Pure competition-Online auctioning Monopoly-Water and sewer service Monopolistic competition-Video rental stores Oligopoly-Digital camera makers
scope and limitation about video rental system
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.
There are many online video rental services, the largest being Netflix. In a recent report by a consumer magazine, it was rated the best video rental service available online.
The Preferred video rental plan has a fixed membership fee of $8.75 and charges $2 per video rental, while the Regular video rental plan charges a flat rate of $3.25 per rental without a membership fee. To determine which plan is more cost-effective, one can compare the total costs based on the number of rentals. If a customer rents multiple videos, the Preferred plan may offer savings due to its lower rental fee, especially for frequent renters.
As of July 2014, the market cap for Essex Rental Corporation (ESSX) is $57,289,709.40.
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.
That will depend entirely on the Rental company and the market/location.
5.00 to 10.00
i knew how to draw the activity diagram fro video rental system but i dont know how to attach it here
market structure of Australia
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.