Find an example of consumer product market that fits John Sutton’s theory of the domination of brand-named firms and discuss why this is the case. Would his theory fit other types of industries? Why or why not
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Find an example of consumer product market that fits John Sutton’s theory of the domination of brand-named firms and discuss why this is the case. Would his theory fit other types of industries? Why or why not?
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- These two cases provide examples of markets that are characterized neither as perfect competition nor monopoly. Instead, these firms are competing in market structures that lie between the extremes of monopoly and perfect competition. How do they behave? Why do they exist?Discuss the Duopoly Model with Product Differentiation, explain the effects of Product Differentiation and compare them with Homogeneous Goods Duopoly Competition. Try to find real life examples for such Duopolies and discuss relevant literature.Pick an industry where there is a dominant firm. Assume that you are the CEO of that firm. What specific measures would you take to deter entry, if any?
- Which type of competition is characterized by a large number of firms, heterogeneous products and low cost of entry and exit?Discuss the major barriers to entry into an industry. Explain how each barrier can foster either monopoly or oligopoly. Which barriers, if any, do you feel give rise to monopoly that is socially justifiable?Evaluate the model of Monopolistic Competition. What are the key assumptions? Do you think this model is useful for explaining many "real world" businesses? Why or why not? How does it compare in this regard to the models of perfect competition and monopoly?
- May I know for Question 3, the industry is monopoly or oligopoly?Discuss how the monopoly and monopolistic competition market structures differ from perfect competition. Where do you expect the price and quantity to be the lowest/highest? Give some examples of such industries.Compare the market structure of monopoly to perfect competition.how do they differ
- we know that the perfumes are differentiated. So what kind of market is the perfume market is it a perfect competition, monopolistic competition, oligopoly, or monopoly? please explain.Define each of the following markets: Monopoly, Perfect competition, Monopolistic Competition, or Oligopoly Answer all asapWould delivery pizza in a large city be best described as a perfect competition, monopolistic competition, oligopoly, or monopoly and why?