Market Structure Scenarios by Emily https://padlet.com/18howee/wme3oqfn05cw en-us 2018-03-15 01:47:00 UTC 2026-02-03 16:05:19 UTC hello@padlet.com Apple v. Samsung- Monopolistic Competition 18howee https://padlet.com/18howee/wme3oqfn05cw/wish/242163103 Monopolistic competition is where a market has many competitors, but each makes a slightly different product that competes with the others'. Each has a monopoly or near-monopoly in their product. 

Apple and Samsung both compete in the smartphone market, but their phones are fairly different from each other. Apple has a monopoly on Iphones, and Samsung has a monopoly on their Galaxies, but the two products are similar enough to compete with eachother


 
]]> 2018-03-15 01:48:47 UTC https://padlet.com/18howee/wme3oqfn05cw/wish/242163103 Apple v. Samsung Logos 18howee https://padlet.com/18howee/wme3oqfn05cw/wish/242164719 2018-03-15 01:58:06 UTC https://padlet.com/18howee/wme3oqfn05cw/wish/242164719 Xbox v PS4- Non-price competition 18howee https://padlet.com/18howee/wme3oqfn05cw/wish/242165325 Non-price competition is when two products compete on things other than price. 

The Xbox One S and the PS4 are currently within $30 of each other in price, which is barely anything in the video game/electronics industry. Therefore, the two consoles are not competing based on price, but rather on brand loyalty and quality (quality being, in this case, things like user-friendliness, available games, apps & features, etc). 



]]> 2018-03-15 02:02:10 UTC https://padlet.com/18howee/wme3oqfn05cw/wish/242165325 Xbox v PS4 Logos 18howee https://padlet.com/18howee/wme3oqfn05cw/wish/242166021 2018-03-15 02:07:11 UTC https://padlet.com/18howee/wme3oqfn05cw/wish/242166021 American Mass Media- Oligopoly 18howee https://padlet.com/18howee/wme3oqfn05cw/wish/242166307 An oligopoly is usually classified as occuring when the top four(ish) firms own 70-80%+ in their market.

The media/entertainment industry in America is currently at oligopoly status, with the six top firms (Disney, Time Warner, CBS,  Viacom, NBS, and Rupert Murdoch's New Corporation) owning 90% of the market. 


]]> 2018-03-15 02:09:24 UTC https://padlet.com/18howee/wme3oqfn05cw/wish/242166307 Oligopoly Logos 18howee https://padlet.com/18howee/wme3oqfn05cw/wish/242167105 2018-03-15 02:15:27 UTC https://padlet.com/18howee/wme3oqfn05cw/wish/242167105 Gas Stations- Price Wars 18howee https://padlet.com/18howee/wme3oqfn05cw/wish/242167266 In price wars, the lowest price wins- and so do the consumers. 

An example of this would be gas stations near to eachother, who decided to start lowering their prices to get more business, which causes the neighboring gas stations to also lower their prices to stay competitive- and so on and so on. 

]]> 2018-03-15 02:16:45 UTC https://padlet.com/18howee/wme3oqfn05cw/wish/242167266 Price War Logos 18howee https://padlet.com/18howee/wme3oqfn05cw/wish/242167602 2018-03-15 02:19:53 UTC https://padlet.com/18howee/wme3oqfn05cw/wish/242167602