What companies would be considered monopolistic competition?
Q. I thought maybe whole foods since they are world's largest retailer of natural and organic foods and merging with wild oats might be considered monopolistic competition. But I am not sure if there are many organic, natural food firms out there and I am not sure if there is a differentiation of products.
Asked by Nevyll - Sat Sep 29 13:15:29 2007 - - 2 Answers - 0 Comments
A. Whole Foods is not a good example. A firm that is a monopolistic competitor must satisfy two criteria. First, it must sell a product that is almost identical to all of its competitors, and there should be LOTS of competitors. In this way, the firm almost looks like a perfect competitor. Second, the product must be distinguisable from all of the other products it competes against. Whole Foods does not satisfy the first criterion, since there are not lots of competitors with Whole Foods. A better example, I think is Kellog's Raisin Bran. It has lots of competition in the cereal market, but Kellog's Raisin Bran is somewhat unique -- "Two scoops of raisins in every box!"
Answered by Allan - Sat Sep 29 13:58:11 2007
Q. I thought maybe whole foods since they are world's largest retailer of natural and organic foods and merging with wild oats might be considered monopolistic competition. But I am not sure if there are many organic, natural food firms out there and I am not sure if there is a differentiation of products.
Asked by Nevyll - Sat Sep 29 13:15:29 2007 - - 2 Answers - 0 Comments
A. Whole Foods is not a good example. A firm that is a monopolistic competitor must satisfy two criteria. First, it must sell a product that is almost identical to all of its competitors, and there should be LOTS of competitors. In this way, the firm almost looks like a perfect competitor. Second, the product must be distinguisable from all of the other products it competes against. Whole Foods does not satisfy the first criterion, since there are not lots of competitors with Whole Foods. A better example, I think is Kellog's Raisin Bran. It has lots of competition in the cereal market, but Kellog's Raisin Bran is somewhat unique -- "Two scoops of raisins in every box!"
Answered by Allan - Sat Sep 29 13:58:11 2007
What are the basic characteristics of monopolistic competition?
Q. What are the basic characteristics of monopolistic competition? How does monopolistic competition compare with perfect competition?
Asked by Oleg S - Sun Nov 29 18:41:53 2009 - - 1 Answers - 0 Comments
A. Once they buy up boardwalk, and place hotels, there is no more competition. Just financial rape every lap of the board.
Answered by Mike Hammer - Sun Nov 29 19:03:29 2009
Q. What are the basic characteristics of monopolistic competition? How does monopolistic competition compare with perfect competition?
Asked by Oleg S - Sun Nov 29 18:41:53 2009 - - 1 Answers - 0 Comments
A. Once they buy up boardwalk, and place hotels, there is no more competition. Just financial rape every lap of the board.
Answered by Mike Hammer - Sun Nov 29 19:03:29 2009
What competition is it? (Perfect, monopoly, monopolistic, oligopoly) of Car rental business? Why? ?
Q. I just confused about Monopolistic Competition in Car rental Business, it has more producer or has less producer in the market? Please give me some suggestions. Thanks ^^
Asked by Aum L - Sat Sep 13 06:16:37 2008 - - 2 Answers - 0 Comments
A. I see relatively few car rental companies and relatively high barriers to entry (cost of the cars) so am tempted to say oligopoly out of your choices, but there also appears to healthy price competition in many local markets so am not positive. Definitely not monopoly or monopolistic.
Answered by Hajji - Sat Sep 13 10:31:27 2008
Q. I just confused about Monopolistic Competition in Car rental Business, it has more producer or has less producer in the market? Please give me some suggestions. Thanks ^^
Asked by Aum L - Sat Sep 13 06:16:37 2008 - - 2 Answers - 0 Comments
A. I see relatively few car rental companies and relatively high barriers to entry (cost of the cars) so am tempted to say oligopoly out of your choices, but there also appears to healthy price competition in many local markets so am not positive. Definitely not monopoly or monopolistic.
Answered by Hajji - Sat Sep 13 10:31:27 2008
How many sellers and buyers are in a monopolistic competition market?
Q. A monopolistic competition is a common market type in which a couple of firms control most of a market (i.e. fast food industry with many companies fighting for power like Burger King and McDonald's)
Asked by ppp - Mon Dec 12 18:18:44 2005 - - 2 Answers - 0 Comments
A. For Gods Sake pick there answer already!! Its been 3 Months !!! How long do they have to wait?? Do the Right thing!! *RZ*
Answered by ~ RZ ~ - Mon Mar 6 22:19:22 2006
Q. A monopolistic competition is a common market type in which a couple of firms control most of a market (i.e. fast food industry with many companies fighting for power like Burger King and McDonald's)
Asked by ppp - Mon Dec 12 18:18:44 2005 - - 2 Answers - 0 Comments
A. For Gods Sake pick there answer already!! Its been 3 Months !!! How long do they have to wait?? Do the Right thing!! *RZ*
Answered by ~ RZ ~ - Mon Mar 6 22:19:22 2006
what happen to price and quantity in monopolistic competition when one firm introduce new,improved product?
Q. tell me the price and quantity in monopolistic competition when new and improved product introduced?
Asked by A@Z! v - Tue Dec 2 22:41:46 2008 - - 1 Answers - 0 Comments
A. For competitors' products that are not new and improved, the demand decreases. Therefore, the price would decrease.
Answered by Jason H - Tue Dec 2 22:57:33 2008
Q. tell me the price and quantity in monopolistic competition when new and improved product introduced?
Asked by A@Z! v - Tue Dec 2 22:41:46 2008 - - 1 Answers - 0 Comments
A. For competitors' products that are not new and improved, the demand decreases. Therefore, the price would decrease.
Answered by Jason H - Tue Dec 2 22:57:33 2008
Which of the following is the biggest difference between monopolistic competition and perfect competition?
Q. Which of the following is the biggest difference between monopolistic competition and perfect competition? a. The degree of difficulty in entry and exit B. The number of firms in the industry C. The degree of product differentiation
Asked by Lucy - Thu Oct 29 22:19:34 2009 - - 2 Answers - 0 Comments
Q. Which of the following is the biggest difference between monopolistic competition and perfect competition? a. The degree of difficulty in entry and exit B. The number of firms in the industry C. The degree of product differentiation
Asked by Lucy - Thu Oct 29 22:19:34 2009 - - 2 Answers - 0 Comments
what market structure would GPs in Singapore be under? is it a monopoly or monopolistic competition? cos they?
Q. is it a monopoly or monopolistic competition? cos they do practise price discrimination and provide differentiated services in terms of quality.
Asked by Tumblin'Monkey - Wed Jul 23 08:50:53 2008 - - 1 Answers - 0 Comments
A. If you mean General Practitioners by GP, then no they would not be in a monopoly because they are all individuals operating in a fragmented marketplace.
Answered by Gooddad - Sat Jul 26 04:42:51 2008
Q. is it a monopoly or monopolistic competition? cos they do practise price discrimination and provide differentiated services in terms of quality.
Asked by Tumblin'Monkey - Wed Jul 23 08:50:53 2008 - - 1 Answers - 0 Comments
A. If you mean General Practitioners by GP, then no they would not be in a monopoly because they are all individuals operating in a fragmented marketplace.
Answered by Gooddad - Sat Jul 26 04:42:51 2008
Monopoly, monopolistic competition, pure competition,how do they impact markets, firms and you, as a consumer?
Q. Monopoly, monopolistic competition, pure competition, ol-i-gop-o-ly--how do you pronounce that? So what are these things and how to they impact markets, firms and you, as a consumer and/or as a business person?
Asked by midknight718 - Mon Mar 23 17:56:36 2009 - - 1 Answers - 0 Comments
Q. Monopoly, monopolistic competition, pure competition, ol-i-gop-o-ly--how do you pronounce that? So what are these things and how to they impact markets, firms and you, as a consumer and/or as a business person?
Asked by midknight718 - Mon Mar 23 17:56:36 2009 - - 1 Answers - 0 Comments
name business that operates in in a market that is likely to be called monopolistic competition?
Q. why is it considered monopolistic competition. Something that is preferably found in every state trying to compile a lengthy report.
Asked by holla_at_me_when_u_see_me - Mon Jan 29 17:08:23 2007 - - 8 Answers - 0 Comments
A. utilities - telephone, electric, gas, water, trash disposal
Answered by Smokin' Dragon - Mon Jan 29 17:12:27 2007
Q. why is it considered monopolistic competition. Something that is preferably found in every state trying to compile a lengthy report.
Asked by holla_at_me_when_u_see_me - Mon Jan 29 17:08:23 2007 - - 8 Answers - 0 Comments
A. utilities - telephone, electric, gas, water, trash disposal
Answered by Smokin' Dragon - Mon Jan 29 17:12:27 2007
Would microsoft be monopolistic competition?
Q. or a monopoly I went to a tutor and they said its close to a monopoly but it is monopolistic competition to be safe...I need to present this what do you think it is and why?
Asked by asdfgh - Sun Apr 13 18:15:27 2008 - - 4 Answers - 0 Comments
A. First, Microsoft is not a product, nor does it represent a single industry, it is a very diverse company. Microsoft has many main divisions, Gaming + Entertainment which produce all the Microsoft games, Xbox systems, Zune MP3 players, keyboard + mice. the business division which makes all their Office software, Server division which makes All the Server software that consumers never even see. Online division, which makes all the messenger and email software, Developer division, etc. The list goes on! So obviously Microsoft is not a monopoly in all those fields, as you we all know the Zune was a failure, and the Xbox has fierce competition from the Wii and Playstation. And each other division has its own respective competition. What… [cont.]
Answered by Mr. K - Sun Apr 13 18:52:18 2008
Q. or a monopoly I went to a tutor and they said its close to a monopoly but it is monopolistic competition to be safe...I need to present this what do you think it is and why?
Asked by asdfgh - Sun Apr 13 18:15:27 2008 - - 4 Answers - 0 Comments
A. First, Microsoft is not a product, nor does it represent a single industry, it is a very diverse company. Microsoft has many main divisions, Gaming + Entertainment which produce all the Microsoft games, Xbox systems, Zune MP3 players, keyboard + mice. the business division which makes all their Office software, Server division which makes All the Server software that consumers never even see. Online division, which makes all the messenger and email software, Developer division, etc. The list goes on! So obviously Microsoft is not a monopoly in all those fields, as you we all know the Zune was a failure, and the Xbox has fierce competition from the Wii and Playstation. And each other division has its own respective competition. What… [cont.]
Answered by Mr. K - Sun Apr 13 18:52:18 2008
Does monopolistic competition involve a less economical use of resources than perfect competition?
Q. This is a term paper topic.The actual topic is "monopolistic competition involves a less economical use of resources than perfect competition;Discuss. I would like to know mainly the effect of monopolistic and perfect competition on economic resources. Thank you.
Asked by Ijay Chigal - Wed Apr 5 21:07:02 2006 - - 3 Answers - 0 Comments
A. Monopolistic competition is an oxymoron. Is there a monopoly or not? If there is an oligopolistic competition, i.e., a limited group of competitors, they probably do not compete. Capitalists do not like free markets. They like to know what next month's gross sales and expenses will be, preferably better than last year. They like certainty, the antithesis of a free market. How does that affect the economical use of resources? Probably not much. Even monopolies want to maximize profit and minimize expenses, not to mention having resources available for the foreseeable future. In a free market with no entry costs, competitors will come into the market and demand for resources will skyrocket, raising prices and using up resources faster.
Answered by thylawyer - Wed Apr 5 21:37:23 2006
Q. This is a term paper topic.The actual topic is "monopolistic competition involves a less economical use of resources than perfect competition;Discuss. I would like to know mainly the effect of monopolistic and perfect competition on economic resources. Thank you.
Asked by Ijay Chigal - Wed Apr 5 21:07:02 2006 - - 3 Answers - 0 Comments
A. Monopolistic competition is an oxymoron. Is there a monopoly or not? If there is an oligopolistic competition, i.e., a limited group of competitors, they probably do not compete. Capitalists do not like free markets. They like to know what next month's gross sales and expenses will be, preferably better than last year. They like certainty, the antithesis of a free market. How does that affect the economical use of resources? Probably not much. Even monopolies want to maximize profit and minimize expenses, not to mention having resources available for the foreseeable future. In a free market with no entry costs, competitors will come into the market and demand for resources will skyrocket, raising prices and using up resources faster.
Answered by thylawyer - Wed Apr 5 21:37:23 2006
Some economists argue that the model of monopolistic competition is not a necessary subject for study.?
Q. In what way is it unnecessary and also why is it useful? Please explain. thanks.
Asked by diablo_blaze7 - Sat Mar 21 20:43:25 2009 - - 1 Answers - 0 Comments
A. Monopolistic competition is a pseudo-theoretical extreme at the opposite end of the market scale from perfect competition, another pseudo-theoretical extreme. Neither of these market types exists. However, every market is comprised of a blending of these two and falls somewhere in between. Therefore, understanding the theoretical extremes helps to better understand the intermediate markets and there functionality.
Answered by Benjamin Cuningham - Wed Mar 25 11:09:58 2009
Q. In what way is it unnecessary and also why is it useful? Please explain. thanks.
Asked by diablo_blaze7 - Sat Mar 21 20:43:25 2009 - - 1 Answers - 0 Comments
A. Monopolistic competition is a pseudo-theoretical extreme at the opposite end of the market scale from perfect competition, another pseudo-theoretical extreme. Neither of these market types exists. However, every market is comprised of a blending of these two and falls somewhere in between. Therefore, understanding the theoretical extremes helps to better understand the intermediate markets and there functionality.
Answered by Benjamin Cuningham - Wed Mar 25 11:09:58 2009
Can Monopolistic Competition industries become Oligopolies?
Q. Is it happening already in some industries? Give examples.
Asked by Kaci A - Tue Jul 29 22:47:21 2008 - - 2 Answers - 0 Comments
A. yes ... .. if monopolistic firms start growing and shaping up a brand name with some cosiderable market share they may turn the market into oligopoly market. . . keep in mind that oligopoly is not a marlet where there are few sellers but oligopoly is the market where the market is influenced by a few sellers although there may be few or more other sellers as well in the market. there are alot of examles . . like clothes industry . . there is a small jeans manufacturer and but by increasing its market share and identifying its brand it becomes an oligopolist.
Answered by farrukh_phd - Sat Aug 2 04:00:42 2008
Q. Is it happening already in some industries? Give examples.
Asked by Kaci A - Tue Jul 29 22:47:21 2008 - - 2 Answers - 0 Comments
A. yes ... .. if monopolistic firms start growing and shaping up a brand name with some cosiderable market share they may turn the market into oligopoly market. . . keep in mind that oligopoly is not a marlet where there are few sellers but oligopoly is the market where the market is influenced by a few sellers although there may be few or more other sellers as well in the market. there are alot of examles . . like clothes industry . . there is a small jeans manufacturer and but by increasing its market share and identifying its brand it becomes an oligopolist.
Answered by farrukh_phd - Sat Aug 2 04:00:42 2008
Oligopoly and monopolistic competition can be described as market structures in which firms?
Q. A. Produce completely identical goods B. Produce substitute goods C. Are located near each other D. Face perfectly elastic demand curve
Asked by ME =) - Mon Dec 1 15:11:17 2008 - - 1 Answers - 0 Comments
Q. A. Produce completely identical goods B. Produce substitute goods C. Are located near each other D. Face perfectly elastic demand curve
Asked by ME =) - Mon Dec 1 15:11:17 2008 - - 1 Answers - 0 Comments
Can you give me examples of Monopoly (not the game), Monopolistic Competition, and Oligopoly?
Q. I just need some help on some work that my teacher assigned us. I would really appreaciate the help. ^_^ This just some work that i need help on and i just need help fineding anwser to my problem. I'm not talking about the Monopoly game I'm talking Economic Monopoly.
Asked by Ciel - Tue Mar 24 15:42:38 2009 - - 16 Answers - 0 Comments
A. real estate
Answered by Yahoo! answers CEO - Tue Mar 24 15:45:17 2009
Q. I just need some help on some work that my teacher assigned us. I would really appreaciate the help. ^_^ This just some work that i need help on and i just need help fineding anwser to my problem. I'm not talking about the Monopoly game I'm talking Economic Monopoly.
Asked by Ciel - Tue Mar 24 15:42:38 2009 - - 16 Answers - 0 Comments
A. real estate
Answered by Yahoo! answers CEO - Tue Mar 24 15:45:17 2009
Which of the following best describes monopolistic competition?
Q. 1 One company selling the identical product under different names. 2 One company selling several different products under different names. 3 A very few companies selling identical products. 4 Many companies selling similar but not identical products.
Asked by tia - Sun Oct 28 18:24:47 2007 - - 4 Answers - 0 Comments
A. Number 4. I do not miss economics. and btw the 2 above me are incorrect.
Answered by Grick - Sun Oct 28 18:27:37 2007
Q. 1 One company selling the identical product under different names. 2 One company selling several different products under different names. 3 A very few companies selling identical products. 4 Many companies selling similar but not identical products.
Asked by tia - Sun Oct 28 18:24:47 2007 - - 4 Answers - 0 Comments
A. Number 4. I do not miss economics. and btw the 2 above me are incorrect.
Answered by Grick - Sun Oct 28 18:27:37 2007
In monopolistic competition, a firms demand is tangent to the long-run average cost curve in long run because?
Q. a. Barriers to entry are very high b. Entry eliminates economic profit, and exit eliminates losses c. Advertising is ineffective in differentiating a product d. All of the above
Asked by Lydia - Mon Jul 6 10:09:15 2009 - - 2 Answers - 0 Comments
A. b, entry eliminates economic profit, and exit eliminates losses Monopolistic competition is characterized by a large number of firms (low barriers to entry, which eliminates choice a), and differentiated products. Having differentiated products allows for effective advertising (eliminating choice c), and short run profits. Ease of entry eliminates long run profits.
Answered by jerry w - Thu Jul 9 03:09:30 2009
Q. a. Barriers to entry are very high b. Entry eliminates economic profit, and exit eliminates losses c. Advertising is ineffective in differentiating a product d. All of the above
Asked by Lydia - Mon Jul 6 10:09:15 2009 - - 2 Answers - 0 Comments
A. b, entry eliminates economic profit, and exit eliminates losses Monopolistic competition is characterized by a large number of firms (low barriers to entry, which eliminates choice a), and differentiated products. Having differentiated products allows for effective advertising (eliminating choice c), and short run profits. Ease of entry eliminates long run profits.
Answered by jerry w - Thu Jul 9 03:09:30 2009
A significant benefit of monopolistic competition compared with pure competition is?
Q. A) less likelihood of X-inefficiency B) improved resource allocation. C) greater product variety D) stronger incentives to achieve economies of scale.
Asked by Swjdwaeoj S - Mon Nov 10 19:39:07 2008 - - 3 Answers - 0 Comments
A. Monopolistically competitive markets have the following characteristics: There are many producers and many consumers in a given market. Consumers perceive that there are non-price differences among the competitors' products. There are few barriers to entry and exit. Producers have a degree of control over price. ANSWER: D) stronger incentives to achieve economies of scale. Have a nice day!!
Answered by CJ - Mon Nov 10 19:54:34 2008
Q. A) less likelihood of X-inefficiency B) improved resource allocation. C) greater product variety D) stronger incentives to achieve economies of scale.
Asked by Swjdwaeoj S - Mon Nov 10 19:39:07 2008 - - 3 Answers - 0 Comments
A. Monopolistically competitive markets have the following characteristics: There are many producers and many consumers in a given market. Consumers perceive that there are non-price differences among the competitors' products. There are few barriers to entry and exit. Producers have a degree of control over price. ANSWER: D) stronger incentives to achieve economies of scale. Have a nice day!!
Answered by CJ - Mon Nov 10 19:54:34 2008
should the firms maximize profits in monopolistic competition?
Q. a firm should be encouraged to maximize profits because this makes the firm efficient. Assess whether this arguement is true for the firm operating in an imperfect market.
Asked by syedaayesha G - Fri Apr 4 12:20:53 2008 - - 2 Answers - 0 Comments
A. Yes, firms should be encouraged to maximize profits but they need to be careful if they've no competition. Making too much money because of no competition is dangerous to their survival.
Answered by MikeyG - Fri Apr 4 12:24:18 2008
Q. a firm should be encouraged to maximize profits because this makes the firm efficient. Assess whether this arguement is true for the firm operating in an imperfect market.
Asked by syedaayesha G - Fri Apr 4 12:20:53 2008 - - 2 Answers - 0 Comments
A. Yes, firms should be encouraged to maximize profits but they need to be careful if they've no competition. Making too much money because of no competition is dangerous to their survival.
Answered by MikeyG - Fri Apr 4 12:24:18 2008
Is the UK online dating agency industry an oligopoly or monopolistic competition?
Q. Is the UK online dating agency industry an oligopoly or monopolistic competition?
Asked by Turtle14 - Sun Jan 17 07:13:36 2010 - - 1 Answers - 0 Comments
A. Neither. The agencies are all attempting to make a profit, and there's a large percentage of people who belong to more than one.
Answered by Peter B - Sun Jan 17 21:30:51 2010
Q. Is the UK online dating agency industry an oligopoly or monopolistic competition?
Asked by Turtle14 - Sun Jan 17 07:13:36 2010 - - 1 Answers - 0 Comments
A. Neither. The agencies are all attempting to make a profit, and there's a large percentage of people who belong to more than one.
Answered by Peter B - Sun Jan 17 21:30:51 2010
From Yahoo Answer Search: 'monopolistic competition'
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a. oligopoly. b. monopoly. c. perfect . competition. . d. . monopolistic competition. ... The ___ Act sought to do away with restraints and monopolies that hindered . competition. or made . competition. impossible. ...
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