market structure

2011-04-25 2:24 am

a) In the school, there are many soft drinks vender machines. Does a "market" exist in this case? Explain your answer.

b) To which type of market structure does"Eeeo Oil Co. Ltd" belong?Explain 2 feature of this type of market structure which match your classification.

c) Why does monopoly arise? Give teo resones to explain why.

d) Is the services provided by the hair salons in hk under perfect competition? Suggest 2 possible reasons

回答 (1)

ching

2011-04-27 12:16 am

✔ 最佳答案

a.ys market is any arrangement that enables trade.this machines can sell drinks to students which enables trade.

b.Oligopoly.thare are a few dominant sellers in the market.Each of them occupies a significant market share.The entry barrier is restricted by government regulation or huge capital requirement.

C.First,it 's because some industries have huge set up cost,only the competitors with the capital can enter it. Second,the government may grant a firm the right to be the monopolist.(archised monopoly),the entry is blocked.

D.NO.the services provided by different salons are different due to different environment, staff.Also,the market information is imperfect that no one can know all the information (quality ,prices)of the services.

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