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It might be effecient for an industry to be monopolistically competitive rather tha t prefect competition?
Wiki User
∙ 11y ago
You must be a fairly recent product of American public schools. This "question" is written so poorly that what you are asking cannot be ascertained.
Wiki User
∙ 11y ago
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What determines the Competitive intensity in industry?
Demand and the number of competitors in an industry influence the competitive nature of a business. Another factor to competition is profit margins.
Is peanut industry perfect competition?
No. There is no perfectly competitive market in real life.
Is banking industry monopolistic competition?
Banks are competitive. This is why they spend so much on advertising. Monopoly and competition are opposites.
What is an example of a competitive industry and why is it competitive?
The smartphone production industry is one of the most highly competitive industries in the US at this time. The main competitors include Apple (iPhone), Research in Motion (Blackberry), and Palm (Treo), along with other competitors as well. The definitive explanation of the level of competition in an industry has been presented by Michael Porter. The amount of competition in an industry can be determined and described according to the the following: 1)barriers to entry into the industry, 2) available substitutes for the products produced by the industry rivals, 3) the power of the industry rivals over their customers, and 4) the power of the industry rivals' suppliers over the industry rivals.
Is service and quality likely to be better in an industry dominated by a monopoly or in a perfectly competitive industryWhy?
in a perfectly competitive industry
Immediate industry and competitive environments?
The immediate industry includes the competitive environment for business. It includes all the competition within the industry and governmental agencies regulating the business.
What determines the Competitive intensity in industry?
Demand and the number of competitors in an industry influence the competitive nature of a business. Another factor to competition is profit margins.
Is peanut industry perfect competition?
No. There is no perfectly competitive market in real life.
Is banking industry monopolistic competition?
Banks are competitive. This is why they spend so much on advertising. Monopoly and competition are opposites.
What is an example of a competitive industry and why is it competitive?
The smartphone production industry is one of the most highly competitive industries in the US at this time. The main competitors include Apple (iPhone), Research in Motion (Blackberry), and Palm (Treo), along with other competitors as well. The definitive explanation of the level of competition in an industry has been presented by Michael Porter. The amount of competition in an industry can be determined and described according to the the following: 1)barriers to entry into the industry, 2) available substitutes for the products produced by the industry rivals, 3) the power of the industry rivals over their customers, and 4) the power of the industry rivals' suppliers over the industry rivals.
When a industry or business has no competition?
A monopoly is an industry or business having no competition.
What is the structure in a pure competition?
If you are referring to a "perfect competition"- you could define it as the most extreme type of competition, with many buyers . So, there are many companies selling the exact same product, without a restriction on new companies entering into the industry. If your sales accounted for in the industry are low (using percentage), you have a higher competition. On the contrary, if you have say 98% of sales in the industry you are monopolistic in competition. Examples of competitive industries would be clothing and textiles. Just for thought-There are many companies that sell these items.
What is The competitive international industry theory?
the competitive international industry theory is aCompetition in most global product/markets is intense. In the fertiliser industry for example, few companies dominate - including Norsk Hydro. Product type competition has become intense also, for example, Pannar and Cargil seeds, so has brand competition, for example Israel's CARMEL and South Africa's OUTSPAN. Substitute competition has also become an increasingly bitter battleground, with products being able to replace others as technology and tastes have changed.by iqrayear 12Grange Technology College
Allowing competition in the power industry?
Baseload plants allow competition in the power industry.
Is service and quality likely to be better in an industry dominated by a monopoly or in a perfectly competitive industryWhy?
in a perfectly competitive industry
What has the author Paul J Verdin written?
Paul J. Verdin has written: 'Core competence, competitive advantage and industry structure' -- subject(s): Industrial organization, Competition
Why is it possible for competition among firms to force down to capital intensive production?
It is possible for competition to force competitors into capital intensive production in order to compete. When a firm does this, they can gain a competitive edge over others in the industry and get more customers because their competition will have to charge more to cover the expenses.
