In the following list of markets, discuss which ones would be produced under monopolistic conditions and...

In the following list of markets, discuss which ones would be produced under monopolistic conditions and which ones under an oligopoly. Explain your choices using the characteristics of both markets: (1) Sports Drinks (2) Colleges and Universities (3) Hairdressers (4) Restaurants (5) Hollywood film industry

Expert Solution

In the following list of markets, discuss which ones would be produced under monopolistic conditions and which ones under an oligopoly. Explain your choices using the characteristics of both markets:

(1) Sports Drinks- Oligopoly. Sports drink can differentiate or may have similar products containing energy boosting elements. It is oligopoly as entry is moderately difficult due to a few firms capturing a high market share already. Advertising expenses will be high and price wars are very likely.

(2) Colleges and Universities- Oligopolistic competition: Each college or university have to adhere set syllabus or can design own coursework. Unless a certain academic criteria is met new entry is not possible, Product will be similar or differentiated. However, a certain assessment patterns will be same as per set standards. Competition to get new admissions is higher.

(3) Hairdressers - Monopolistic- Many small service providers exist. Entry is easy. However service experience can be differentiated.

(4) Restaurants- Monopolistic competition- Easy entry and exit. Differentiated product and service design.

(5) Hollywood film industry - Oligopoly- Dominated by a few firm. entry is difficult as capita required is high. Movies are based on differentiated story line plots.

Rahul Sunny answered 1 year ago

List the conditions required for monopolistic competition. Which of these makes monopolistic competition seem like perfect...

List the conditions required for monopolistic competition. Which of these makes monopolistic competition seem like perfect competition and which like monopoly? List the conditions required for oligopoly. State the profit-maximizing conditions under oligopoly Compare the profit-maximizing conditions under monopoly to those under oligopoly. Compare the profit-maximizing conditions under monopolistic competition to those under perfect competition both in the long-run.

An investment would be considered a good prospect under which of the following conditions?

Discuss the conditions under which investors would prefer to hold short-term bonds and when they would...

Discuss the conditions under which investors would prefer to hold short-term bonds and when they would prefer to hold long-term bonds. Find an Internet site that explains duration and how investors should utilize it in determining the appropriate bond investing strategy, given current interest rates and interest rate expectations. Provide a link for your classmates.

List the conditions that define the following market structures: a) Monopolistic competition b) Oligopoly

Which ones are under Operating, Investing, Financing and,The last line Cash. List them under each catergory....

Which ones are under Operating, Investing, Financing and,The last line Cash. List them under each catergory. Shares Outstanding Net Income Cash Flow Depreciation Depletion Amortization C F Net Increase Decrease In Assets Liabilities Cash From Used In Discontinued Operations Other Adjustments Net Net Cash From Used By Operating Activities Increase Decrease In Prop Plant And Equipment Acquisition Disposition Of Subsidiaires Increase Decrease In Investments Other Cas Inflow From Investment Activities Net Cash From Used By Invesment Activities Issuance Purchase Of...

Distinguish between homogeneous and heterogeneous reactions. Which ones are described by boundary conditions and which ones...

Distinguish between homogeneous and heterogeneous reactions. Which ones are described by boundary conditions and which ones manifest themselves in the differential equations

Under what conditions would a seller be willing to sell on consignment? Under what conditions would...

Under what conditions would a seller be willing to sell on consignment? Under what conditions would a seller be willing to sell on terms of cash before delivery? Lastly, Under what conditions would a buyer be comfortable with each of these two extreme terms of sale? (on consignment OR cash before delivery)

Which ones in the following list are properties of a normal density function ? Group of...

Which ones in the following list are properties of a normal density function ? Group of answer choices

Under which conditions or in which situations are in-depth interviews more appropriate, and under which conditions...

Under which conditions or in which situations are in-depth interviews more appropriate, and under which conditions or in which situations are focus groups more appropriate? Please support your answer with additional sources/references and, if possible, provide a short example.

1. Under monopolistic competition, which of the following is true: A) In the short run, the...

1. Under monopolistic competition, which of the following is true: A) In the short run, the firm behaves as a firm in perfect competition. B) In the long run equilibrium, firms will make positive profits. C) If there are economic profits, in the long run new firms enter leading to a decrease in demand for the existing firm. D) All of the above are true. E) None of the above are true 2. In the market equilibrium, a single-price monopolist...

Question