Is the manufacturing of canned and frozen vegetables considered a monopolistic or oligopolistic market? Why?
Monopolistic competition is a market type where there are-
large number of buyers and sellers in the market
there are few barriers to entry and exit in the market
the products are slightly differentiated in terms of shape, size ,color, etc
Oligopolistic marketis a market type where-
there are few large sellers and large number of buyers
price is decided by these few large sellers
there are barriers to entry and exit
so the manufacturing of canned and frozen vegetable will come under monopolistic competition as these are the goods which are slightly differentiated in terms of their shape, size, colour, packaging etc
they have large number of competitors which have not totally power to set the price in the market
so they will come under the monopolistic market
Is the manufacturing of canned and frozen vegetables considered a monopolistic or oligopolistic market? Why?
Please explain what oligopolistic market structures and monopolistic market structures are with examples. Please show me a recent article which talks about any firm that has to do with these two market structures. Also, what are the equilibrium point for both of the market structures?
d3-- Veritable Vegetables makes canned soups. Veritable orders 10,000 cases of frozen broccoli per year from Billy Goat Farms. You have the following additional information: • The average cost (in the purchasing and accounting departments) to place and process a single order with Billy Goat Farms is $5. • The average cost (in the factory) to receive and inspect a single order received from Billy Goat Farms is $20 • The average annual cost to hold a case of broccoli...
Publix Supermarket would be considered what type of market structure? (monopolistic competition, oligopoly, or monopoly)
1.1 Provide common examples of a monopolistic market? 1.2 Unlike in a competitive market, a monopolistic market's marginal revenue curve is always lower than the demand curve. Explain why this is so.
Tim Canner improperly canned some home grown vegetables and contracted botulism poisoning after eating them. The toxin, produced by bacteria, prevents skeletal muscles from contracting. Symptoms include difficulty in swallowing and breathing. Eventually, Tim died of respiratory failure. What type of muscle paralysis is this one? Why? What is the botulism toxin mode of action? Propose as many ways as you can to explain how botulism toxin produced the observed symptoms?
Buying fruits and vegetables at a farmers' exchange represents which type of market structure? Select one: a. Monopolistic competition b. Pure monopoly c. Pure competition d. Impure monopoly e. Oligopoly
Why does your grocery store sell day-old bakery goods but not day-old canned goods? O Canned goods are priced at the market equilibrium O Bakery goods are highly perishable. There is excess demand for canned goods. Demand for canned goods is easier to predict.
4 Describe why product pricing differs in a competitive versus an imperfect (monopolistic) market. How might firms differentiate their products in a competitive market and why would such a strategy be advantageous?
Draw the long run equilibrium for both a perfect competitive market and Monopolistic Competitive market. Which is efficient (Define and explain efficiency carefully). Should the inefficient market be regulated? Why or why not.
2) Why is the firm’s demand curve flatter than the total market demand curve in monopolistic competition? Suppose a monopolistically competitive firm is making a profit in the short run. What will happen to its demand curve in long run equilibrium ? What could this firm do to affect what happens to its demand curve? Explain in detail.