monopolistic competition
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Uploader Comments (pajholden)
Top Comments
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you should get a nobel peace prize or something
2 years ago 61
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u are so good ty so much, my economics teacher sucks compare to you ty u so much i cant show my gratitude enough, i wished i had you as a teacher!!!
3 years ago 28
All Comments (75)
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Perfect knowledge? Other websites say imperfect knowledge
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Thankyouuuuuuuuuuuuuuuu :)
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@tricky12321 i see.. but tht out of my syllabus:) Thnks tho, im looking to go in deeper
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@thealwaysfanatic I would say duopoly or even both monopolies because monopoly is defines as 25% of market share and a super monopoly is 40%. Although there are more lesser operating systems their market share will probably be so small. The only real major difference between monopolistic and perfect competition is there is slight differentiation between the goods.
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@tricky12321 so like mac and windows are oligopoly?? or are they still monopolistic? thnks:)
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@thealwaysfanatic monopolistic is weak brands
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What about big names? Are they under monopolistic competition?
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Hope it is comforting to know your are among the inspirational people framed on the wall of my economics classroom, next to Adam Smith we have Phil Holden and his trusty whiteboard
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The FIVE people are jealous economic teachers :P
1 month ago 2
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What goes on the axis?
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In common parlance people think that monopoly must mean a single firm, but the truth is that monopoly means one dominant firm - not necessarily one firm alone. And that is the legal definition too. In the Republic of Ireland and for the European Union's Competition Authorities - of which Ireland is a member. Thanks for your comment.
pajholden 3 years ago 11