https://padlet.com/nb136583/s5oiqn1wdlsn Nick Burlbaw & Will Parten en-us 2019-02-19 18:20:47 UTC 2026-02-07 06:10:59 UTC hello@padlet.com nb136583 https://padlet.com/nb136583/s5oiqn1wdlsn/wish/332851179 A taco stand is an example of pure competition because there are a variety of sellers and consumers and a number of small firms that compete against each other to make the largest profit. One single taco firm or business does not have ultimate authority of another taco firm or business.]]> 2019-02-19 18:27:44 UTC https://padlet.com/nb136583/s5oiqn1wdlsn/wish/332851179 nb136583 https://padlet.com/nb136583/s5oiqn1wdlsn/wish/332853358 Another example of pure competition is the stock market. The stock market shows us that the price of goods will remain the same for buyers and sellers. Everybody is a price-taker, which means that they must accept the market price. Buyers are capable of knowing what amount of marginal utility they will receive from consuming that specific product.]]> 2019-02-19 18:30:55 UTC https://padlet.com/nb136583/s5oiqn1wdlsn/wish/332853358 nb136583 https://padlet.com/nb136583/s5oiqn1wdlsn/wish/332857414 Chip companies are monopolistic competitors because they sell similar but slightly different products which allows them to change their price and will not have an effect on their competition. ]]> 2019-02-19 18:36:53 UTC https://padlet.com/nb136583/s5oiqn1wdlsn/wish/332857414 nb136583 https://padlet.com/nb136583/s5oiqn1wdlsn/wish/332859283 Fast food franchises are deemed as monopolistic completion because of what types of food they offer to consumers. Examples such as McDonald's, Wendy's, Whataburger, and Burger King all sell very similar fast food meals but can change the price and options of those meals.]]> 2019-02-19 18:39:53 UTC https://padlet.com/nb136583/s5oiqn1wdlsn/wish/332859283 nb136583 https://padlet.com/nb136583/s5oiqn1wdlsn/wish/332861174 A variety of gaming companies can make large profits by owning smaller types of businesses and firms. They can compete against each other or collaborate to gain authority over the other completion. Xbox, PlayStation, Nintendo all have similar product shares in order to maximize profits or compete against each other.]]> 2019-02-19 18:43:02 UTC https://padlet.com/nb136583/s5oiqn1wdlsn/wish/332861174 nb136583 https://padlet.com/nb136583/s5oiqn1wdlsn/wish/332863483 Smart phone, tablet, computer companies are a good example of oligopolies because they bring in largest profits through plans to use each plan to charge consumers to use their smart phone or tablets for things like shopping or completing tasks for labor. Companies like Apple, Samsung, and Google all use different types of technology to use in their products to male large profits but also compete against each other.]]> 2019-02-19 18:46:43 UTC https://padlet.com/nb136583/s5oiqn1wdlsn/wish/332863483 nb136583 https://padlet.com/nb136583/s5oiqn1wdlsn/wish/332867336 Airbnb is a monopoly where sellers can put their houses up for rent and consumers can make bargain to rent out that house. There are more airbnb's than hotels and they own a lot of stock over other smaller companies. They are dominating the hotel, vacation industry and no one can take their ideas of putting houses up for rent to other consumers.]]> 2019-02-19 18:51:57 UTC https://padlet.com/nb136583/s5oiqn1wdlsn/wish/332867336 nb136583 https://padlet.com/nb136583/s5oiqn1wdlsn/wish/332869546 The Google Search engine is a huge monopoly because a very large amount of consumers use this every single day. Yes, there are other companies like this but none can compare to the most reliable search engine. At one of the most valuable companies in the world is makes large profits to out gain the completion but nearly 70%. This will insure customer loyalty and quality for years to come.]]> 2019-02-19 18:55:06 UTC https://padlet.com/nb136583/s5oiqn1wdlsn/wish/332869546