https://padlet.com/khelgese/2vel4qq3qvhhrvce monopolistic competition en-us 2021-10-25 18:46:24 UTC 2021-10-26 18:46:20 UTC hello@padlet.com https://padlet.net/icons/png/1f98d.png khelgese https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843466791 different coffee brand compete for your sale by selling similar varieties of drinks]]> 2021-10-26 01:28:12 UTC https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843466791 khelgese https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843518342 companies use ads/phrases like "vegan" or "fresh" to win you over]]> 2021-10-26 01:47:29 UTC https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843518342 khelgese https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843526463 companies also use famous people in their ads to persuade others to buy their products]]> 2021-10-26 01:50:34 UTC https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843526463 khelgese https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843549416 you can start your own business at anytime in the monopolistic field]]> 2021-10-26 01:59:12 UTC https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843549416 khelgese https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843579228 different water brands use different packaging to win over customers]]> 2021-10-26 02:11:25 UTC https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843579228 khelgese https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843633738 Advantage one- the consumers have the same information as the business
example- calories or nutrition facts on menus]]> 2021-10-26 02:33:52 UTC https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843633738 khelgese https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843637399 advantage two- always active environment
example- price changes, new products, specials]]> 2021-10-26 02:35:20 UTC https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843637399 khelgese https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843646477 advantage three- a high variety of similar products
example- starbucks,dunkin and caribou menus]]> 2021-10-26 02:38:53 UTC https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843646477 khelgese https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843682167 disadvantage one- lack of standardized goods
example- starbucks known for their coffee can/has ran out of coffee and coffee cups]]> 2021-10-26 02:52:34 UTC https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843682167 khelgese https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843711885 disadvantage two- excess of capacity
example- long lines could lose consumers or business having to turn people down]]> 2021-10-26 03:04:36 UTC https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843711885 khelgese https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843732663 disadvantage three- inefficient distribution of resources
example- deciding on who to give resources to, such as if a drought happened]]> 2021-10-26 03:14:11 UTC https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1843732663 khelgese https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1845864749 starbucks will come out with secret menu items and seasonal drinks to keep customers active with their company]]> 2021-10-26 17:53:35 UTC https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1845864749 khelgese https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1846001506 many different companies compete for your attention by having/producing similar products]]> 2021-10-26 18:46:20 UTC https://padlet.com/khelgese/2vel4qq3qvhhrvce/wish/1846001506