Competition Markets

Honelako gehiago

If Performance Enhancing Drugs Were Allowed in Sports

by ty currie

Group B: Case 13, China's Home Improvement Market

by Eric Delacruz

Caustic Soda/ Asahi Glass

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microeconomics

by charlotte deegan

Competition Markets

Example of perfectly competitive markets

online shopping

foreign exchange market

Agriculture

Characteristics of the perfect market

not marketing

Table 1

1. guest -
2. guest -

No entry and exit barriers

equality condition

free attendance

Homogeneous products

Perfect Competition

It is a situation where companies have little power in the market to manipulate prices and this means that there are non-existent profits due to competition and in this case the price is determined by supply and demand.

Imperfect Competition Market Types

Oligopsonio

Automotive industry with car seat

Monopolio

Microsoft

Facebook

Telmex

Monopsonio

heavy weapons industry

Oligopolio

The railways

Oil companies

wireless service providers

Characteristics of imperfect competition

Allows restricted access to products.

Las empresas participantes ejercen su propio control sobre el precio, en mayor o menor medida, de los productos que ofrecen al mercado.

Their main objective is to reach the price they have proposed, regardless of the real supply and demand.

Advertising, in addition to being persuasive, tends to be informative, because a good group of companies are in the market and the knowledge of the buyer is somewhat limited.

Imperfect Competition

This occurs when the conditions of perfect competition are not met and in this case the companies take control of the market and seek that their products make a difference.