2 pages/≈550 words
Mathematics & Economics
Discuss the four primary market types and how they differ. Give an example of each type firm. (Essay Sample)
These papers are to be 300-600 words in proper APA format with in-text citations and a bibliography or reference section source..
DISCUSS FOUR PRIMARY MARKET TYPES AND HOW THEY DIFFER, GIVING EXAMPLES FOR EACH
Date of Submission
Discuss four primary market types and how they differ, giving examples for each
The world over, there are many factors that cause variations in the market. These elements that have the susceptibility to change from one to another include geographical location, resources, goods and demands. In assessing the market on an economic perspective, primary market types have been clustered into four, taking into account the various permutations founded on the key influencing factors: Oligopolistic, Monopoly, imperfect (monopolistic) competition, and perfect competition (Gurusamy, 2009).
In oligopolistic market, it recognizes that there are a small number of companies, but large in stature, all competing, dominating and controlling a large portion of the market share. An oligarchy, is characterized by there is a structured price control, products in this market type are either differentiated or standardized. Airplanes, cell phone makers are examples of oligopolies, the common thread between them is that the entry threshold is extremely high, and they require expensive infrastructure to start. Other causes of oligopoly include, the economies of scale, where if the capacity of a small group of large companies to capture a large part of the market, then there is likely to be a huge reduction in the number of players in the market. Mergers has also been cited as another fact...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
YOU MAY ALSO LIKE
- Identity Essays
- Vaccination Essays
- Death penalty Essays
- Cold war Essays
- Song analysis Essays
- Animal cruelty Essays
- Kill a mockingbird Essays
- Homeless Essays
- Salem witch trials Essays
- Medicinal marijuana Essays
- The yellow wallpaper Essays
- Fear Essays
- Freedom of speech Essays
- Women rights Essays
- Modest proposal Essays
- Domestic violence Essays
You Might Also Like Other Topics Related to cell phone:
- Cellular Phone Evolution into A Multi-Function ApplianceDescription: Undergraduate writing level 4 pages Technology Format Style English (U.S.) Essay. cell phone Cellular Phone Evolution into A Multi-Function Appliance...4 pages/≈1100 words | 2 Sources | APA | Technology | Essay |
- Unit VI Research PaperDescription: Undergraduate writing level 1 page Business and Marketing Format Style English (U.S.) Essay. Unit VI Research Paper...1 page/≈275 words | 1 Source | APA | Business & Marketing | Essay |
- Managing Pain in Sickle Cell CrisisDescription: Health and Medicine: Managing Pain in Sickle Cell Crisis Case Study...1 page/≈275 words | 3 Sources | Other | Health, Medicine, Nursing | Case Study |