Microeconomics discussion reply | Economics homework help

REPLY TO MY PEER DISCUSSION AND WORD COUNT SHOULD BE MIN 150 

PHILIP,

Hello all, when it comes to finding a landscaper to cut your grass, you will have no problem finding someone and they will have no difficulty finding customers. This is a very COMPETITIVE MARKET. You could say the providers are a dime a dozen and they could say the same about customers. Other than a few minor differences in quality of work, you could expect their services to be close in price to each other. 

When it comes to choosing where you do your grocery shopping, there are several stores you can choose from that offer identical and/ or similar products with competitive prices. Public grocery stores offer incentives like buy one get one and also have generic products sold much cheaper than the name brands. Club stores are structured a little differently than their public counterparts but they are both OLIGOPOLISTIC.

Club stores usually carry their own line of products as well as some certain name brands and use no compete agreements which indicates COLLUSION with their competitors. The prices at the club are usually much cheaper than the public stores but you must buy in bulk. Quite often some items, if not whole isles are moved around to make you spend more time searching which increases the likelyhood of more products being purchase.

Typically there are items placed at the end of an isle, or a bump out to spotlight a product which is being promoted at a discounted price. An item that was displayed at the end of an isle three weeks ago could be replaced by another one, same brand, but the previous item might be found half way down the isle. 

Product packaging has an impact on buying. Generic brand products are proprietary to the store that is selling the product and are usually white packages with colored writing only, and are always a cheaper alternative to brand names without quality sacrifice. Brand names rely on the familiarity of their label design and when loyalty to a brand is established, a consumer will usually tolerate a price increase. 

The industry giants such as car manufacturers, phone companies, large grocery chains, including the big brand names that they sell, to name a few, are in the category of oligopolies. MONOPOLIES include such entities as water and electricity providers. This is where your freedom of choice ends, as these are neccessity products for everyone. In contrast to the competitive market where they cannot effect market prices, a monpolistic advantage is that the price is in their control as they are the market with no competition.

Study Locus
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.