Ebay and Business Set ups Essay

1, 083

Rebecca Payne

ECO2023 Hope

11-19-2012

auction web sites & Odd Al

Business Structures

There are a number of different organization structures that comprise the market in the world today. The most common ones found in the business world today are sole proprietorships, relationships, and businesses. From these types of you will also locate monopolies and oligopolies. Those who claim to know the most about finance assume there are a number of different sellers and buyers in the market that leads to competition which allows prices to change in answer to changes in supply and demand. (1) In many sectors you there are substitutes intended for products, thus if an example of a product becomes too expensive the buyer can choose another solution product that is cheaper, or perhaps one of more expensive. This is called perfect competition within diverse companies. Yet , in some industries there are not any substitutes for any product. Within a market with only one distributor of a great or service, the producer can control the price and therefore the consumer has no choice, simply cannot maximize her or his total utility, and has very little to no effect over the value of the great or service they require. This really is called a monopoly, where the single business may be the industry. In slight comparison, you have the oligopoly which is at least two firms competing to get market share. In an oligopoly, items are usually very similar, if not really identical to one another, and in order to produce their item more attractive they are going to lower all their prices, making the other one out of the market till that organization lowers their price. Finally, the fourth kind of business structure is called monopolistic competition. Like an oligopoly, these kinds of firms produce similar or identical goods where replacement products usually aren't readily available, although monopolistic competition is definitely between various firms, wherever an oligopoly is usually a couple of different corporations controlling the industry. In monopolistic competition, a strong takes the costs charged by its competitors as presented...

Cited: 1 ) " AmosWEB Is Economics: Encyclonomic WEB*pedia. " AmosWEB Is Economics: Encyclonomic WEB*pedia. N. l., n. deb. Web. 19 Nov. 2012..

2 . " Economics Principles: Monopolies, Oligopolies and Perfect Competition. " Investopedia – Teaching the World regarding Finance. In. p., n. d. Internet. 19 Nov. 2012..

several. " The modern EBay. " EBay. D. p., d. d. World wide web. 19 Nov. 2012..

four. " Craigs list Lyrics. " MetroLyrics. In. p., in. d. Internet. 19 Nov. 2012..

a few. " Amazon. " Wikipedia. Wikimedia Foundation, 18 November. 2012. Net. 19 November. 2012..

six. " Amazon Vs . Craigs list: A Shopper is Perspective. " Minyanville. And. p., and. d. Net. 19 Nov. 2012..



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