How Oligopolies Define The Manufacturing World

How Oligopolies designate the Manufacturing World Erica Bass ECO204 Principles of Microeconomics Phelicia Price November 14, 2011 How Oligopolies Define the Manufacturing World Sometimes it can be difficult to gear up if a degenerate is an oligopoly or a monopoly. Lets take a look at these four firms; wandering take out, womens and girls cope and sew gracees, envelopes, and electronic computers, concentration ratios to determine if they would be considered an oligopoly or not. By commentary an oligopoly is A form of industry (market) social structure characterized by a few dominant firms. Products may be homogenous or differentiated.(Case, Fair, Oster, p. 448) The first firm looked at was fluid milk, which is primarily engaged in (1) manufacturing processed milk products, much(prenominal) as pasteurized milk or choice and dismal cream and/or (2) manufacturing fluid milk dairy elevate substitutes from soybeans and other nondairy substances. harmonise to the U. S. nose count bureau, in 2007 the advance companies were 280, the total value of despatch was 33,547,992, and the per centum of total value shipments was nose candy percent. (http://www.census.gov/econ/concentration.html) The second firm looked at was womens and girls cut & sew dresses, which is establishments primarily engaged in manufacturing womens and girls dresses from purchased fabric. Womens and girls dress jobbers, who perform entrepreneurial functions involved in dress out manufacture, including buying raw materials, designing and preparing samples, arranging for clothe to be made from their materials, and marketing finished apparel, are included. According to the U.S. Census Bureau, in 2007 the total companies were 356, the total value of shipment was 1,985,938, and the percent of total value shipments was 100 percent. (http://www.census.gov/econ/concentration.html) The third firm looked at was envelopes, which is establishments primarily engaged in manufact uring envelopes for mailing or letter paper ! of any material including...If you want to take down a wide-eyed essay, order it on our website: OrderEssay.net

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