Economics information on the 4 competitions

label Economics
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Need an example of a brand, how it is and why it is one from each:  perfect competition, monopolistic competition, oligopoly, & monopoly.  Please make them short and concise.

Nov 17th, 2014

monopoly is an enterprise that is the only seller of a good or service. In the absence of government intervention, a monopoly is free to set any price it chooses and will usually set the price that yields the largest possible profit. Just being a monopoly need not make an enterprise more profitable than other enterprises that face competetion


Nov 17th, 2014

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Nov 17th, 2014
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Nov 17th, 2014
Aug 18th, 2017
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