How do economies of scale contribute to the development of an oligopoly? How do economies of scale affect the marketing concept? Briefly describe how an industrial concentration can lead to external economies of scale. What are incentives in economics? Give some examples. ...
Briefly describe what an oligopoly is, as well as the circumstances that could allow oligopolists to earn their highest profits. Explain the contingency approach and the system approach in management and provide examples of each. Identify and describ...
Does a business operate in a market that is characterized by perfect competition, monopolistic competition, oligopoly, or pure monopoly? How did you draw your conclusion about its market structure? Does a firm that earns zero economic profit in the long run apply to monopolistic ...
The bottom line is that allowing corporations to run wild is what is fueling this plethora of oligopolies that are controlling massive swaths of our economy (and our lives). For an explanation of OLIGOPOLY, I give you the first honest cable ad: ...
technological, and human resources can become amonopoly. Also, if one firm has 35% of the market and the other firm has 15% of the market, the new firm will have 50% of the market. This is a relatively unfair competitive advantage for these firms as they create an oligopoly through mer...
Define the theory. Provide an example of the use of theory in a business organization. What will be an ideal response? Identify one market where you think entry is easy. Explain why. How does that affect profits in tha...
The market for book-buyers is that of an oligopoly, with few incumbent firms. Hardcopy book format is still a multi-million dollar industry in Singapore going strong in the face of stiff competition from online book stores. The total market size of brick-and-mortar stores is worth around $...
Bhd., Lee brothers Bakery, Economic Bakery factory.(Malaysia Business Listings,undated) While for retail bakery chains such as Kings Confectionery, Bee's confectionery and bread boutiques like Bread Story.(Stanton et.al,2009) Bread Industry in Malaysia is categorized as oligopoly which has less ...
In an oligopoly, the control is in the hands of a few sellers. As long as they stay firm on prices, the buyers have little negotiating room. An oligopsony market sees frequent price wars as each player works to entice a buyer's business. That effectively drives the price a down and t...
What Is Price Stickiness in Oligopoly? Oligopolies are markets in which a few firms exert significant control. Price stickiness can be characteristic of oligopolies because firms may hesitate to change raise prices for fear of ceding market share to other firms, but also to lower their prices out...