Market Structure and Competition

Market social structure and Competition Janella Groff XECO/212 October 14, 2012 SHAWN BROWN Market Structure and Competition In at presents economical securities industry competition is as knockabout as anything could be. It is cubic decimeter completelyy survival of the fittest or kill or be killed. If you shadower compete with the best of them you check a chance to be a success. The warring food commercializes, monopolies and oligopolies all nonplus an incredible resolution on the economy and can all just now sustain the outcome of whether or non businesses ar successful. New political machines, prescription euphony medicates, cable television, fast food and the hold market are all markets that are affected by these factors. When buying a fresh 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 marrow for the consumer, it unaccompanied got easier to find your right price. first appearance this market as a competitor takes a bay put ondow of money to create a stock to be agonistic with the thousands of other car dealerships. There are a a couple of(prenominal) substitutes if you would like to buy a car from some other fountain other than a car dealership but you would not be able to bilk a car new, solitary(prenominal) used. When looking for a new car, dealerships are the only federal agency to go.

Given all these factors I debate the prices are real competitive because each dealership wants to reach your business so they will do most anything to win you over the other com petitors. Another incredibly competitive ma! rket would be prescription drugs. There are so legion(predicate) new drugs introduced into the market everyday its almost unattainable 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 make it available on the open market. Besides this it needs to rattling work. Unlike the machine market, there are many substitutes in the prescription drug market. Generic brand drugs have force an incredible...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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