https://padlet.com/kh435876/zkvs7dnjhcax Karen Herrera 5th en-us 2019-02-26 16:17:29 UTC 2019-02-28 20:11:48 UTC hello@padlet.com kh435876 https://padlet.com/kh435876/zkvs7dnjhcax/wish/335448275 A market that has a broad range of competitors who are selling the same products. The products being sold would be identical, which removes the option of one seller offering something different or better than another seller. ]]> 2019-02-26 16:23:12 UTC https://padlet.com/kh435876/zkvs7dnjhcax/wish/335448275 kh435876 https://padlet.com/kh435876/zkvs7dnjhcax/wish/335448530 A monopolistic Competition os when there are a large number of firms that produce differentiated products which are close to substitute for each other so they have to convinve their customres/ buyers that their products are better in quality and price. ]]> 2019-02-26 16:23:37 UTC https://padlet.com/kh435876/zkvs7dnjhcax/wish/335448530 kh435876 https://padlet.com/kh435876/zkvs7dnjhcax/wish/335448790 An ologopoly is a market shared by a small number of producers or sellers. Oligopoly has some barriers to entry to enable firm to gain a significant marekt share. They have stable prices and firms concentrate on non-price competition]]> 2019-02-26 16:24:02 UTC https://padlet.com/kh435876/zkvs7dnjhcax/wish/335448790 kh435876 https://padlet.com/kh435876/zkvs7dnjhcax/wish/335449282 A monopoly is the exclusive possession or control of the supply of or trade in a commodity or service. Only one person is in charge. A unique product is in the market. The seller faces no competition. He is the sole seller of the goods with no subsides. Can change the prices at any given time. ]]> 2019-02-26 16:24:46 UTC https://padlet.com/kh435876/zkvs7dnjhcax/wish/335449282 kh435876 https://padlet.com/kh435876/zkvs7dnjhcax/wish/336065269 A perfect example of pure competition is agriculural market. Their are many markets with different farmers and locations, but the products that they sell are usually the same goods and prices. ]]> 2019-02-27 18:26:40 UTC https://padlet.com/kh435876/zkvs7dnjhcax/wish/336065269 kh435876 https://padlet.com/kh435876/zkvs7dnjhcax/wish/336609790 DeBeers and diamonds: Debeer bought all the diamond supply. So now he is considerd the only sole producer of all diamonds. He has the capability to change the prices and manage how the whole businnes of diamonds is handled. ]]> 2019-02-28 19:46:43 UTC https://padlet.com/kh435876/zkvs7dnjhcax/wish/336609790 kh435876 https://padlet.com/kh435876/zkvs7dnjhcax/wish/336614383 A car manufacturng business is an example of an oligopoly. Their are only a few leading companies sch as Ford, GMC, and Chrysler. The prices and the development and the introduction of a new car model into the car market is a good way that the oligopoly characteristics are being shown. ]]> 2019-02-28 19:54:13 UTC https://padlet.com/kh435876/zkvs7dnjhcax/wish/336614383 kh435876 https://padlet.com/kh435876/zkvs7dnjhcax/wish/336618957 A Barber shop would be a great exmple of a monopoly competition. There are many barber shop in the world with the same services eing offered. However the seller has the choice and oportunity to convince customers that their products are different from those of other sellers, and compete with each other by lowering prices. ]]> 2019-02-28 20:02:22 UTC https://padlet.com/kh435876/zkvs7dnjhcax/wish/336618957