Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

US Monopoly Company and US Perfect Competition Company - Essay Example

Comments (0) Cite this document
Monopoly market structure exists where there are no other competitive companies offering the same product. Companies that exist in monopoly markets often experience no competition. They make decisions on prices of the products without considering customer needs…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.4% of users find it useful
US Monopoly Company and US Perfect Competition Company
Read TextPreview

Extract of sample "US Monopoly Company and US Perfect Competition Company"

Download file to see previous pages The competitive market structure come into being where there are different firms competing in the market to offer the best product and services to the customers. These companies cannot make decisions without considering what other competitors are doing. When there are several companies offering similar product and services, competition will occur. In most cases, this competition is to the benefit of the customers (Mankiw 329). Market Analyses The two monopolistic companies are the National Basket Association (NBA) and the National Football League (NFL). These two companies are in contract with the best players as well as the best stadiums. It is not easy for any other company to compete with NBA and NFL in this kind of business due to the monopolistic ownership of necessary resources for basketball and football. New companies in the market will have to look for other non standard stadiums as well as little known players, who may not be of use to them economically (Tucker 137). Another way in which NBA and NFL enjoy monopoly in the market is through legal barriers. The government has given them licenses to operate the various leagues, on the contrary, telecommunications companies such as Skype and Cisco Call manager have got licenses to operate in the market. Potential competitors also have got equal opportunity in acquiring license necessary for competition. Other potential competitors to NBA may not be given licenses since there can only be one league in the US. The market in which national basketball association and national football league operates is characterized by the fact that they are he only companies in the market, they also offer unique services and products as well as the impossible entry of possible competitors due to ownership of vital resources by these companies (Tucker 211). Competing NBA and NFL will be unsustainable hence leading to monopoly. Monopoly has resulted due to the large scale of operation in which these two companies operate. They operate national leagues across the United States; competing them will depend on who is able to survive harsh economic times. Potential competitors cannot hope to provide the services provided by NBA and NFL In contrast, One perfect example of accompany in the competitive market structure is Cisco Call Manager (CCM). This company is a key member of the Cisco IP telephony network solution. CCM offers telephone services to its customers. Further, it provides all connection services to IP phones, smart phones and VoIP services. CCM faces competition from other companies such as Skype and Comcast that offer the same products and services (Sheppard 18). Cisco Call manager (CCM) experiences competition from new entrants in the market while NBA does not. New companies that offer similar services to those of Cisco Call Manager (CCM) have found their way to the market. This kind of market is where companies offer telecommunication services to customers does not pose any challenges to possible entrants. To survive in such a competitive market, companies like CCM and Skype must offer their services at low costs and ensure that their products are unique from those offered by their competitors. CCM has also been challenged by the availability of their product substitute (Sheppard 18). NBA experiences no competition from other companies while CCM experiences stiff competition from other companies like Skype since no barriers to entry in the market exist. NBA has awarded contract to the best players as well as ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“US Monopoly Company and US Perfect Competition Company Essay”, n.d.)
Retrieved from
(US Monopoly Company and US Perfect Competition Company Essay)
“US Monopoly Company and US Perfect Competition Company Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF US Monopoly Company and US Perfect Competition Company

Integrated Marketing Communications Programme for Crunchy Crunch Company

The Crunchy Crunch Company (CCC) has been in the business of making crisps and other snacks for many years. They want to build on their reputation for traditional health-conscious consumers. Therefore, they have made the brave decision to move away from the traditional products it has in its portfolio and are about to launch a range of healthy snacks. The brand name for this range is "Fit" to reflect the healthy nature of the products and the people consuming them. So far, four varieties will be available: Fit Fruit (Fruit and corn-based snack) Fit Quiche, Fit Frosty (a savory ice cream) and Fit Crackle (a crisp like product).

“According to the American Marketing Association, marketing research is the systematic g...
8 Pages(2000 words)Case Study

The Marketing Communications Strategy & Mix: Sports Company

Despite the challenges that Adidas met in the 90s from fierce competitor Nike, the company hit the rebound by the end of that decade and has reclaimed its position as one of the leading sports companies nationwide. Considering that the company almost went bankrupt at its lowest point, it managed to rise and compete once again in the market.
With Adidas’ position in the sports apparel industry, this research aims to find out and evaluate the various marketing communications strategies that Adidas has implemented over the years. Further, this research aims to be able to identify which strategy is proven to be most effective, and which did not bring the desired results.

Football is undoubtedly the most popular s...
9 Pages(2250 words)Case Study

Structure of Ford Motor Company

It was only in 1927 when GM overtook Ford in sales that Henry Ford felt the need to innovate Model A that was more in tune with the times (Cattlel, 2000).
Today, Ford Motor Company is the biggest family-controlled auto-manufacturer with number three spots in the list of world’s biggest manufacturers and sellers of vehicles. In, 2007, for the first time in 56 years, Ford was relegated to the third spot from second by the Toyota of Japan. Ford manufactures cars, trucks, and SUVs in the brand range of Ford, Mercury, Lincoln, Volvo, and Mazda. Ford’s s distinctly home-spun variety economy class Mondeo and Mustangs sold the world over, and Lincoln stands for luxury and elegance. Lincoln Motor Company was the first stra...
13 Pages(3250 words)Term Paper

The Company Targets Customers

... online retail with number of Configurational and cost choices; continuously adding computer Peripherals to consolidate their sales. Direct retail market in only few. Stiff competition to HP. New company; easy to make management systems.Only online sales. Every product available on the Strong 24X7 customer support. Strong leadership of . Michel Dell. Ever-growing brand value. Linux compatible PCs also Available. Always hiring new people...
8 Pages(2000 words)Case Study

Company Strategy to the Public Sector

The definition of corporate strategies emphasizes the need for the organization to satisfy the needs of all the stakeholders if the organization is to achieve its overall objective of maximizing shareholder value. Stakeholders include employees, customers and the communities in which the organization operates. Employees, customers, and communities, therefore, have a significant impact on the success of the organization and thus on the corporate strategy of the organization. In formulating corporate strategy, organizations need to identify and priorities strategic issues, which involve scanning, selecting, interpreting and validating information. (Schneider, 1989).
The aim of this paper is to explain the strategy of an organiz...
7 Pages(1750 words)Assignment

How Does the US Media Effects Evolve in Singapores Current Media

Lewis and Slade (2000, p. 223) in their critical evaluation of the effects of media communication on the audience argue that media effect is achieved incongruent with social context. Their study recounts the experiment on the influence of television on identity in Singapore indicates that US social values and Singaporean values greatly differ from each other. The sharp differences in program content have a negative influence on the audience because Chinese raised Singaporeans value marriage, social values, and collectivism whereas US social culture involves career, family and the struggle to balance the two. Therefore the question of US media's influence to destabilize Singaporean national identity is limited. This view is emphasi...
6 Pages(1500 words)Assignment

Company Law Issues

Various sections of the CA are coming into force over a staged process and the relevant provision relating to authority is sections 39 and 40, which came into force on 1 October 2007.

Section 39(1) of the CA provides that “the validity of any act done by a company shall not be called into question on the ground of lack of capacity by reason of anything in the company’s constitution”

Additionally, section 40(1) provides that: “In favor of a person dealing with a company in good faith, the power of the board of directors to bind the company, or authorize others to do so, shall be deemed to be free of any limitation under the company’s constitution”.

Section 40 (2)...
9 Pages(2250 words)Case Study

Company Profile: The Southwest Airlines Inc

Ever since the horrific attacks of 911, the airline industry has been going through a bad phase. The attacks on the World Trade Center have had a devastating effect on the commercial sector and the airline industry in particular. When one considers the fact that the instrument of destruction of these attacks was hijacked airplanes, there is understandable concern about traveling in them and thus the public lost faith in the airline industry immediately following September 11th.  For many airline companies, this meant going into severe debt or even declaring bankruptcy. Even after some time, the majority of the airline industry experienced lower profits and massive downsizing. However, for smaller companies like Sou...
8 Pages(2000 words)Case Study

Identification of problems in the Criminal Justice System of the US

They are on trial and will be dealt with fairly. These laws ensure that no one, even if he or she has committed a crime is abused or punished cruelly.
Following the history of civilization like in china, we see the traces of systems for Criminal justice in order to provide safety for the citizens. Evolving through the years laws have been modified and changed to form the system that we know today.
 From its start, the “U.S. criminal justice system” has advocated the idea of “checks and balances”. To avoid dictatorial rule, the people who founded this system in such a way that one person was not given control or authority completely to punish the criminals. The idea of assigning a ‘jury...
6 Pages(1500 words)Assignment

Business Sustainability and Society: Coca-Cola Company

For centuries, ethics has been a crucial and significant component of human societies that contributed enormously to the creation of norms and values through religious influences, as well as through the contribution of intellectuals and philosophers in society. Unfortunately, nowadays, it is an observation that individuals, organizations, and even nations have commenced overlooking the phenomenon of ethics in their practices, specifically in the business sector that has become the major stakeholder confronting criticisms related to ethical practices. Critics (Crane, pp. 23-29, 2007) argue that business ethics has now become a component limited to theoretical policies and frameworks of business organizations, and such principles an...
10 Pages(2500 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic US Monopoly Company and US Perfect Competition Company for FREE!

Contact Us