Can anyone give me some examples of nearly perfectly competitive industries? I think consumer electronics and the market for wheat would be highly competitive.. is that right? and when you do give examples of highly competitive markets, can you identify any barriers to entry in those industries? thanks!!
2007-10-31 12:53:06 · 10 answers · asked by paulinatran10 1 in Social Science ➔ Economics
stock
entertainment
real estate
construction
sports
2007-10-31 12:55:10 · answer #1 · answered by ♥New Mommy♥ 6 · 1⤊ 3⤋
Competitive Market Examples
2016-11-08 03:49:00 · answer #2 · answered by ? 4 · 0⤊ 0⤋
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What are some examples of highly competitive industries?
Can anyone give me some examples of nearly perfectly competitive industries? I think consumer electronics and the market for wheat would be highly competitive.. is that right? and when you do give examples of highly competitive markets, can you identify any barriers to entry in those industries?...
2015-08-06 06:47:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋
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It all comes down to your drive and passion. It is a highly competitive field, everyone with a computer thinks they can do graphics. The difference is quality and an understanding of what makes good design. Also as a professional you can be the most brilliant designer to ever hit the planet but if you can't get it done on time or with in budget nobody wants to hear it.... The flooding of the market with quick schools(6 months and you're an artist) has brought down the overall salaries. The way to be successful as a comic or anime artist is to do it relentlessly and find ways to distribute it whether it is on the internet or old school handing out fanzines at a show(punk or alternative usually) Join an organization in your area ...art council or graphics businees group...
2016-04-08 14:08:09 · answer #4 · answered by ? 4 · 0⤊ 0⤋
In the real world perfect competition is very rare. It involves no barriers to entry (eg no licensing, no start up costs, no expertise or knowledge required), no product differentiation.
So in real life - someone selling newspapers or cigarettes on the street or street markets selling knock off clothing. Even these require some capital injection (a barrier to entry) in order to acquire inventory. Products can still be differentiated by something as simple as getting the best spot.
Some forms of multi level marketing (eg Amway distributors) also reflect perfect competition.
Commodities markets can reflect competetive markets but suppliers still face substantial start up costs.
2007-10-31 15:59:08 · answer #5 · answered by Sageandscholar 7 · 0⤊ 0⤋
Perfect competition requires identical products, and industries with identical product don't advertise, so the companies who's names you know are not engaged in perfect competition. They are highly competitive with close substitutes but each has a monopoly on their brand name. Perfect competition exist in commodity markets that are not subsidized by the government and are not dominated by large companies.
2007-10-31 15:27:22 · answer #6 · answered by meg 7 · 1⤊ 0⤋
Telecommunications, Automotive, Manufacturing
2007-10-31 12:57:14 · answer #7 · answered by Anonymous · 0⤊ 2⤋
1
2017-02-15 04:13:09 · answer #8 · answered by Juan 4 · 0⤊ 0⤋
Food industry
fashion industry
cosmetics & make-up
2007-10-31 14:34:21 · answer #9 · answered by sanja 2 · 0⤊ 1⤋
cell phone companies
airlines <---- hardcore
mutant lobster farms
gum companies
computers (PC)
gas companies even though we'll always buy gas a few cents will change who you choose to buy from
2007-10-31 12:58:15 · answer #10 · answered by Anonymous · 0⤊ 1⤋