centralization of ownership
No
yes
probably oligopolistic; several large firms, a few small.
Each firm adjusts its output so that its cost, including profit, are covered.
oligopolistic competition
centralization of ownership
No
yes
probably oligopolistic; several large firms, a few small.
A firm with market power has the ability to control prices and total market output .
An oligopolistic competition is a type of competition between multiple large firms. In this situation, they make up a big part of a market share.
Each firm adjusts its output so that its cost, including profit, are covered.
Centralization of ownership has led to an industry controlled by a few large companies
AR=MRnormal profits in the long runlarge number of sellersfree entry and excit ,as there are no barriersthe seller is only the price takerperfectly elasticeach firm is a part of the industry
There are many ways to market an attorney firm on the internet. The best way to market an attorney firm or anything else on the internet is to places ads on popular websites.
A real market oriented firm will be able to meet the wants and the needs of its clients by all means.