https://padlet.com/pl127566/rfkxksc4qhy5 Made with big dreams en-us 2019-02-19 15:59:57 UTC 2019-02-19 16:36:42 UTC hello@padlet.com pl127566 https://padlet.com/pl127566/rfkxksc4qhy5/wish/332757142 The wheat industry is an example of pure competition because it is easy to grow and sell. There are many sellers for the product. The prices for wheat begin very low so one consumer will not have much influence on it. ]]> 2019-02-19 16:01:58 UTC https://padlet.com/pl127566/rfkxksc4qhy5/wish/332757142 pl127566 https://padlet.com/pl127566/rfkxksc4qhy5/wish/332761054 Tomatoes classify as pure competition because there are many sellers of the product at low prices which are hard to influence by a single seller. It is also easy to enter the market and there is no participation in non-price competition.]]> 2019-02-19 16:07:34 UTC https://padlet.com/pl127566/rfkxksc4qhy5/wish/332761054 pl127566 https://padlet.com/pl127566/rfkxksc4qhy5/wish/332763646 Nail salons participate in monopolistic competition because they practice non-price competition. One nail salon may claim they are better than the other because that one has better acrylic nail quality as well as a more sanitary environment. ]]> 2019-02-19 16:11:41 UTC https://padlet.com/pl127566/rfkxksc4qhy5/wish/332763646 pl127566 https://padlet.com/pl127566/rfkxksc4qhy5/wish/332765583 Donut shops are monopolistic competitors because they compete with other stores to offer better quality donuts. They can also have better and longer hours of operation. The location of the donut shop influences them as well. For example, a donut shop near a school has more customers than one next to a gym.]]> 2019-02-19 16:14:42 UTC https://padlet.com/pl127566/rfkxksc4qhy5/wish/332765583 pl127566 https://padlet.com/pl127566/rfkxksc4qhy5/wish/332769242 Bank companies are part of an oligopoly because there are only a few large companies in the industry. For example, Chase, Wells Fargo, and Bank of America are the top companies in the banking industry. It is harder for other banks to enter the industry because society is dominated by the few banks. ]]> 2019-02-19 16:19:47 UTC https://padlet.com/pl127566/rfkxksc4qhy5/wish/332769242 pl127566 https://padlet.com/pl127566/rfkxksc4qhy5/wish/332772840 Apple is an example of an oligopoly in technology because it dominates the industry. The major competitors are Apple, Android, and Microsoft. It is hard for another company to try and successfully sell new tech because the public is so committed to Apple. ]]> 2019-02-19 16:25:03 UTC https://padlet.com/pl127566/rfkxksc4qhy5/wish/332772840 pl127566 https://padlet.com/pl127566/rfkxksc4qhy5/wish/332774551 Tap water is a monopoly because it is controlled by one seller, the government. There is only one source of tap water that must be paid at the sold price. No other companies sell tap water that comes out of your shower or faucet. ]]> 2019-02-19 16:27:40 UTC https://padlet.com/pl127566/rfkxksc4qhy5/wish/332774551 pl127566 https://padlet.com/pl127566/rfkxksc4qhy5/wish/332774641 Car Registration is a monopoly because there is only one distributor of the product. The government controls the prices of car registration and can make it whatever price they want. People will pay regardless because they need the registration to operate their vehicle. ]]> 2019-02-19 16:27:47 UTC https://padlet.com/pl127566/rfkxksc4qhy5/wish/332774641