https://padlet.com/kknight28/mqedipn06rltcl9e en-us 2023-05-11 16:53:49 UTC 2025-12-06 14:18:29 UTC hello@padlet.com https://padlet.net/icons/png/1f603.png kknight28 https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2587591452 2023-05-11 17:54:28 UTC https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2587591452 kknight28 https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2587594455 2023-05-11 17:56:52 UTC https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2587594455 kknight28 https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2587596556 2023-05-11 17:58:34 UTC https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2587596556 kknight28 https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2587599079 2023-05-11 18:00:38 UTC https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2587599079 kknight28 https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2587808157 All of these businesses sell the same products, clothes. But the difference is the style, quality, and price.]]> 2023-05-11 22:11:42 UTC https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2587808157 kknight28 https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2587810104 These products are all crackers, but they are all slightly different]]> 2023-05-11 22:15:22 UTC https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2587810104 kknight28 https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2587818748 Bath & Body Works creates their famous body lotions and shower gels, just like Victoria's Secret. But they are extreme competitors. Their products are basically the same except different scents and labels.]]> 2023-05-11 22:34:32 UTC https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2587818748 kknight28 https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2588139371 The purpose of Bath & Body Works is to supply moisturizing and lasting products that have very unique scents. They have products like shower gels, body sprays, and lotions. Their mission is to provide unmatchable customer service while also selling unique scented products.]]> 2023-05-12 03:54:35 UTC https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2588139371 kknight28 https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2588151520 When sellers in a monopolistic competitive business sell similar products, the differentiations aren't just the physical qualities. That could be the location it's in, the quality, how durable it is, etc.]]> 2023-05-12 04:10:48 UTC https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2588151520 kknight28 https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2588887663 It's fairly easy to enter and exit the monopolistic competition. Since it's easy to substitute the similar products, it's not difficult to create a monopolistic competition business.]]> 2023-05-12 15:45:27 UTC https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2588887663 kknight28 https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2588892212 Because there are so many different businesses that make clothes, shoes, body care, etc. there's a wide variety and choice of products you can buy. For example, if you are buying sneakers, there are many shoe businesses like Nike, Adidas, and Underarmour. They all make sneakers but all slightly different.]]> 2023-05-12 15:49:31 UTC https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2588892212 kknight28 https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2588902528 It's fairly easy to join a monopolistic competition. Unlike a monopoly, there are countless sellers. There are hundreds of clothing stores, shoe brands, perfume brands, etc. It makes it easier for businesses to have a chance to reach the top. For example, if someone wants to make an organic soap business, it will be easy because there are many and isn't a single business run by one seller.]]> 2023-05-12 15:59:18 UTC https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2588902528 kknight28 https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2589006046 Because there are so many fast food restaurants, clothing stores, and grocery stores, there is an excess of businesses, which also leads to waste. For example, if a small town has a Walmart as the only grocery store, everyone will go there. If they add a Target and Cub, the number of people at each store is low, then more products are wasted.]]> 2023-05-12 17:36:16 UTC https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2589006046 kknight28 https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2589051588 Some monopolistic businesses raise their prices higher than perfect competition businesses because their products differentiate from others so they can have some sort of power over the market. For example, Gucci, Dior, and Louis Vuitton hold more power over clothing businesses like Hollister and Pacsun because they raise their prices more than other businesses.]]> 2023-05-12 18:21:26 UTC https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2589051588 kknight28 https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2591781899 2023-05-15 18:49:57 UTC https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2591781899 kknight28 https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2591796244 2023-05-15 19:00:53 UTC https://padlet.com/kknight28/mqedipn06rltcl9e/wish/2591796244