https://padlet.com/lp300658/l6atrd8q3xb7 by Laurel Popin en-us 2019-02-19 16:02:20 UTC 2019-02-19 16:37:52 UTC hello@padlet.com lp300658 https://padlet.com/lp300658/l6atrd8q3xb7/wish/332759148 Wheat is an example of pure competition because there are many industries competing to sell this one product and there is usually a set price and the price is not a factor in competition.]]> 2019-02-19 16:05:02 UTC https://padlet.com/lp300658/l6atrd8q3xb7/wish/332759148 lp300658 https://padlet.com/lp300658/l6atrd8q3xb7/wish/332762902 Corn is an example of pure competition because this industry is not difficult to get into and the prices are not part of the competition.]]> 2019-02-19 16:10:30 UTC https://padlet.com/lp300658/l6atrd8q3xb7/wish/332762902 lp300658 https://padlet.com/lp300658/l6atrd8q3xb7/wish/332764159 Nike is an example of a monopolistic competition because the price does vary based on the competition in the area. Since Nike has many competing shoe brands like  Adidas, and Asics, Nike has to change prices based in the prices of other shoe brands.]]> 2019-02-19 16:12:32 UTC https://padlet.com/lp300658/l6atrd8q3xb7/wish/332764159 lp300658 https://padlet.com/lp300658/l6atrd8q3xb7/wish/332767723 Hotels are also an example of this type of competition because the prices and value of certain things in the hotel vary contently based on the prices and value of other hotel's items and luxuries.]]> 2019-02-19 16:17:50 UTC https://padlet.com/lp300658/l6atrd8q3xb7/wish/332767723 lp300658 https://padlet.com/lp300658/l6atrd8q3xb7/wish/332769867 The Apple IPhones are an example of this type of competition because there are very few competing industries and if this brand has loyal consumers then prices are not really going to be a factor. ]]> 2019-02-19 16:20:41 UTC https://padlet.com/lp300658/l6atrd8q3xb7/wish/332769867 lp300658 https://padlet.com/lp300658/l6atrd8q3xb7/wish/332774409 Android is an example of an oligopoly because the competition in the phone industry is very few and prices are not going to vary significantly based on that competition.]]> 2019-02-19 16:27:25 UTC https://padlet.com/lp300658/l6atrd8q3xb7/wish/332774409 lp300658 https://padlet.com/lp300658/l6atrd8q3xb7/wish/332775576 Microsoft is an example of a monopoly because there is basically no other competing firms, so this industry is allowed to create prices that will satisfy themselves and not necessarily consumers. This industry is also very difficult to get into because you have to create a product that will sell much better than any other product and create no competition.]]> 2019-02-19 16:29:22 UTC https://padlet.com/lp300658/l6atrd8q3xb7/wish/332775576 lp300658 https://padlet.com/lp300658/l6atrd8q3xb7/wish/332779376 Google is an example of a monopoly because there are no other firms that are competing with it and they are allowed to change their prices any way they want, and creating a site similar to google will be extremely difficult.]]> 2019-02-19 16:34:03 UTC https://padlet.com/lp300658/l6atrd8q3xb7/wish/332779376