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What are the four basic types of competition that take shape in a private enterprise system?
pure competition, monopolistic competition, oligopoly, and monopoly
What are the disadvantages and advantages of bank deregulation?
The main advantages are more financial services under one roof. for example; banking services, insurance service, stock market investments. Disadvantages include; possibility of low quality and reduction of expertise in any single service, intensive competition may lead to failure,
How did the government prevent monopolies from forming?
Before 1990 the market of India was somehow monopolistic. After 1990 Govt. permitted foreign industries to do business in India. After that market became perfect competitive. Thus by permitting more companies to do business Govt. can prevent monopolistic from forming.
What are the advantages and disadvantages of private sector company?
Advantages of private sector companies include greater efficiency and flexibility in decision-making, as they are often less bureaucratic than public sector organizations. They typically have a strong profit motive, which can drive innovation and customer satisfaction. However, disadvantages include a potential focus on short-term profits at the expense of social responsibility and public welfare, as well as limited transparency and accountability compared to public entities. Additionally, access to resources and opportunities can be uneven, potentially leading to monopolistic practices.
Financial decision of household and corporation?
financial ecision of household and corporation
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.
Is product of shampoo include in monopolistic or perfect competition?
Monopolistic Competition
Is Best Buy an oligopoly or monopolistic competition?
monopolistic competition
What is the explanation for the features of monopolistic competition?
Existence of large firms, no competition and influence over the prices are some of the characteristics of monopolistic competition.
Which is the main difference between perfect competition and monopolistic competition?
In monopolistic competition, sellers can profit from the differences between their products and other products.
Why is monopolistic competition inefficient compared to perfect competition?
Monopolistic competition is inefficient compared to perfect competition because firms in monopolistic competition have some degree of market power, allowing them to set prices higher than in perfect competition. This leads to higher prices for consumers and less efficient allocation of resources. Additionally, firms in monopolistic competition may engage in non-price competition, such as advertising, which can further reduce efficiency.
What does monopolistic competition and perfect competition have in common?
they maximize profit
Types of Market Competition?
Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly
What are three types of business competition?
Pure Competition Monopolistic Competition Oligopoly Monopoly
Is McDonald's part of monopolistic competition?
yes
Why is restaurants a example of monopolistic competition?
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What is the market structure of Nestle?
Monopolistic competition
