Business Structures by Thomas Norman https://padlet.com/tnorman18/po5vafm4hupd3lo8 My bis en-us 2021-10-25 18:54:21 UTC 2024-06-28 05:09:52 UTC hello@padlet.com Monopolistic Competition is an industry with many firms that provide similar, but different products. tnorman18 https://padlet.com/tnorman18/po5vafm4hupd3lo8/wish/1842747582 2021-10-25 18:58:47 UTC https://padlet.com/tnorman18/po5vafm4hupd3lo8/wish/1842747582 tnorman18 https://padlet.com/tnorman18/po5vafm4hupd3lo8/wish/1845998192 2021-10-26 18:44:55 UTC https://padlet.com/tnorman18/po5vafm4hupd3lo8/wish/1845998192 There are many buyers and sellers. tnorman18 https://padlet.com/tnorman18/po5vafm4hupd3lo8/wish/1846009841 2021-10-26 18:49:55 UTC https://padlet.com/tnorman18/po5vafm4hupd3lo8/wish/1846009841 Competition tends to be more dependant on product quality than price. tnorman18 https://padlet.com/tnorman18/po5vafm4hupd3lo8/wish/1846012841 2021-10-26 18:51:13 UTC https://padlet.com/tnorman18/po5vafm4hupd3lo8/wish/1846012841 tnorman18 https://padlet.com/tnorman18/po5vafm4hupd3lo8/wish/1846015246 2021-10-26 18:52:09 UTC https://padlet.com/tnorman18/po5vafm4hupd3lo8/wish/1846015246 tnorman18 https://padlet.com/tnorman18/po5vafm4hupd3lo8/wish/1846016197 2021-10-26 18:52:34 UTC https://padlet.com/tnorman18/po5vafm4hupd3lo8/wish/1846016197 Pros: Freedom in decision making, higher quality products, low market power, low barrier to entry. tnorman18 https://padlet.com/tnorman18/po5vafm4hupd3lo8/wish/1846034017 2021-10-26 19:00:08 UTC https://padlet.com/tnorman18/po5vafm4hupd3lo8/wish/1846034017 Cons: Excess waste of resources, misleading advertising, excess of capacity, inability to gain high profits. tnorman18 https://padlet.com/tnorman18/po5vafm4hupd3lo8/wish/1846041125 2021-10-26 19:03:13 UTC https://padlet.com/tnorman18/po5vafm4hupd3lo8/wish/1846041125 Netflix is a Monopolistic Competition because it many competitors, (Disney+, Paramount+, HBO Max, Hulu, ect.), and they all sell similar but different products. They sell steaming services to shows and movies, but different shows and movies. tnorman18 https://padlet.com/tnorman18/po5vafm4hupd3lo8/wish/1848642253 2021-10-27 15:33:36 UTC https://padlet.com/tnorman18/po5vafm4hupd3lo8/wish/1848642253