eBay has ruled for a very long time but alternative auction and classified websites like ebid, ubid, Craigslist, gumtree and even Amazon Marketplace could make a difference as sellers look for alternative channels.
pure competition
My views are very much depend which focus area that you intend to discuss; 1) Coffee Plantation Industry is perfect competition 2) Coffee Retail Industry is Monopolistic Competition
do your own BUSS1040 assignment
Subway's market structure is a monopolistic competition. Subway competes in its industry in terms of similar price points for its products along with having similar products.
no
pure competition
My views are very much depend which focus area that you intend to discuss; 1) Coffee Plantation Industry is perfect competition 2) Coffee Retail Industry is Monopolistic Competition
do your own BUSS1040 assignment
A monopoly is an industry or business having no competition.
Baseload plants allow competition in the power industry.
Subway's market structure is a monopolistic competition. Subway competes in its industry in terms of similar price points for its products along with having similar products.
If you are referring to a "perfect competition"- you could define it as the most extreme type of competition, with many buyers . So, there are many companies selling the exact same product, without a restriction on new companies entering into the industry. If your sales accounted for in the industry are low (using percentage), you have a higher competition. On the contrary, if you have say 98% of sales in the industry you are monopolistic in competition. Examples of competitive industries would be clothing and textiles. Just for thought-There are many companies that sell these items.
Pestleg is the macroenvironment breakdown of a company's industry which they compete. Pollitical, Economic, Social/Demographic, Technological, Legal, Environmental, and Global.
Competition for land, trade, and industry increased
no
Oligopolic!
· Two firms in the industry · Strong control over price. · Uses Non price competition to compete · Very strong Barriers to entry