https://padlet.com/eklukas/emi1gr7h38n1 what makes monopolistic competition molistic en-us 2017-10-31 21:43:36 UTC 2023-06-21 01:17:46 UTC hello@padlet.com eklukas https://padlet.com/eklukas/emi1gr7h38n1/wish/202537515 Nike is an example of monopolistic competition because they have an aspect missing of perfect competition because their products are not exactly like their competitors Under Armour and Adidas.]]> 2017-11-01 14:55:27 UTC https://padlet.com/eklukas/emi1gr7h38n1/wish/202537515 eklukas https://padlet.com/eklukas/emi1gr7h38n1/wish/202730613 https://youtu.be/2U6vKwAAmqY
    Tells us the evolution in Nike and how it has become popular ever since it has been around. Nike got it’s name from swoosh like in sports. Phil Knight the founder reached a deal with a Japanese shoe company “Ontisuka Company” allowing him to distribute Tiger running shoes in Western US.

]]> 2017-11-01 22:33:12 UTC https://padlet.com/eklukas/emi1gr7h38n1/wish/202730613 eklukas https://padlet.com/eklukas/emi1gr7h38n1/wish/203138252 No significant barriers to the entry. Meaning markets are relatively contestable.
More efficient than monopoly but less efficient than perfect competition.
Consumers are becoming more knowledgable of their products

]]> 2017-11-02 22:52:16 UTC https://padlet.com/eklukas/emi1gr7h38n1/wish/203138252 eklukas https://padlet.com/eklukas/emi1gr7h38n1/wish/203163268 Higher Prices
Advertising can have negative impacts on consumer sovereignty.

]]> 2017-11-03 02:22:05 UTC https://padlet.com/eklukas/emi1gr7h38n1/wish/203163268 eklukas https://padlet.com/eklukas/emi1gr7h38n1/wish/203326222 Chart shows Monopolistic competition ]]> 2017-11-03 15:03:04 UTC https://padlet.com/eklukas/emi1gr7h38n1/wish/203326222 eklukas https://padlet.com/eklukas/emi1gr7h38n1/wish/203328814 Nike, Adidas, and Under Armour are going against each other in sport brands.

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