0
What else can I help you with?
Why perfect competition also known monopolistic competition?
Perfect competition and monopolistic competition are distinct market structures, but they share some similarities. Perfect competition features many firms selling identical products, leading to no single firm influencing market prices. In contrast, monopolistic competition has many firms as well, but they sell differentiated products, allowing for some degree of market power. The term "monopolistic" in monopolistic competition refers to this ability of firms to set prices above marginal cost due to product differentiation, which is not present in perfect competition.
What term is used to describe a business that becomes so large it literally swallows up the competition?
MONOPOLY
What term is used to describe a business that becomes so large that iy literally swallows up the competition?
The term used to describe a business that becomes so large that it effectively "swallows up" the competition is "monopoly." In a monopoly, a single company dominates a market, often leading to reduced competition and potentially higher prices for consumers. This can occur through acquisitions, mergers, or aggressive business practices that drive competitors out of the market.
How does Monopolistic Competition differ from Oligopolistic Competition?
"Monopolistic Competition" is, unless I'm missing something, an oxymoron. "Monopoly" implies "no competitors," so who, precisely, is the monopoly supposed to be competing with? In an oligopoly, there are a few competitors, so there actually could be some competition; however, the term is generally used in a trust situation where the "competitors" more or less agree not to actually compete.
What are the four types of competition in marketing channel?
Horizontal competition, Inter-type competition, vertical competition, channel system competition
What is the term used when thrown out of a competition?
Disqualified. they are no longer qualified to compete in the competition. ;]
What is another term for pacemaker competition?
Another term for pacemaker competition is "leadership competition." This concept refers to the competition among various entities, such as cells or organisms, to establish dominance or control in a particular environment, often influencing the overall dynamics and outcomes within a system.
What happens if two athletes draw a competition?
Draw is another term for tie ... the athletes would have tied in whatever competition they were in.
What is another term in the United Stares for competition law?
Another term in the United States for competition law is Anti-trust law. You can get information about this at the Wikipedia. Once on the website, type "Competition law" into the search field at the top of the page and press enter to bring up the information.
What is Shield Cricket?
Shield cricket is the term used for the First Class Australian 4 day cricket competition. Widely regarded as the strongest domestic competition in the world The Term comes from the name given to the competition "Sheffield Shield" where team compete for a trophy that looks like a shield.
Why is it not good to have political competition?
Political competition is generally beneficial as it fosters accountability, encourages diversity of ideas, and provides voters with choice. However, excessive competition can lead to polarization, gridlock, and a focus on short-term goals rather than long-term solutions. Striking a balance between healthy competition and collaboration is important for effective governance.
What is the term for competition between countries to see who has most weapons?
"Arms Race"
What is the term used when a struggle occurs between organisms for food water and energy when resources are limited?
Competition. The struggle of the fittest. The survival of the fittest.
What is the name for the term defining the competition to possess the mose powerful and largest aresenal of nuclear weapons?
The term arms race, in its original usage, describes a competition between two or more parties for real or apparent military supremacy.
How do you translate competition act in marathi language?
The term "Competition Act" can be translated into Marathi as "स्पर्धा अधिनियम" (Spardha Adhiniyam). This refers to the legislation that aims to promote fair competition and prevent monopolistic practices in the market.
What is meant by the term hammering?
There is no information for the term hammering. However, the term "Hammered" means to be very drunk, intoxicated, it can also mean badly beaten at a game or competition.
What is the term for competition between countries who can create the most powerful weapons?
An "arms race".
