WHY DO OLIGOPOLIES EXIST? Many purchases that individuals make at the retail level are produced in markets that are neither perfectly competitive, monopolies, nor monopolistically competitive. Rather, they are oligopolies.Oligopolyarises when a small number of large firms have all or most of the sal...
1. Why do oligopolies exist? 2. Explain the characteristics of an oligopolist whose products you own or regularly purchase. 3. What distinguishes oligopoly from monopolistic competition? U.S. antitrust laws are designed to prohibit monopolization and encourage competition. Why then does the governme...
1. Why do oligopolies exist? 2. Explain the characteristics of an oligopolist whose products you own or regularly purchase. 3. What distinguishes oligopoly from monopolistic competition? Is a monopolist subject to any competitive pressures? Explain. Wou...
Markets, left to themselves, do not always lead to efficient or equitable outcomes.Free-market capitalism can lead to monopolistic or oligopolistic industry domination–witness Google, Facebook, Amazon, and Apple. It inevitably leads to a growing concentration of income and wealth. The average income...
Threat of Substitutes:Low threat of substitutes. While traditional postal/delivery services and self-delivery exist, they do not offer the same speed and convenience as express delivery services. Competitor Analysis The competitors including ZTO are collectively known as the "Tongda Operators", where ...
Although the assumptions of Lemma 1 are weaker than the standard assumptions in most previous studies, some readers still might believe that profit-reducing cost reductions could exist in homogeneous Cournot oligopolies after removing the assumptions of Lemma 1. We encourage such 14 believers to find...
Varoufakis believes that the transformations of capitalism underway today are deeper than those of the 20thcentury. The first crisis, back in 1929, was associated with the emergence of oligopolies of large and networked corporations and mega-banks; the second, of 1971, was related to the weakening...
Because the antitrust laws presuppose that unrestrained market competition is the best method of promoting lasting prosperity and wealth for the greatest number. But unrestrained competition, put into practice, often leads to the emergence of stultifying monopolies and oligopolies that take unfair advanta...
In almost every major area of modern life markets are oligopolies and competition is an illusion. If there ever was any real competitive pressure it vanished when anti-trust laws stopped being enforced. Just look at cell phones, cable TV, recorded music and movie producers, etc. I dare you ...
This is why the answer to the government big tech censorship leviathan lies not in regulation but in boycott. The time is now to get off these platforms who spy on you, ban you, sell you to the highest bidder, and who are tearing society apart. Censorship free platforms exist and are ...