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VINARAO, CYRUS JAMES B.       STOPOVER #4

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VINARAO, CYRUS JAMES B.       STOPOVER #4

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FORM

- FRESH MEAT for a Meat Shop

- MARINATED OR SEASONED MEAT to cook and serve to the customers.

PLACE

- Supermarkets, and Meat Shop

- Restaurants, Eateries.

TIME

- opening and closing time for malls and supermarket.

- Breakfast to Dinner time, 24/7(for fastfoods)

INFORMATION

- A shop for meat where you can buy freshly cut products for your food needs.

- A place which serves cooked food to customers who are hungry and are looking for food

POSSESSION

- CREDIT/DEBIT CARDS

- CASH

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HOLIGORES, PATRICK ANDREW M. STOPOVER #4

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HOLIGORES, PATRICK ANDREW M. STOPOVER #4

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Utility

Form - Drink, Milk
Place - Convenience Store, Market
Time - 24/7, 9am to 5am
Information - Table of Contents, Price and Name
Possession - E money, Cash

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HOLIGORES, PATRICK ANDREW M. STOPOVER #3

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HOLIGORES, PATRICK ANDREW M. STOPOVER #3

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HOLIGORES, PATRICK ANDREW M. STOPOVER #2

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HOLIGORES, PATRICK ANDREW M. STOPOVER #2

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When does oligopoly act like a perfectly competitive firm, and when does it act more like a monopolist?

- it will start to act like a competitive firm when they give out valuable products and it when they start making their prices competitive like lowering or slightly adjusting it to be much more accessible to consumers.
- it would be great for them if they work together but when they start to treat their competitors as valuable assets or acquaintances they would start to monopolize their products.

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Holigores, Patrick Andrew M. STOPOVER #1

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Holigores, Patrick Andrew M. STOPOVER #1

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When does an oligopoly act more like a perfectly competitive firm, and when does it act more

like a monopolist?

When there are few rivals and they intensely compete with one another, I believe an oligopoly will behave completely competitively. Like when another company introduces a new product and sells it extremely well, the rival will undoubtedly introduce a counter product.

When a small number of competitors conspire or coordinate to whatever they agreed upon, they have complete control over a supply, and those enterprises may profit from it, oligopoly can behave as a monopoly.

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UTILITIES

1. FORMS - Android phone that is more customizable than ever; Independency of computer parts to easily repair and replace.

2. PLACE -  Carinderias and other fast food restaurants near RTU; Bookstores and school supply stores near RTU

3. TIME - Bookstores and school supply stores are open in school hours; Cold beverage during summer season

4. INFORMATION - Complete specification of PC parts; An advertisement about android phone’s new features.

5. POSSESSION - Refrigerator to store food for preservation; Kitchen utilities to make cooking easier, efficient and convenient.

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Oligopoly act more like a perfectly competitive firm when they fiercely compete with each other, trying to gain market dominance.
But when Oligopolies decide to cooperate to each other make a collusion they can gain high profit consistently, restricting the produce of product
so they can raise the price of their products. And when this Oligopolies approved or agree on the decision or the plan those Oligopolies or few producers are called Cartel.
Oligopoly tend to be monopolist when their is restriction of producing goods and quantity. And because of the collusion, cooperating of all oligopolist it could result to monopoly profits.
But there is other competition happening like in duopolies when 2 oligopoly don't coordinate to each other. No collusion happening, intense competition.

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FORM
-Leather raw materials for making leather shoes
-Foam and plastics for making rubber shoes

PLACE
-MALLS
-Metro Manila

TIME
-BER MONTHS
-SUMMER

INFORMATION
-A shoes for casual celebration
-A shoes for EVENTS

POSSESION
-DEBIT CARD PAYMENT
-CASH PAYMENT

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REYES, TRENT RUFUS N.                                    STOPOVER#05

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REYES, TRENT RUFUS N.                                    STOPOVER#05

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REYES, TRENT RUFUS N.                                STOPOVER#04

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REYES, TRENT RUFUS N.                                STOPOVER#04

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STOPOVER#04

FORM

- Cotton in making t-shirts

- Nylon in making jackets

PLACE

- Stores in malls

- Within the city

TIME

- Selling jackets on rainy days

- Selling shirts appropriate for summer

INFORMATION

- Wear a jacket to avoid getting cold

- Following the trends

POSSESION

- The use of credit cards or e-wallets

- Promos or sales

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Write/type 2 more examples of each type of utility.

1. FORM – sand to make glass then bottle ; sand to make glass then mirror
2. PLACE – Kariderya near RTU ; computer shop near RTU
3. TIME – selling facemask during pandemic ; selling alcohol during pandemic
4. INFORMATION – The importance of alcohol ; The importance of fruits and vegetable
5. POSSESSION – The use of online banking ; The use of gcash

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When does an oligopoly act more like a perfectly competitive firm, and when does it act more like a monopolist?

An oligopoly acts perfectly when each firm has equal power when it comes to its pricing and output policies. It is considered a perfectly competitive firm if its policies are fair and just. It is considered as acting as monopolists if these firms coerced one another to control the price. An example would be when sugar traders opted to not release stocks so that their price will rise therefore providing them more profit.

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https://drive.google.com/drive/u/1/folders/1Io0hHpXLtsLapXA9bOJRsQMRlphQYNKe

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UTILITIES
1. FORM
- Cocoa tree to harvest cocoa beans then chocolates
- Flower Garden to harvest beautiful flowers
2. PLACE
- Supermarkets/Malls
- Floral Shops
3. TIME
- World Chocolate's Day - 7th of July
- Valentine's Day - 14th of February
4. INFORMATION
- An annual celebration of people around the world who likes to eat chocolates.
- An annual celebration of romance and love.
5. POSSESSION
- Cash payment
- Check payment

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When does an oligopoly act more like a perfectly competitive firm, and when does it act more like a monopolist?

- A perfectly competitive firm is the structure of a market where many buyers and sellers are present for the same kind of goods. Unlike the perfectly competitive firm, oligopoly is the structure of a market where few firms are being dominated to selling similar or differentiated products. Oligopoly firms behave like perfectly competitive firm because oligopoly seek market shares from one another in order to have more market power. If oligopoly compete hard, they may end up acting very much like perfect competitors, driving down costs and leading to zero profits for all.

- Oligopoly acts more like a monopolist when companies collude resulting to oligopoly having control on the production. If oligopoly collude with each other, they may effectively act like a monopoly and succeed in pushing up prices and earning consistently high levels of profit.

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HARRIS, JOHN CHESTER F.                                STOPOVER#05

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HARRIS, JOHN CHESTER F.                                STOPOVER#05

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HARRIS, JOHN CHESTER F.                       STOPOVER#04

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HARRIS, JOHN CHESTER F.                       STOPOVER#04

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UTILITY
1. FORM
- Egg and Milk to make Leche Flan
- Fabric and Thread to make Clothes
2. PLACES
- Computer Shop near University School
- School Appliances Store near Elementary School
3. TIME
- Selling Ice creams on Summer season
- Selling Fireworks on New year's day
4. INFORMATION
- The effects of drinking too much softdrinks.
- The importance of wearing sunscreen everyday to our body.
5. POSSESSION
- Debit cards
- Checks

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HARRIS, JOHN CHESTER F.                           STOPOVER #03

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HARRIS, JOHN CHESTER F.                           STOPOVER #03

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HARRIS, JOHN CHERTER F.                        STOPOVER#02

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HARRIS, JOHN CHERTER F.                        STOPOVER#02

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When does an oligopoly act more like a perfectly competitive firm, and when does it act more like a monopolist?

- I think oligopoly act more like a perfectly competitive firm when Oligopolists are engage in intense competition and rivals each other, which would drive prices down and results in no profits for anyone.

- I think Oligopoly act more like a monopolist when Oligopolists coordinate or collude with each other to form a Cartel which may effectively act like a monopoly because it might succeed in pushing up prices and earn consistently high-level of profits.

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1. FORM

– Coffee Beans to Coffee Beverages

– Raw Meat to Meat Products

2. PLACE

– Bike Accessories/ Service Center along Public Roads

– Food Stalls outside Schools

3. TIME

– Local Barbeque stalls at night

– Selling Bibingka at the time after “Simbang Gabi”

4. INFORMATION

– Application/ Software Description

– Proper Usage of Medicines

5. POSSESSION

–  Cashless Payment Method

–   House Delivery Services

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When does an oligopoly act more like a perfectly competitive firm, and when does it act more like a monopolist?

- Oligopoly will act more like a perfectly competitive firm when new vendors or suppliers comes up with the same certain product from those few suppliers, it will act like a monopolist when these few suppliers become more establish up to the point where they can control and prevent other vendors to produce their product

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HARRIS, JOHN CHESTER F.                                   STOPOVER#01                                 

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HARRIS, JOHN CHESTER F.                                   STOPOVER#01                                 

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EXAMPLE 1
1. FORM – Vegetables
2. PLACE – Market
3. TIME – Anytime
4. INFORMATION – Vegetables are good providers of minerals, especially calcium, iron, and vitamins.
5. POSSESSION – Cash

EXAMPLE 2
1. FORM – Fruits
2. PLACE – Market
3. TIME – Anytime
4. INFORMATION – Fruits are a good source of fiber as well as important vitamins and minerals.
5. POSSESSION – Cash

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OPELAC, ANGELA CHRISTINE S.  STOPOVER #4

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OPELAC, ANGELA CHRISTINE S.  STOPOVER #4

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Write/type 2 more examples of each type of utility
directly on your Padlet tab:

UTILITY

1. FORM
– Stainless steel to knives
– Grapes to wines

2. PLACE
– Department stores in Malls
– Super Market and Grocery stores

3. TIME
– Mall hours
– Anytime the super market and grocery stores are open

4. INFORMATION
–  Benefits of eating cooked food than fast food is a much healthy diet.
– Importance of social distancing is to lessen the spread COVID-19.

5. POSSESSION
– Use of cashless payments through online wallets.
– Cash payment and credit card.

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LET, CHRISTOPHER JOHN                                                      STOPOVER#05

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LET, CHRISTOPHER JOHN                                                      STOPOVER#05

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LET, CHRISTOPHER JOHN                                                  STOPOVER#04

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LET, CHRISTOPHER JOHN                                                  STOPOVER#04

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UTILITY
1. Form - From tasty bread to pizza roll
2. Place - Food /Canteen in universities
3. Time - Selling chocolates or flowers on valentines day
4. Information - High demand of personal computers for online classes
5. Possession - The use of online shopping

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LET, CHRISTOPHER JOHN                                                     STOPOVER#03

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LET, CHRISTOPHER JOHN                                                     STOPOVER#03

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LET, CHRISTOPHER JOHN                                               STOPOVER #02              

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LET, CHRISTOPHER JOHN                                               STOPOVER #02              

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When does an oligopoly act more like a perfectly
competitive firm, and when does it act more like a
monopolist?

In my opinion oligopoly acts more like a perfectly competitive firm when they are on high supply specially on oil based products, they tend to compete for customers to buy their products. And it also acts more like a monopolist when a business entities like Shell or Petron have more stocks than the other and have control over the market.

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LET, CHRISTOPHER JOHN                                  STOPOVER#01      

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LET, CHRISTOPHER JOHN                                  STOPOVER#01      

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REYES, TRENT RUFUS N.                                                           STOPOVER#03

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REYES, TRENT RUFUS N.                                                           STOPOVER#03

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UTILITY
1. FORM - Repair, hardware
2. PLACE - In front of my house, Streets
3. TIME - Opening time until close (no lunch break), every weekday's
4. INFORMATION - When your computer or tablet they are damaged, usage to electronics
5. POSSESSION - Credit card, cash money

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UTILITY
1. FORM – Fruits to use in fermenting vinegar.
2. PLACE – Bakery near RTU
3. TIME – Selling Halloween costumes during all souls day.
4. INFORMATION – Bringing sharp or things that can use to kill is prohibited
5. POSSESSION – The use of E-Wallet

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When does an oligopoly act more like a perfectly competitive firm, and when does it act more like a monopolist?
An oligopoly act operates as a more like a perfectly competitive firm one of the firms makes a sudden change such as raising or lowering prices. While the act like more a monopolist when a company makes agreements on how to sell products or services.

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Reyes, Trent Rufus N.                                  STOPOVER#02

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Reyes, Trent Rufus N.                                  STOPOVER#02

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When does an oligopoly act more like a perfectly competitive firm, and when does it act more like a monopolist?

Oligopoly as Perfectly Competitive

- It happens when the suppliers compete with one another and not agree on each other. They compete in terms of price, quality, etc. When two similar companies (similar in terms of product and/or services) are on head with one another it’s called a duopoly.

Oligopoly as Monopoly
- An oligopoly acts like a monopoly when the suppliers act as one and coordinate with each other forming a cartel (the process of doing this is called a collusion).

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1.FORM – From wire to copper wire, from knit to blanket

2. PLACE – Celebrating of Rizal Day in Rizal Park manila, Wide area like Araneta coliseum for concert or events

3. TIME – The selling of face masks and face shields in a pandemic crisis, Placing a poster on the wall before the election

4. INFORMATION – The benefits of exercise are a healthy body and a good mood. To be hydrated, drink 8 bottles of water.

5. POSSESSION – Victory in the MOBA games

Buying new peripherals for computer

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REYES, TRENT RUFUS N.                            STOPOVER#01

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REYES, TRENT RUFUS N.                            STOPOVER#01

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When does an oligopoly act more like a perfectly competitive firm, and when does it act more like a monopolist?

-I think oligopoly acts like a competitive firm when it comes to different buyers and sellers of the product, which shows that they can keep up with other brands that are already competitive and have a normal profit.

-When it comes to monopolists, who have a barrier to entry, the buyers and sellers implement different types of products that can share and benefit from that which takes control of the supply.

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BASILAN, MARC EXEQUIEL C.              STOPOVER#5    

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BASILAN, MARC EXEQUIEL C.              STOPOVER#5    

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WHEN DOES AN OLIGOPOLY ACT MORE LIKE A PERFECTLY COMPETITIVE FIRM, AND WHEN DOES IT ACT MORE LIKE A MONOPOLIST?

A firm under an oligopoly will exhibit more competitive behavior as they compete with one another for market share to gain more market control. However, if certain businesses conspire they will have control over production and act like a collective monopoly.

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EXAMPLE 1
1. FORM – Sugar cane to make sugar
2. PLACE – Market
3. TIME – anytime
4. INFORMATION – Sugar is essential for coffee and coffee is essential in Philippines.
5. POSSESSION – Cash
EXAMPLE 2
1. FORM – Palay/rice to make cooked rice
2. PLACE – Karinderiya near the school or factories
3. TIME – Morning, afternoon, night
4. INFORMATION – Rice is essential in Philippines
5. POSSESSION – cash, gcash