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Is product of shampoo include in monopolistic or perfect competition?
Monopolistic Competition
Is Best Buy an oligopoly or monopolistic competition?
monopolistic competition
Is unilever an monopolistic?
no
Should monopolistic competition be regulated?
Monopolistic competitions should be regulated to protect consumers against exploitation.
What is the Price output determination under monopolistic competition?
Define monopolistic competition. How price & output is determined under monopolistic competition.Answer: - monopolistic competition: - in 1933, a Harvard university professor, Edward chamberlain" published his book, "the theory of monopolistic competition" in which he defined monopolistic competition as:Definition: - "a market model with freedom of entry and large number of firms that produce similar by slightly differentiated products, advertisement being the principal tool for differentiating the products".Define monopolistic competitionThere are various goods like soap, cloth, & tooth paste, which are produced under monopolistic competition.CONDITIONS OF MONOPOLISTIC COMPETITION: - following are the important conditions of monopolistic competitionSellers and buyers: - there is a large number of buyers and sellers in the monopolistic market. Generally, the number of firms is within 25-30.Small share of supply: - each firm acts independently and produce a small share of the total output.Differentiated products: - the product of each firm can be differentiated by trade mark or packing.Entry of new firms: - in a monopolistic competition, new firms can easily enter into the market.Inefficient firms in the market: - inefficient firms also live in the market side by side & sell the defective products.Control over price: - a firm has only limited control cover the price of the product according to its supply.Elastic demand curve: - the demand curve of the firm is negatively sloped, and because there are many firms in the market which are producing a similar commodity. Therefore, the demand for the products of each firm is elastic.Advertising: - In a monopolistic competition, firms spends a lot of money on advertisement, to attract the consumers.Stiff competition: - there is a stiff competition among the firms for the sale of a particular brand, not only in price but also in the quantity of the product.
Is product of shampoo include in monopolistic or perfect competition?
Monopolistic Competition
What are monopolistic companies in the Philippines?
monopolistic status of companies in the Philippines
Is Best Buy an oligopoly or monopolistic competition?
monopolistic competition
Which states are monopolistic for wc?
Washington, Wyoming, North Dakota, and Ohio are monopolistic states
What states are monopolistic?
There are 4 monopolistic states - North Dakota, Ohio, Washington and Wyoming. Nevada and West Virginia had been monopolistic, but are now private insurance states.
Is unilever an monopolistic?
no
Type of bureaucracy in great Britain?
Type of Bureaucracy Ans :- 1. Guardian Brueaucrancy 2. Cast Bureaucracy 3. Patronage Bureaucracy 4. Merit Bureaucracy
Should monopolistic competition be regulated?
Monopolistic competitions should be regulated to protect consumers against exploitation.
What is a large complex organization made up of appointed officials?
a bureaucracy.
What is the weberian model of bureaucracy?
Weberian model of bureaucracy is related to administration in large organization.It's main features are:1. Found in large organization.2. strict adherence to rule and regulations.3. Officials are appointed on merit basis.4. Hierarchy of officials6. Impersonality of officials.7. Full time job and to be paid.This model is still exist in all public administrations.
What are the basic market model?
There are four basic market models based on the amount of competition within the industry. They are pure competition, monopolistic competition, oligopoly, and pure monopoly.
What are the advantages and disadvantages of monopolistic trusts such as the Standard Oil Trust for consumers?
One advantage of a monopolistic trust are that prices can remain low. Disadvantages of monopolistic trusts is that it eliminates competition and can result in an unequal distribution of wealth.
