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What are four conditions of monopolistic competition?
These are the requirements for perfect competition: 1) Many buyers, so that no buyer can by himself influence prices or production. 2) Many sellers, so that no seller can influence the price by himself, but instead must offer a price that is competitive with those of his rival sellers. Sellers are "price takers," as opposed to "price makers." 3) Homogenous goods, so that there are no competing alternatives to a good because they're all pretty much the same (e.g. nails). No matter whether you buy from Seller A or Seller B, you'll get the exact same thing. 4) Both buyers and sellers have perfect information about the market, so errors in judgment or mere rumors won't influence the behavior of buyers and/or sellers. 5) Low barriers to entry and exit: anyone can get into the business of selling a profitable good (or leave the business when the product is no longer profitable). So when one seller offers a new product that everyone wants to buy, under pefect competition, anyone else can get into the business of selling that product too. Suddenly the first seller will find he has a lot of competition in selling it. But "many sellers" is in keeping with perfect competition. 6) Sellers aim to maximize profits: Sellers will keep selling to all the buyers out there as long as they can cover their marginal costs of producing the product they sell.
Why is eBay considered an online auction business model?
eBay is considered an online auction business model because it allows users to buy and sell items through a bidding process. Sellers can list their products, and buyers place bids over a specified period, with the highest bidder winning the item at the end of the auction. This model creates a dynamic marketplace where prices are determined by competition among buyers, distinguishing eBay from fixed-price retail platforms. Additionally, eBay also offers "Buy It Now" options, but the core of its identity remains rooted in the auction format.
What services does ATV Trader provide?
ATV Trader is a website and print publication that helps private sellers and dealers sell their ATVs, snowmobiles, motorcycles and personal watercraft. The website offers the ability to search for a particular vehicle based on search parameters, and gives private sellers an avenue to sell their vehicle for a small fee.
What services are provided by ZOO Printing?
Zoo Printing offers services designed to cater to graphic artists, print brokers, and print re-sellers. Services include AutoRIP, G 7 Color Profile, and website branding.
Any present or past examples for Monopoly and perfect competition?
Petrol Bunks are best example for perfect competition.The reason is all sellers sell same product with same price .The product differences if any is also same (like ordinary petrol /diesel & extra premium petrol /Diesel) Stock market also exhibits perfect competition. In oligopoly market there are different sellers with product differential being wide in terms of technology & price. E.G, Mosquito repellents ,where cotton nets with repellent coating, coils, electronic repellents, repellent frequency sound wave repellents are seen in markets .Buyers who are rich will buy costly repellents & others will buy low priced items. Monopoly market represent single seller & many buyers. LIC India enjoyed for many years monopoly in Life Insurance market. Railways in India is monopoly controlled by Central Government Railway Ministry . similarly petroleum product distribution is dealt by Petroleum ministry. Oil & Natural Gas Commission is having monopoly. Any producer with break through technology offers a product or service having no competitors enjoys monopoly. For sometime Maruti Udyog Ltd enjoyed monopoly over their spare parts.
What services does eBay Motors offer for vehicle buyers and sellers?
eBay Motors offers a platform for vehicle buyers and sellers to buy and sell cars, trucks, motorcycles, and other vehicles. They provide tools for listing vehicles, conducting auctions, and facilitating transactions. Buyers can browse a wide selection of vehicles and sellers can reach a large audience of potential buyers.
Is an independent firm that offers connection and transaction-forwarding services to buyers and sellers engaged in EDI?
value-added-network(VAN)
What is an independent firm that offers connection and transaction-forwarding services to buyers and sellers engaged in EDI?
value-added-network(VAN)
why BBT exhibit in Vegas?
Hub for the elite and hence the right place to exhibit. Offers an outstanding opportunity for creating brand awareness and visibility amongst the rich and famous. Offers a brilliant opportunity to display your products on a global platform. An excellent global platform for buyers and sellers to showcase their products An excellent global platform for buyers and sellers to build business relationships. SPB play image
What can one purchase at partsbase?
One cannot purchase anything from PartsBase. PartsBase is the connection between sellers and buyers. PartsBase offers one parts from various companies.
How user friendly is Google checkout merchant?
"It is very user friendly! It offers fast and secure transactions for customers, and increased sale rates for sellers. It also allows buyers to track their purchases online."
Does eBay services deliver cars?
Yes, eBay offers a platform for buying and selling cars, but they do not provide delivery services for cars. Buyers and sellers are responsible for arranging the delivery or pickup of the vehicle themselves.
What are some potential drawbacks of blind offers in the real estate market?
Some potential drawbacks of blind offers in the real estate market include the risk of overpaying for a property, lack of transparency in the negotiation process, and potential for misunderstandings or miscommunications between buyers and sellers.
What store offers mens casual boots?
A store that offers men's casual boots is Macy's. Also Kohl's offers men's casual boots. You might also try eBay or Amazon on your computer, tablet, or smartphone.
What are some websites that allow me to sell Harry Potter toys?
I would recommend selling on eBay. This is because it is a very reputable website, and offers insurance to buyers and sellers. Another option would be to sell on craigslist.
What services are offered on the Goldbreaks website?
The dot com website GoldBricks is a website oriented around the real-estate market. The site offers information for buyers and sellers, as well as information for beginners wanting to break into the market.
What is the business area of the website Tradekey?
Tradekey is a Business 2 Business marketplace. In other words is like a Bazaar for things in huge quantities. The sellers can list their offers in one section, while the buyers can make a bid in the other.
