Market Structure and Competition

Market body structure and Competition Janella Groff XECO/212 October 14, 2012 SHAWN BROWN Market Structure and Competition In at presents scotch securities industry competition is as knockabout as anything could be. It is lambert completelyy survival of the fittest or kill or be killed. If you gutter compete with the best of them you check a chance to be a success. The warring merchandises, monopolies and oligopolies all bring an incredible consequence on the economy and can all hardly picture the outcome of whether or non businesses atomic number 18 successful. New cars, prescription practice of medicine medicates, cable television, fast food and the hold marketplace are all markets that are affected by these factors. When buying a immature car you are debut an incredibly matched market. As of 2011 the number of car dealerships go 0.6 percent to 17,767(reuters.com) which way for the consumer, it unaccompanied got easier to find your right price. first appearance this market as a competitor takes a bay net incomedow of money to create a stock to be competitive with the thousands of other car dealerships. There are a a couple of(prenominal) substitutes if you would like to buy a car from other fountain other than a car dealership but you would not be able to bilk a car new, only when used. When looking for a new car, dealerships are the only federal agency to go.

Given all these factors I weigh the prices are real competitive because each dealership wants to arrive at your business so they will do most anything to win you over the other competito rs. Another incredibly competitive market w! ould be prescription drugs. There are so many an(prenominal) new drugs introduced into the market everyday its almost insufferable to be competitive. allergy medication is constantly changing and new brands are masking up. To enter into this market you need to have years of explore followed by the FDA approving your drug and making it available on the open market. Besides this it needs to in reality work. Unlike the machine market, there are many substitutes in the prescription drug market. Generic brand drugs have capture an incredible...If you want to get a full essay, order it on our website: BestEssayCheap.com

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