PRINCIPLES OF MARKETING

Principles of Marketing

Principles of Marketing

Compare Pure Competition With Oligopolistic Competition

Perfect competition - envisage thousands of little crop stands round the country. They all deal the identical thing, and they have no command over the price. If one crop stand raises the cost, then no one will proceed there anymore because it's lower somewhere else. If they smaller the cost, they will just misplace money.

Oligopoly - Think about borrowing cards. You have Visa, Mastercard, American Express, and Discover. All have about the identical allowance of market power, and each business is very involved in what the other is doing. If ...