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What is a market structure in which a few large firms dominate a market?
Wiki User
∙ 10y ago
a monopoly
Wiki User
∙ 10y ago
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What kind of market structure is gm?
The market structure is called oligopoly. Oligopoly is a market structure characterized by a small number of relatively large firms that dominate an industry.
The market structure that is characterized by a small number of large firms that have some market power is called?
The market structure that is characterized by a small number of large firms that have some market power is called
What kind of market structure is the cinema industry?
probably oligopolistic; several large firms, a few small.
Oligoply is a market structure with a great deal of?
Is a market structure characterized by a few large firms that produce either standardized or differentiated product, where entry into the industry is difficult, and where there is a great deal of interdependence between the decisions made by the firms
Are monopolies the most common form of market structure?
Monopolies are not the most common market structure, if they were you would not have the large variety of potato chips, drinks, etc.Instead "monopolistic" markets are arguably the most common form. In this market structure there are many firms who sell similar products (but not the same).
What kind of market structure is gm?
The market structure is called oligopoly. Oligopoly is a market structure characterized by a small number of relatively large firms that dominate an industry.
The market structure that is characterized by a small number of large firms that have some market power is called?
The market structure that is characterized by a small number of large firms that have some market power is called
What is imperfect competition?
a market structure in which a large number of firms all produce the same product
What kind of market structure is the cinema industry?
probably oligopolistic; several large firms, a few small.
Oligoply is a market structure with a great deal of?
Is a market structure characterized by a few large firms that produce either standardized or differentiated product, where entry into the industry is difficult, and where there is a great deal of interdependence between the decisions made by the firms
Are monopolies the most common form of market structure?
Monopolies are not the most common market structure, if they were you would not have the large variety of potato chips, drinks, etc.Instead "monopolistic" markets are arguably the most common form. In this market structure there are many firms who sell similar products (but not the same).
Why would the music industry be an example of an oligopoly?
The music industry is dominated by a few large firms which dominate the market, thus enabling the industry to exert its market influence. They also partake in collusion to ensure that barriers to entry into the music industry remain high for new firms to enter. The characteristics of an oligopoly are as follows: Few, large number of firms dominate the market. High barriers to entry Long run abnormal profits Price makers- have the ability to determine market price. Maximise profits where MC=MR. The music industry fits into the above characteristics and therefore is considered to be an oligopoly.
What technology firms are making large pushes to market telecommuting technology?
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When a market is dominated by a few large profitable firms it is considered to be a?
oligopoly
What are four basic types of market structure and explain how they differ from one another?
1.) Perfect Competition2.) Imperfect Competition3.) Oligopoly4.) MonopolyIn economics, market structure (also known as the number of firms producing identical products.)Monopolistic competition, also called competitive market, where there are a large number of firms, each having a small proportion of the market share and slightly differentiated products.Oligopoly, in which a market is dominated by a small number of firms that together control the majority of the market share.Monopoly, where there is only one provider of a product or service.Perfect competition is a theoretical market structure that features unlimited contestability (or no barriers to entry), an unlimited number of producers and consumers, and a perfectly elastic demand curve.
What assumptions are made in the Perfect competition model of a market?
Perfect competitionperfect competitionModel of the market based on the assumption that a large number of firms produce identical goods consumed by a large number of buyers. is a model of the market based on the assumption that a large number of firms produce identical goods consumed by a large number of buyers.
What is the most prevalent type of organizational structure for medium-sized and large firms?
Line and staff.
