https://padlet.com/lm434621/m4uy86rkg64y Laura Valentina Martinez Martinez en-us 2019-02-19 19:43:39 UTC 2019-02-20 01:50:08 UTC hello@padlet.com lm434621 https://padlet.com/lm434621/m4uy86rkg64y/wish/332903685 A good example of a pure competition product is soda because there are so many firms that sell the product and they can not control the price of it. ]]> 2019-02-19 19:52:20 UTC https://padlet.com/lm434621/m4uy86rkg64y/wish/332903685 lm434621 https://padlet.com/lm434621/m4uy86rkg64y/wish/332992179 Agricultural products such as corn are good examples of pure competition because is easy to be part of the business. ]]> 2019-02-20 00:54:59 UTC https://padlet.com/lm434621/m4uy86rkg64y/wish/332992179 lm434621 https://padlet.com/lm434621/m4uy86rkg64y/wish/332992872 In the case of restaurants, each one offers something different and possesses an element of uniqueness, but all are essentially competing for the same customers.]]> 2019-02-20 00:57:30 UTC https://padlet.com/lm434621/m4uy86rkg64y/wish/332992872 lm434621 https://padlet.com/lm434621/m4uy86rkg64y/wish/332998879 Hotels and pubs are a good example because even if they have competition they are able to convince the consumers that they are the best option for them. ]]> 2019-02-20 01:25:24 UTC https://padlet.com/lm434621/m4uy86rkg64y/wish/332998879 lm434621 https://padlet.com/lm434621/m4uy86rkg64y/wish/332999873 The auto industry is another example of an oligopoly, with the leading auto manufacturers in the United States being Ford (F), GMC, and Chrysler.

]]> 2019-02-20 01:29:32 UTC https://padlet.com/lm434621/m4uy86rkg64y/wish/332999873 lm434621 https://padlet.com/lm434621/m4uy86rkg64y/wish/333000730 The music entertainment industry is dominated by Universal Music Group, Sony, BMG, Warner and EMI Group.

]]> 2019-02-20 01:32:56 UTC https://padlet.com/lm434621/m4uy86rkg64y/wish/333000730 lm434621 https://padlet.com/lm434621/m4uy86rkg64y/wish/333001124 A pure monopoly faces little competition because of high barriers to entry, such as high initial costs, or because the company has acquired significant market influence through network effects, such as Facebook, for instance.]]> 2019-02-20 01:34:29 UTC https://padlet.com/lm434621/m4uy86rkg64y/wish/333001124 lm434621 https://padlet.com/lm434621/m4uy86rkg64y/wish/333003492 Microsoft  is a good example because many computer users have standardized on software products compatible with Microsoft's Windows operating system.]]> 2019-02-20 01:43:14 UTC https://padlet.com/lm434621/m4uy86rkg64y/wish/333003492