Big box stores vs mom and pop stores Assignment - 1

Big package stores vs mom and pop stores - Assignment ExampleEach restaurant offers something various than the other and so they atomic number 18 free to select whatever price they like for their products.Examples of Monopolies include public utilities like water, gas and electricity, air TV, the local phone service companies. Important to note, that monopolies can exist in a market locally due to their geographical locations. Entry into a market where monopolies exist is quite difficult by recent businesses since the large firms have larger market shares and there is not much left for the new companies in the market both in terms of buyers and profits.Competition is directly related to the methods and procedures by which the companies produce and lot their products. Different market structures are found in different industries which imply that there are different kinds of buyer to seller relations in every market. In a monopolist firm, they are fitting to increase or reduce the prices of their products (due to product differentiation), however, they cannot do so with full liberty, they have to abide by the unfriendly forces of the market. Sellers rivalry against each other views sales-promotion costs along with the expenses of differentiating their products in order to attract customers. As a result, buyers get more variety in the products but in the long run the products prices involve the additional costs involved. Since the sellers in a monopolistic competitive market are not in all probability to be equally flourishing in their product policies and sales promotion, some of them will be boffo in achieving profits exceeding the basic interest on their investment, such profits will be earned from the buyers that have been attracted. (Karier, 241)The market and the monopolists demand curves are found to be the same. pick out of the monopoly is the demand of the industry and hence illustrated by a downward curve. However, the