0
A monopolistic competition market structure gives the consumers more choice. A monopolistic competition market offers more producers and many consumers in the market, and no business has total control over the market price.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoOilgopoly is a market structure that does not limit customer choice because few firms dominate giving control to the consumer and business to have influence. Oligopoly is the converse of monopoly.
Add your answer:
Earn +20 pts
What is an agreement among firms to divide the market or set prices or limit production called?
collusion
What is floor price in share market?
A floor price is a group-imposed price limit on how low a price can be charged for a product.
Do you agree that in the market place the consumer is king?
yes.the consumer determine the success and failture of every commercial and industrial enterprise.consumer are sources of repeat sales and also source of testimonies and reference.for every marketing plan to be adequate whether from producer or middlemen point of view it must begain with the consumer.this is because it is in satisfying the want and need of the consumer that a marketer justify existence under our economic system the ultimate consumer('one who make use of good to satisfy his personal or household need')within the limit set by is income is relatively free to consumed what he please.because of his freedom manufacturers and middldmen if they are to make profit and justify their estistance must satisfy the consumer want.the retailer must endeavour to offer the good the consumer want when he want it.how he want it where he want it.and at the price he is able and willing to pay.the same rule also applies to the manufacture he should adopt his policies and method to the interest of the consumer.with all this consumer is king.by chioma ejiofor peace.desul 2010
What is the Wyoming usury rate?
The usury rate for Wyoming is defined as follows: 36% on the first $1,000 21% on the amount between $1,000 and $49,999 No limit on interest rate for consumer loans exceeding $50,000.
What is the main reason why formal institutions limit alliances and acquisitions in the areas of formal market entry modes?
Many governments discourage acquisitions in order to establish local-only subsidiaries.
What system of rationing was designed to limit?
to limit the purchase of consumer goods i believe
Limit availability of consumer products?
ratio
How do consumers benefit in a highly competitive market?
In a highly competitive market, people will be trying to sell identical goods, to the same consumer, and the consumer will have a choice of, who to buy from, and ideally, we, as consumers would look for the cheapest one, and the highest quality, and markets, will fight, *price wars* lowering their price until a certain limit. Some companies will be able to drop charges as long as the other one, until they hit a point where if they hit a certain price, they will be losing money. So we as consumers, benefit from these price drops.
What is the limit for kids choice awards?
20
What is the limit of human choice?
Death and taxes : )
System of rationing designed to limit?
Purchases of consumer goods
A severe restriction occurs to the availability of consumer credit throughout the banking and finance system?
Set a limit to consumer.
What is meant by a credit limit?
Credit limit is the largest amount of money a consumer can charge on a credit card. The amount equals the amount of credit extended to a consumer. Charges over this amount are usually allowed, but expect to pay an "over-the-limit" fee.
Which method is good limit state method or working stress method?
The methods depend based on the type of structures. for eg. for water Retaining structures the Working stress method gives good life and for other structures which is not exposed to water, mostly limit state design works.
How much money did Vertical Limit gross domestically?
Vertical Limit grossed $68,473,360 in the domestic market.
Is there a limit on what the repo man can charge?
No, he can charge what the market will bear.
What is limit state method?
The limit state method is advantageous because all the limit states are checked to ensure that they will survive future conditions such as structural stress. The limit state method ensures that the structures can withstand a lot of pressure and remain durable.
