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monopolistic competition

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Arto Johnson

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3y ago
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oligopoy

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Q: Is Best Buy an oligopoly or monopolistic competition?
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What is the similarities between perfect competitive monopoly monopolistic competition and oligopoly?

Not many differences. Capitalism favors competition among private companies, but rarely creates monopolies. One source, in the references, says monopolies can be created by governments more than private companies. References: http://www.americansolvent.com/2009/07/03/competition-vs-monopoly-whats-the-big-confusion/


What is the effect of advertisement on monopolistic competition?

There is not much need for adverticement when one company has a monopoly over one product. It is only needed to remind the people this product exists and where they can buy it. There is no competition if you have monopoly. If the product is coveted/needed/multiuseful usually one session of adverticing can result a rush to the store. This happened during war when there was lack of mostly anything. If you adverticed 'we have bread' you would advertice in a few moments 'we do not have bread'.


What is bilateral oligopoly?

Bilateral Oligopoly is a market structure in which a few sellers and a few buyers exist and both demand and supply sides have market power. There is no absolute equilibrium defined for such structure. the example is the intermediate goods market that is a few suppliers compete each other to sell and a few buyers compete to buy. collusion may happen on both sides.


What does monopolistic states mean for workers compensation?

It means there is a monopoly of insurance carriers- One carrier. That is usually a state government agency. If you have employees in that state covered by Worker's Comp, you must buy insurance coverage from that state agency.


What is the best color or street to buy on monopoly?

the best colour to buy is orange on the monopoly board

Related questions

Who is Gamestops competition?

GameStop competition is best buy, wall-mart toy r us and ext


How did companies reduce competition?

Buy the competition.


What is the best paintball gun not at competition level?

Tippmann 98 custom, only 100-150 bucks. What makes it the best is the flatline barrel you can buy, so much pwnage


Where is the Best place to buy ammunition online?

There is no "best" place. Vendors have sales, discounts, etc.. since they are in competition with each other. Don't forget to factor in S&H charges. Many times it is less expensive to buy locally.


Where can you buy a competition timer?

you can buy it from www.speedstacks.com which is official website for the speed stacks


What are monopolistic states in insurance?

A state-operated insurance fund where businesses are required to buy workers' compensation insurance from the state. Private insurers cannot operate in these monopolistic fund states. Rupp's Insurance & Risk Management Glossary. © 2002, NILS Publishing. All rights reserved.


Will Mc Mahon ever own TNA?

No. Vince doesn't want to buy competition, he to this day regrets buying WCW and ECW, because when he had competition it brought out the best of his show and that's why he wants TNA to succeed and promotes them and their shows.


What is the similarities between perfect competitive monopoly monopolistic competition and oligopoly?

Not many differences. Capitalism favors competition among private companies, but rarely creates monopolies. One source, in the references, says monopolies can be created by governments more than private companies. References: http://www.americansolvent.com/2009/07/03/competition-vs-monopoly-whats-the-big-confusion/


Why is competition needed in an economy?

buy stuff twice less price


What is the effect of advertisement on monopolistic competition?

There is not much need for adverticement when one company has a monopoly over one product. It is only needed to remind the people this product exists and where they can buy it. There is no competition if you have monopoly. If the product is coveted/needed/multiuseful usually one session of adverticing can result a rush to the store. This happened during war when there was lack of mostly anything. If you adverticed 'we have bread' you would advertice in a few moments 'we do not have bread'.


What is a monopolistic?

== == Monopolistic competition is the market situation where many sellers provide similar yet not perfectly substitutable products, thereby giving each seller some monopoly power. Thus, in monopolistic competition production does not take place at the lowest possible cost. Examples of monopolistic competition include restaurants, books, clothing. See the link below for more information. Monopolies are unfair, big bullies on the playground of business. Say we both were in the same industry, but I had more money than you did. I wanted to get your customers away from you so that I could make even more money. One way I might do that is to drop my prices so low that you can't afford to lower your prices to equal mine. All of your customers come to me to save money. You go out of business. I raise my prices back to normal--or even higher now because you're not there as my competition anymore. I keep doing this to everyone in our industry until I'm the only choice around, and everyone has to pay whatever I want to charge. Monopolies were a huge problem in the late 19th century in the U.S., and many would argue certain companies around today have too much of a monopoly on an industry.


You are planning to buy competition pistol is para-ordnance the right choice?

The quesiton can not be answered without knowing what type of competition discipline you are undertaking.