligopoly?
Pure competition-Online auctioning Monopoly-Water and sewer service Monopolistic competition-Video rental stores Oligopoly-Digital camera makers
What powers could congress use to help protect america car makers from foregin competition?
the power to tax
Which is not a reason why policy makers avoid spikes and slumps in product prices?
The spikes and slumps can inhibit competition among businesses.
What is a oligopolies?
An oligopoly is an economic condition in which there are so few independent suppliers of a particular product that competitive pricing does not take place. Oligopoly is a form of market where there is domination of a limited number of suppliers and sellers called Oligopolists. A situation in which a particular market is controlled by a small group of firms.An oligopoly is much like a monopoly, in which only one company exerts control over most of a market. In an oligopoly, there are at least two firms controlling the market. An oligopoly is a market dominated by a few large suppliers. The degree of market concentration is very high. Firms within an oligopoly produce branded products and there are also barriers to entry. Another important characteristic of an oligopoly is interdependence between firms. This means that each firm must take into account the likely reactions of other firms in the market when making pricing and investment decisions. This creates uncertainty in such markets - which economists seek to model through the use of game theory. The retail gas market is a good example of an oligopoly because a small number of firms control a large majority of the market. Economics is much like a game in which the players anticipate one another's moves. Game theory can also be applied in this situations as if decision makers must take into account the reasoning of other decision makers. It has been used, for example, to determine the formation of political coalitions or business conglomerates, the optimum price at which to sell products or services, the best site for a manufacturing plant, and even the behavior of certain species in the struggle for survival.The ongoing interdependence between businesses can lead to implicit and explicit collusion between the major firms in the market. Collusion occurs when businesses agree to act as if they were in a monopoly position. KEY FEATURES OF OLIGOPOLY - A few firms selling similar product - Each firm produces branded products - Likely to be significant entry barriers into the market in the long run which allows firms to make supernormal profits. - Interdependence between competing firms. Businesses have to take into account likely reactions of rivals to any change in price and output THEORIES ABOUT OLIGOPOLY PRICING There are four major theories about oligopoly pricing: (1) Oligopoly firms collaborate to charge the monopoly price and get monopoly profits (2) Oligopoly firms compete on price so that price and profits will be the same as a competitive industry (3) Oligopoly price and profits will be between the monopoly and competitive ends of the scale (4) Oligopoly prices and profits are "indeterminate" because of the difficulties in modelling interdependent price and output decisions Distinct features of an oligopolistic market: - An oligopolistic market comprises a handful of firms, engaged in selling analogous products - All oligopolistic markets increase mutual dependence among the firms involved in similar competition. It also prepares businessmen to accept the outcomes arising from rivalries with respect to alterations in the production and prices of goods. - In near future, an oligopolistic market is likely to impose restrictions on admission, in an attempt to incur abnormal profits. - Each of the business houses involved with this market produces branded goods THE IMPORTANCE OF PRICE AND NON-PRICE COMPETITION Firms compete for market share and the demand from consumers in lots of ways. We make an important distinction between price competition and non-price competition. Price competition can involve discounting the price of a product (or a range of products) to increase demand. Non-price competition focuses on other strategies for increasing market share. Consider the example of the highly competitive UK supermarket industry where non-price competition has become very important in the battle for sales - Mass media advertising and marketing - Store Loyalty cards - Banking and other Financial Services (including Travel Insurance) - In-store chemists / post offices / creches - Home delivery systems - Discounted petrol at hyper-markets - Extension of opening hours (24 hour shopping in many stores) - Innovative use of technology for shoppers including self-scanning machines - Financial incentives to shop at off-peak times - internet shopping for customers Price leadership: Oligopolistic market The dominance of one firm in the oligopolistic market results in price leadership. Firms having less market shares only follow the prices fixed by leaders. Oligopolistic competition: Effects - Oligopolistic competition in most cases leads to collaboration of the business firms on issues like raising the prices of various goods and subdue production process. - Under other given market conditions, the competition between the sellers acquires a violent form, on the grounds of lowering the prices and increasing the production. - Collaboration of various firms also brings about stabilization in the unsteady markets. PRICE LEADERSHIP IN OLIGOPOLISTIC MARKETS When one firm has a dominant position in the market the oligopoly may experience price leadership. The firms with lower market shares may simply follow the pricing changes prompted by the dominant firms. We see examples of this with the major mortgage lenders and petrol retailers. In reality, it is the Oligopoly market which exists, having a high degree of market concentration. This indicates that a huge percentage of the Oligopoly market is occupied by the leading commercial firms of a country. These firms require strategic planning to consider the reactions of other participants existing in the market. This is precisely why an oligopolistic market is subject to greater risk of connivances.By: Schafaq ChohanAn oligopoly is a market form in which a market or industry is dominated by a small number of sellers. Barriers to entry are high.
Match the type of market structure with each example?
A. Pure competition Computer operating systems B.Near monopoly Fast food restaurants C. Monopolistic competition Online auctioning D. Oligopoly Car makers
Who makes the best brand digital camera?
Cannon is considered to be one of the best camera makers in the world.
Match the type of market structure with each example a pure competition online auctioning b monopoly video rental stores c monopolistic competition water and sewer service d oligopoly?
Pure competition-Online auctioning Monopoly-Water and sewer service Monopolistic competition-Video rental stores Oligopoly-Digital camera makers
Which Canon camera is best for a beginner?
There are a number of camera makers that have cameras suitable for beginners, but if it is a canon camera that you are after then try the EOS digital range of cameras as they are easy to use so therefore ideal for a beginner.
Where can you a digital camera fixed?
In a shop :) e.g. dixons ------ Usually, the best result is to have the manufacturer repair it. Most major makers have a service department or an authorized service center.
Do digital cameras have "night vision" capabilities?
No, the canon powershot does not come with a nightvision mode. Inclusion of infrared and, quite expectedly, thermal vision is both cost and size prohibitive for a standard consumer-level device.
Can I connect my hd digital camera up to my tv for viewing?
Most high definition televisions come with so many audio or video in inputs now. The way to figure out what you need is to see what your television offers and then what your camera offers as an output. You can find cords of all sorts for your camera at the makers website and order what you need from them.
Will lenses from 35MM camera work on newer DSLR cameras?
It depends on the brand of camera and the type of lens. Most Nikon film SLR lenses will work (in manual mode) on their digital SLR cameras. Many Canon lenses will work on new Canon SLR cameras, but you have to check compatability between the camera model and the type of lens. Sony purhcased the Minolta digital camera division, so all Sony Alpha DSLRs will use Minolta lenses.
I need the manual for my Sears VHS Camcorder. My model number is 934.537939090?
http://userguides.50webs.com/ Without a doubt probably your best bet because they maintain the manual/user guide databases of almost all of the electronic camcorder and digital camera makers.
What powers could congress use to help protect america car makers from foregin competition?
the power to tax
Who are the competitors of daimler Chrysler?
Daimler no longer owns Chrysler, but all other new car makers were the competition.
Which is not a reason why policy makers avoid spikes and slumps in product prices?
The spikes and slumps can inhibit competition among businesses.
