Market Structure: Monopolistic Competition by Marlies Boyd https://padlet.com/marliesboyd88/ho7248guv2mx Examples to help you understand en-us 2018-07-10 01:19:26 UTC 2023-03-29 04:52:34 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Cornershop.png Monopolistic Competition?? marliesboyd88 https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269789778 Defined as a market structure that does NOT conform to pure competition, products are not homogeneous - they are differentiated.]]> 2018-07-10 01:23:23 UTC https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269789778 Stuyt Dairy: marliesboyd88 https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269790300 A small family-owned dairy in Escalon that makes great Gouda cheese]]> 2018-07-10 01:29:47 UTC https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269790300 Market Structure Charateristics marliesboyd88 https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269790352 1. Many smaller firms - small businesses like Stuyt Dairy Gouda Cheese
2. Differentiated or "Branded" products
3. Still face competition from the "Big guys"
4. Allows greater profit opportunities in the short run.]]> 2018-07-10 01:30:46 UTC https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269790352 Nutcher Milk: marliesboyd88 https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269790630 Another small family-owned dairy in Modesto. Tasty milk in real glass bottles]]> 2018-07-10 01:36:12 UTC https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269790630 Alfieri Farms: marliesboyd88 https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269790828 All kinds of nuts and candies sold exclusively online or at farm markets!]]> 2018-07-10 01:38:36 UTC https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269790828 What do all these small businesses have in common??? marliesboyd88 https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269790930 Monopolilstic Competition!! They are all local, small family-owned businesses that want to differentiate and market their products to increase profitability.]]> 2018-07-10 01:39:55 UTC https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269790930 Cipponeri Family Farms marliesboyd88 https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269791073 Producing fruit and nuts, sold at local farm markets.]]> 2018-07-10 01:41:48 UTC https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269791073 marliesboyd88 https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269791296 2018-07-10 01:45:46 UTC https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269791296 marliesboyd88 https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269791395 2018-07-10 01:47:29 UTC https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269791395 marliesboyd88 https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269791512 2018-07-10 01:48:49 UTC https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269791512 marliesboyd88 https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269907483 2018-07-11 03:43:43 UTC https://padlet.com/marliesboyd88/ho7248guv2mx/wish/269907483