Friday, December 3, 2010

Items & Their Market Structure

The North Face:

Glasses: They are monopolistic competition because some brands may be more expensive than the other because of style/reputation. However, they all serve the same purpose, which is to help you see better.

Call of Duty - Black Ops: Call of Duty can be considered an oligopoly. Reason being that there are other FPS (First person shooter) games for similar prices like Medal of Honor, Halo: Reach, Battlefield Bad Company 2, Fallout: New Vegas, etc.

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