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? Why can an oligopolist and a monopolist earn excess profit over the long run when a pure ...
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 there price discrimination in monopolistic competition? Explain...
I travel round the world working and I have to say thatethics vary from business to business and particularly from country to country. Some businesses (oligopolies too!) suffer fromcognitive dissonancewhen operating in another country where they cannot stop things like corruption. It will go agains...
Also, without regulation of corporations you get the undermining of democracy, oligopolies or monopolies in entire industries. This is also inevitable. I don’t want free markets, except, possibly in new, immature and developing markets where there are a lot of small players and there is a ...
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 ...
especially among small entrepreneurs. Russia now has 96 billionaires. Russian businessmen keep their money abroad even as Russia desperately needs private investment for upgrading industries and infrastructure. The owners of Russian oligopolies keep top state officials on their payroll or make them confiden...
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...
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...
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...