Markets: Perfect competition, monopoly, monopolistic competition, oligopoly.
1- Give a specific example for each ( US Companies ).
2- Which one is better market from the stand point of producers?
3- Which one is better market on the stand point of consumers?
The 4 types of market structures are Perfect Competition, Monopoly, Oligopoly, and Monoplistic Competition. Given the dynamics of competition, think of the various sequential paths of market structures that firms can move through over time (any of the following is possible):
Do airlines fit into the concept of monopolistic competition? Why or why not?
Which of the four different market structures (perfect competition, monopoly, monopolistic competition, oligopoly) do you believe Boeing Aircraft falls into? Why?
In a two-firm oligopoly that has decided to jointly maximize profits, we would expect that the output:
Would be split fifty-fifty.
Would be greater than the monopoly quantity.
Would be set where the sum of their MC's equals to the industry's MR.
Would be determined by a federal mediator.
Of the following forms of competition, identify an example of a product or service (the company) and a respective industry for that form of competition.
The four forms of competition are:
- monopolistic competition
- pure competition
Also consider how would identifying the type of competitive m
The questions are:
Does McDonald's operate as a monopoly?
Does it compete in an oligopolistic competition?
Is it in a perfectly competitive market?
What are the advantages and disadvantages being in this type of competitive market?