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  • Perfect Competi WPS Office

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    Janelle Ponce
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    1. Farmers producing commodities like wheat, corn, or soybeans operate in a perfectly competitive market with similar crops and homogeneous products. 2. Companies that control access to natural resources like oil, gas, or minerals may operate as monopolies due to limited availability and high barriers to entry. 3. While brands like Dove, Nivea, and Olay offer various skin care products for the same purpose, they differentiate themselves through ingredients, packaging, and marketing, exhibiting monopolistic competition.

    Original Description:

    Applied economics

    Original Title

    Perfect-competi-WPS-Office

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    1. Farmers producing commodities like wheat, corn, or soybeans operate in a perfectly competitive market with similar crops and homogeneous products. 2. Companies that control access to natural resources like oil, gas, or minerals may operate as monopolies due to limited availability and high barriers to entry. 3. While brands like Dove, Nivea, and Olay offer various skin care products for the same purpose, they differentiate themselves through ingredients, packaging, and marketing, exhibiting monopolistic competition.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    0 views2 pages

    Perfect Competi WPS Office

    Uploaded by

    Janelle Ponce
    1. Farmers producing commodities like wheat, corn, or soybeans operate in a perfectly competitive market with similar crops and homogeneous products. 2. Companies that control access to natural resources like oil, gas, or minerals may operate as monopolies due to limited availability and high barriers to entry. 3. While brands like Dove, Nivea, and Olay offer various skin care products for the same purpose, they differentiate themselves through ingredients, packaging, and marketing, exhibiting monopolistic competition.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Per

    fectcompet
    it
    ion

    Agri
    cul
    ture:
    Farmersproduci
    ngcommodit
    iesli
    kewheat,corn,
    orsoybeansof
    tenoper
    atei
    na
    perf
    ectl
    ycompeti
    ti
    vemar ket
    .Eachf
    armerproducessi
    milarcr
    ops,andthepr
    oduct
    sare
    consi
    deredhomogeneous.

    Monopol
    y

    Natural
    Resources:
    Insomecases,
    compani
    esthatcont
    rol
    accesstonatur
    alresour
    cesli
    keoi
    l
    ,
    gas,orminer
    alsmayoperat
    easmonopol
    iesduetoli
    mit
    edavail
    abi
    l
    ityandhighbarr
    ier
    stoent
    ry
    Monopol
    i
    sti
    ccompet
    it
    ion

    PersonalCareProduct
    s:Brandsli
    keDove,
    Ni v
    ea,andOlayoff
    ervari
    ousski
    ncar
    epr oduct
    s,and
    whiletheyservet
    hesamepur pose,t
    heydi
    fferent
    iat
    ethemsel
    vesthroughi
    ngr
    edients,
    packaging,andmarket
    ing.

    Ol
    i
    gopol
    y

    Air
    li
    neIndustr
    y:I
    ncer t
    ainregi
    ons,asmal
    lnumberofair
    li
    nesdomi
    natethemarket
    .Forexampl
    e,
    i
    ntheUnitedStates,majorcar
    ri
    ersli
    keAmeri
    canAir
    li
    nes,Del
    taAi
    rLi
    nes,andUnit
    edAir
    li
    nes
    hol
    dsignif
    icantmarketpower.

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