No it is Monopolistic competition.
Most recently, video rental stores have decreased in popularity. Only a few are left including Family Video. The business of video rental has been overtaken by DVD rental kiosks. Redbox has become the most popular DVD rental venue.
Some decent video rental stores would be Redbox, Family Video, Mr. Movies, Blockbuster, Hollywood Video. Redbox is set aside from the rest because it allows kiosk style video/game rentals.
it will lose revenue
Video rental stores are closing left and right as netflex is growing. Your local library offeres video rentals and on line videos at no cost. Ask any teenager and they can also tell you where to check out movies. Our local theater also lists video rentals on the back of the ticket.
United Video is a video rental franchise in New Zealand, with 98 different stores. To locate a store in New Zealand, use the store locator on their web site.
The popular movie rental stores are Blockbuster and Hollywood Video. Most of the live stores have closed down and the market is leaning more toward the kiosks such as Red Box and mail service such as Netflix.
You can rent video games at your local video movie rental places in your area. Some chains include Blockbuster and Rogers Video. I would visit your stores in your areas to compare prices.
In 2005, Family Video reported revenues of approximately $300 million. The company, known for its video rental stores, was one of the largest rental chains in the United States at that time. Family Video's success was attributed to its extensive network of locations and a diverse selection of rental options, including movies, video games, and more.
Video rental stores, movie theaters etc.
Game and Movie Video rental stores sometimes have game consoles for rent
Pure competition-Online auctioning Monopoly-Water and sewer service Monopolistic competition-Video rental stores Oligopoly-Digital camera makers
When you have a monopoly, you are allowed to add houses and hotels to your property increasing the rental amount when someone lands on it.