Market types by Bennett Lambert https://padlet.com/bl416840/yym241qj59ev Bennett Lambert en-us 2019-02-19 16:01:14 UTC 2019-02-19 16:37:13 UTC hello@padlet.com pure competition (apples) bl416840 https://padlet.com/bl416840/yym241qj59ev/wish/332759008 competition between apple producers is pure competition because they're easy and cheap to grow. the price also cant be changed ]]> 2019-02-19 16:04:51 UTC https://padlet.com/bl416840/yym241qj59ev/wish/332759008 pure competition (gold) bl416840 https://padlet.com/bl416840/yym241qj59ev/wish/332760835 while gold itself is very expensive, the gold mining industry is not a very profitable business. there are many companies selling gold, all competing; gold markets are also closely linked to financial markets, making it pure comp.]]> 2019-02-19 16:07:13 UTC https://padlet.com/bl416840/yym241qj59ev/wish/332760835 monopolistic competition (pharmacies) bl416840 https://padlet.com/bl416840/yym241qj59ev/wish/332765114 in monopolistic competition, competing firms provide similar products to their customer base but attempt to entice you through discounts, more locations, etc. pharmacies are a good example of this. Wallgreens and CVS have virtually the same products and services and are in competition with e/o

]]> 2019-02-19 16:14:00 UTC https://padlet.com/bl416840/yym241qj59ev/wish/332765114 monopolistic competition (hardware/ home improvement stores) bl416840 https://padlet.com/bl416840/yym241qj59ev/wish/332771068 in monopolistic competition, competing firms provide similar products to their customer base but attempt to entice you through discounts, more locations, etc. home improvement/ hardware stores for example, all share similar goods and services and prices, and are competing with one another. there are only a handful of large home improvement stores (Lowes, home depot, sears home improvement etc)]]> 2019-02-19 16:22:25 UTC https://padlet.com/bl416840/yym241qj59ev/wish/332771068 oligopoly (auto industry) bl416840 https://padlet.com/bl416840/yym241qj59ev/wish/332773872 the auto industry is an example of an oligopoly, with the leading auto manufacturers in the United States being Ford (F), GMC, and Chrysler
this is an oligopoly because there are very few firms in competition ]]> 2019-02-19 16:26:32 UTC https://padlet.com/bl416840/yym241qj59ev/wish/332773872 oligopoly (cell service providers) bl416840 https://padlet.com/bl416840/yym241qj59ev/wish/332775512 While there are smaller cell phone service providers, the providers that tend to dominate the industry are Verizon , Sprint , AT&T, and T-Mobile. this is an oligopoly because there are few companies that dominate the industry ]]> 2019-02-19 16:29:16 UTC https://padlet.com/bl416840/yym241qj59ev/wish/332775512 monopoly (public utilities) bl416840 https://padlet.com/bl416840/yym241qj59ev/wish/332777901 distribution of water, natural gas, electricity etc to our homes is controlled by one firm. under a certain license, it is impossible for other firms to attempt to compete, making it a monopoly ]]> 2019-02-19 16:32:11 UTC https://padlet.com/bl416840/yym241qj59ev/wish/332777901 monopoly (Trucking and railroad companies became monopolistic after the establishment of the Interstate Commerce Commission (ICC), in 1887, which imposed heavy costs on start-up transportation competition. The regulatory agency's original purpose was to regulate railroads and trucking to ensure fair rates and to regulate other aspects of common carriers, including interstate bus lines and telephone companies. bl416840 https://padlet.com/bl416840/yym241qj59ev/wish/332780559 2019-02-19 16:36:05 UTC https://padlet.com/bl416840/yym241qj59ev/wish/332780559