The Possibilities And Effects Of Raising Prices Above Competitive Levels In Oligopolistic Markets - Assignment Example

Comments (1) Cite this document
Summary
Oligopoly is the middle ground between monopoly and capitalism. He describes an oligopoly as a small group of businesses, two or more, that control the market for a certain product or service (Samuelson & Marks 2002). …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.2% of users find it useful
The Possibilities And Effects Of Raising Prices Above Competitive Levels In Oligopolistic Markets
Read TextPreview

Extract of sample
"The Possibilities And Effects Of Raising Prices Above Competitive Levels In Oligopolistic Markets"

Download file to see previous pages Examples of oligopoly in our economic system today include Steel industry, Aluminum, Film, Television, Cell phone and Gas among others (Perloff 2011).
The probability of raising prices above the competitive levels demand a detailed understanding of the oligopolistic markets and the influential trends involved. Normally, the possibilities prevalence depends on the desire of the involved firms for success. In this piece, the mention of the possibilities would imply the probability of occurrence of raised prices above the competitive levels. In this situation, when such an issue is mentioned, many would tend to begin asking themselves on whether the probabilities are activity prompt or automatic.
Again the choices by the firms in the market that attribute to alteration of the prices beyond the competitive levels have consequences. Moreover, the essential point to understand in this scenario is the essence of prices, their thresholds and the effect of status in the oligopolistic market (Mansfield 1982).
Oligopolistic markets have variant features relating to the prices such as the limited number of firms selling the same commodities. If there are a number of firms dealing on similar products then it implies that there must be a significant extent of competition for which the price is a critical factor. Altering the price in a particular firm would impact the entire market since one of the market forces is altered. The provision of branding of products by different firms means that the products are distinct and each might be identical to the associated firm. The entry barriers might possess a negligible concern albeit they are considered imperative due to their significant influence and regulation in the number of firms (McGuigan, Moyer & Harris 1999). Firms in the oligopolistic market cooperate to determine prices and endeavour to uphold the price levels. The prices are regarded as monopolistic since they are the main point of concern in the market. The firms compete on the prices min order for the prices to remain as a competitive industry model. In the situation where firms compete on prices, the desired price is regarded as the competitive level price. This implies that evident consequences can result if any firm elevates its prices beyond the actual one determined by the competition in the market (Cassimatis 1996). The monopoly as well as the competitive scale is responsible for the determination of price and the benefits involved in the market. Oligopolistic market prices and the consequential profits are indefinite since the challenges in modeling inter-reliant price productivity deliberations (Glahe & Lee 1982). Background Investigation Having looked at the oligopolistic markets, what are would be the possibilities and effects of raising prices above competitive levels? In order to have an in-depth understanding of the preceding question, we have to understand ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Possibilities And Effects Of Raising Prices Above Competitive Assignment”, n.d.)
Retrieved from https://studentshare.org/marketing/1404568-the-possibilities-and-effects-of-raising-prices-above-competitive-levels-in-oligopolistic-markets
(The Possibilities And Effects Of Raising Prices Above Competitive Assignment)
https://studentshare.org/marketing/1404568-the-possibilities-and-effects-of-raising-prices-above-competitive-levels-in-oligopolistic-markets.
“The Possibilities And Effects Of Raising Prices Above Competitive Assignment”, n.d. https://studentshare.org/marketing/1404568-the-possibilities-and-effects-of-raising-prices-above-competitive-levels-in-oligopolistic-markets.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
jo
johnstonjermey added comment 7 months ago
Student rated this paper as
The topic of "The Possibilities And Effects Of Raising Prices Above Competitive Levels In Oligopolistic Markets." is quite popular among the assignments in high school. Still, this example opens a fresh perspective of seeing the question. I’ll use the idea for my own example.
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Financial Markets
Financial directors make decisions in such environments like the financial markets, financial institutions, taxation and legal instruments as well as the nature of the region's economy. In addition to that, the financial atmosphere both determines the existing monetary substitutes and the influences that come out from many decisions.
6 Pages(1500 words)Assignment
Competitive Strategy
Generally, in the partnership, Waitrose Supermarket chains contribute about half of the partnership’s total revenue and about one third of the after tax profits. Over the last 50 years, John Lewis partnership has been operating under the motto ‘Never Knowingly Undersold,’ a philosophy that has led to provision of high quality goods at relatively low prices.
17 Pages(4250 words)Assignment
Financial Markets - Raising Capital
A plan for business expansion may not be realised if there is a dearth of financial resources. This exemplifies the importance of ‘capital’ in a business. The business managers strive hard to achieve an optimal capital mix so as to maximise the firm value and minimise the average cost of capital.
12 Pages(3000 words)Essay
Corn and Ethanol Prices
The article "Feeling Parched" highlights the consequences of drought in the production of corn, and the subsequent economic effects posed that occurrence in the State of Lowa
2 Pages(500 words)Assignment
Raising Capital
Survey of current and the potential entrepreneurs suggest that inadequate capital is one of the major challenge in starting and maintaining a new business. Capital market depth is the key factor that affects the
1 Pages(250 words)Assignment
4 levels of organization
According Chapman, an organism is a product of several organ systems. For example, a fox is an organism that is complete of its organ systems such as the digestive system,
1 Pages(250 words)Assignment
The effect of Oil prices on the performance of stock markets of the GCC countries
There have been several studies trying to establish this relationship and more so how the prices influence the stock market activity. Past studies indicate that there is a possible link between changes in oil prices and
3 Pages(750 words)Assignment
Language & Levels
Therefore, in my department performance and performance is contingent. Some of the key measurements that come to mind during the assessment of the deficiencies in the work force are communication. Without proper communication, the
3 Pages(750 words)Assignment
Language/Levels
The system allows for open access to the department’s employees and data is downloaded to the department’s machine for analysis. The tracked data is summarized using different statistical tools for descriptive statistics.
2 Pages(500 words)Assignment
Raising money and funding
Additionally, start-ups have challenges of inadequate finances, which may cause economic distress that may force such start-ups out of business. Competition from already established firms in the market may also play a role in the failure of
1 Pages(250 words)Assignment
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 Assignment on topic The Possibilities And Effects Of Raising Prices Above Competitive Levels In Oligopolistic Markets for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us