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Economic news articles?

I need three recent news articles.

One about a monopoly

One about an Oligopoly

And one about monopolistic competition

Please and Thank you :)

2 Answers

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  • AJ
    Lv 7
    9 years ago
    Favorite Answer

    Here's a link describing all three terms.

    A monopoly is a market structure in which there is only one producer/seller for a product. In other words, the single business is the industry. Entry into such a market is restricted due to high costs or other impediments, which may be economic, social or political. For instance, a government can create a monopoly over an industry that it wants to control, such as electricity. Another reason for the barriers against entry into a monopolistic industry is that oftentimes, one entity has the exclusive rights to a natural resource. For example, in Saudi Arabia the government has sole control over the oil industry. A monopoly may also form when a company has a copyright or patent that prevents others from entering the market. Pfizer, for instance, had a patent on Viagra.

    In an oligopoly, there are only a few firms that make up an industry. This select group of firms has control over the price and, like a monopoly, an oligopoly has high barriers to entry. The products that the oligopolistic firms produce are often nearly identical and, therefore, the companies, which are competing for market share, are interdependent as a result of market forces. Assume, for example, that an economy needs only 100 widgets. Company X produces 50 widgets and its competitor, Company Y, produces the other 50. The prices of the two brands will be interdependent and, therefore, similar. So, if Company X starts selling the widgets at a lower price, it will get a greater market share, thereby forcing Company Y to lower its prices as well.

    There are two extreme forms of market structure: monopoly and, its opposite, perfect competition. Perfect competition is characterized by many buyers and sellers, many products that are similar in nature and, as a result, many substitutes. Perfect competition means there are few, if any, barriers to entry for new companies, and prices are determined by supply and demand.

    Read more: http://www.investopedia.com/university/economics/e...

    AJ

  • ?
    Lv 4
    4 years ago

    Micro financial is the Reader who purchases the information paper to consume information in the object. Macro Economics is the writer and administration who're stewards of the aspects needed to marketplace and convey the completed e book in opposition with different sorts of media. financial progression is imposing the technologies to maintain aggressive place in the marketplace of media ingredients. consistent length of production to furnish sufficient copies to fulfill client call for jointly as controlling expenses to make income available.

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