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Industries and Businesses
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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
