Oligopolies involve more than one company while monopolies involve only one. apex :]p
P&G is an oligopoly. Oligopoly is market where few players operate or control majority of the market share. Cell phone companies (only Sprint, Verizin, ATT, T-Mobile), auto insurance, retailers are some examples of this type. If you look at the consumable manufacturing companies, PG, Colgate, Unilever, Arm & Hammer are the companies that come play. These companies dominate the market share.
Monopoly and Oligopoly are both the only firms that may make positive profit in the long run. Under LONG-RUN MARKET TENDENCY OF PRICE AND ATC: Monopoly P>ATC and Oligopoly P>ATC both will have postive profits, however it possible to turn to zero profits if there isn't capitalization of the profits or any rent-seeking activities or if the market is contestable. But moreover, the answer you're looking for is the above that bother Monopoly and Oligopoly will have positive profit in the long run.
The allocation of resources. :P
Since P>MC for an oligopoly, the output effect is that selling one more unit at the sales price will increase profit.The price effect is that an increase in production will increase the total amount sold, which will decrease the price and decrease the profit on all other units sold.If the output effect is greater than the price effect, the owner will increase production.If the price effect is greater than the output effect, the owner will not increase production (and may even decrease production).Oligopolists will continue to increase or decrease production until these marginal effects balance.
G. P. Mohrmann has written: 'Explorations in rhetorical criticism' -- subject- s -: Rhetorical criticism
Jolian P. McHardy has written: 'Non-linear demand and the price-cost margin approach to the estimation of the social costs of oligopoly'
P. Selvanayagam has written: 'Divine election and human rejection' -- subject(s): Criticism, interpretation, Bible, Textual Criticism
Charles P. Frank has written: 'Edmund Wilson' -- subject(s): Criticism, Criticism and interpretation, History, Knowledge, Literature
M.-P Schmitt has written: 'Savoir-lire' -- subject(s): French literature, Criticism, Reading, History and criticism
J. P. Levine has written: 'Creation and criticism'
P-Model - album - was created in 1992.
Oligopolies involve more than one company while monopolies involve only one. apex :]p
Potpourri - P-Model album - was created in 1981.
P&G is an oligopoly. Oligopoly is market where few players operate or control majority of the market share. Cell phone companies (only Sprint, Verizin, ATT, T-Mobile), auto insurance, retailers are some examples of this type. If you look at the consumable manufacturing companies, PG, Colgate, Unilever, Arm & Hammer are the companies that come play. These companies dominate the market share.
Monopoly and Oligopoly are both the only firms that may make positive profit in the long run. Under LONG-RUN MARKET TENDENCY OF PRICE AND ATC: Monopoly P>ATC and Oligopoly P>ATC both will have postive profits, however it possible to turn to zero profits if there isn't capitalization of the profits or any rent-seeking activities or if the market is contestable. But moreover, the answer you're looking for is the above that bother Monopoly and Oligopoly will have positive profit in the long run.
P. G. Thomas has written: 'Aspects of literary theory and practice, 1550-1870' -- subject(s): Criticism, English literature, History, History and criticism, Poetry, Theory