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Module 4 Assignment

This document describes different types of market structures and their ability to manipulate prices. It discusses monopolies as having complete control over prices, while perfect competition does not allow for price manipulation as firms are price takers. Monopolistic competition and oligopolies allow for some degree of price manipulation, but not to the same extent as monopolies. Overall, the document contrasts the varying levels of price control present in different market structures, from monopolies having the most control to perfect competition having the least.

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col lins
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42 views

Module 4 Assignment

This document describes different types of market structures and their ability to manipulate prices. It discusses monopolies as having complete control over prices, while perfect competition does not allow for price manipulation as firms are price takers. Monopolistic competition and oligopolies allow for some degree of price manipulation, but not to the same extent as monopolies. Overall, the document contrasts the varying levels of price control present in different market structures, from monopolies having the most control to perfect competition having the least.

Uploaded by

col lins
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Industries and Businesses

Student’s Name
Institution affiliation
Course Code and Name
Professor’s Name
Due Date
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Industries and Businesses


Monopolies
1. Google: A monopoly in the search engine market.
2. Apple: A monopoly in the smartphone market.
3. Microsoft: A monopoly in the personal computer operating system market.
4. Amazon: A monopoly in the online retail market.
5. Facebook: A monopoly in the social networking market.
6. Netflix: A monopoly in the online streaming market.
7. Comcast: A monopoly in the cable television market.
Perfect Competition
1. Tesla: Tesla is a car company that sells electric vehicles.
2. Toyota: Toyota is a car company that sells a variety of vehicles, including hybrid and
electric cars.
3. Honda: Honda is a car company that sells a variety of vehicles, including hybrid and
electric cars.
4. Nissan: Nissan is a car company that sells a variety of vehicles, including hybrid and
electric cars.
5. Ford: Ford is a car company that sells a variety of vehicles, including hybrid and electric
cars.
Monopolistic competition
1. Mission BBQ: is one of the best restaurants.
2. Shirley’s Fashion: the business sells quality and differentiated various brands of
clothes.
3. California Cereal Products. INC: it is specialized in food processing and preparation
of beverages.
4. Nestle Nescafe: the product has unique packaging, pricing, and size attributes.
5. UNIQLO: the company has no price competition.
Oligopolies
1. Coca Cola Company: provides sift drinks of various types such as Coke and Fanta.
2. Beacon Solar Project: The project has 5 solar power stations.
3. Photovoltaic power station: The company supplies power to utility level and not local
users.
4. Electric power generation: the industry involves generation, transmission, and
distribution of power.
5. Liberty Mutual Insurance Company: Offers a variety of services and insurance policies.
6. American National Insurance Company: is a group of companies providing products and
services of insurance.
Comparison Essay on Price Manipulation
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There are many different types of market structures in the world of economics, each with

their own unique ability to manipulate prices. Monopolies, perfect competition, monopolistic

competition, and oligopolies are all examples of market structures that fall along a continuum of

price control, with monopolies having the most control and perfect competition having the least.

Monopolies are defined as having complete control over the market for a good or service. This

means that they are the only firm that produces the good or service, and they have the power to

set prices without competition. Monopolies are able to manipulate prices to a great extent, as

they are not limited by what other firms are doing. They can set prices as high as they want, and

they can also use price discrimination to maximize their profits.

Perfect competition is the opposite of a monopoly, as there are many firms producing the

same good or service. This means that firms are price takers, as they cannot set prices without

taking into account what other firms are doing. Perfect competition does not allow for much

price manipulation, as firms are only able to make profits by selling at the market price.

Monopolistic competition is somewhere in between a monopoly and perfect competition. There

are many firms producing slightly differentiated products, which gives firms some power to set

prices. However, firms still have to be careful not to price too high, as they will lose customers to

other firms. Monopolistic competition does allow for some price manipulation, but it is not as

extreme as what is possible with a monopoly. Oligopolies are defined as markets with a small

number of firms. These firms often have some degree of control over prices, as they can

communicate and collude with each other to set prices. Oligopolies are not as extreme as

monopolies in terms of price control, but they are still able to manipulate prices to a greater

extent than firms in perfect competition.


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To sum up, there is a wide range of price control among different market structures.

Monopolies have the most control, while firms in perfect competition have the least.

Monopolistic competition and oligopolies fall in between these two extremes

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