Question

Name a product that you regularly purchase from a firm that operates in an oligopolistic industry. Explain why the product and firm fit the model of oligopoly. Think about the TV commercials and/or print advertisements that you’ve seen from this industry: What interdependence have you noticed between the firm you selected and its rivals in terms of product differentiation, price leadership, or price competition? Explain your answer.

Answer 1

ANSWER:

There are different item, for example, advanced mobile phone, satellite TV , vehicle industry and gas industry are model from a firm that works in an oligopoly industry.

Digital TV just as car industry are an ideal case of an oligopoly industry as these organizations fit in an oligopoly in such a route as follows :

• An oligopoly enterprises is ruled by modest number of huge firm, for example, automobile industry in the commercial center

• Firms has been sell in the market marginally separated item which upgrades or expands the deals radically.

• The business has high boundaries of section in light of the fact that the automobile business has required gigantic venture just as high techinque of accomplishing the work in efficient and intelligent.

In print promoting we have seen that they contend with one another on the premise shading or appearnce if there should be an occurrence of car industry consistent and dynamic choices are taken by an oligopoly industry. In an auto portable industry , all organizations are associated on one another and they can't act freely from one another.A firm working in the market with only a couple of contenders must take the potential response of the client in most ideal way just as intelligent choice has been considered.

They should set the cost together so as to procure greatest benefit from the business scanerio in sensible way.

PLEASE UPVOTE.