nokia, Samsung , sony ericsson , LGand i-mobile are good examples but there are better examples. The best are the ones that you don't know about because it shows how far they reach. For example; did you know Philip Morris owned Kraft? (not sure if they still do) . But in my opinion the most monoplistic companies are the few food distributors that exist in the United States : Monsanto and DuPont (RE: The Future of Food) also look into Walmart ( RE: The High Cost of Low Prices) and don't forget the auto industry; FORD, GMC and Toyota ( RE: Who Killed The Electric Car?). Chevron
Virgin JP Morgan General Electric, Federal Reserve, Bilderberg Group / Trilateral Commission / Council on Foregin Relations, World Bank. But the Federal Reserve might be the best because they monopolize the entire world, they control the money supply and what is awarded to the federal banks but the federal reserve is a company, and is not regulated or goverened by any government.
role of market and government in economy
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No, Ford is not an example of perfect competition. Perfect competition is characterized by many buyers and sellers, homogeneous products, and easy entry and exit from the market. Ford operates in the automotive industry, which has few large firms, differentiated products, and significant barriers to entry, making it an example of an oligopoly rather than perfect competition.
A flea market can be considered an example of perfect competition to some extent, as it features many sellers offering similar, but not identical, goods, allowing for consumer choice. However, it does not fully meet the criteria for perfect competition, such as homogenous products and perfect information, since the quality and variety of items can vary significantly. Additionally, sellers may have varying degrees of market power based on their uniqueness or popularity, which further deviates from the ideal of perfect competition.
Perfect Competition
role of market and government in economy
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Perfect Competition
The market concentration ratio for perfect competition is Low (Less than 40%).
When you have competition that rivals your company, the race is on to inform the viewers and listeners of your advertisements the benefit of your company's products/services in the market place. This can become more aggressive if your market share is hurt by the competitor. This kind of advertising many times leads to price wars as well. there is no advertisement in perfect competition.
Perfect Competition
Same fast food restaurants in a town
yes indian stock market perfect competition in market
Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly
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Perfect Competition