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- https://socialsci.libretexts.org/Bookshelves/Communication/Journalism_and_Mass_Communication/Book%3A_Mass_Communication_Media_and_Culture/13%3A_Economics_of_Mass_Media/13.02%3A_Characteristics_of_Media_IndustriesThe merger of Comcast and NBC is just one example of the myriad ways media companies do business. Television, print publishing, radio broadcasting, music, and film all have their own economic nuances ...The merger of Comcast and NBC is just one example of the myriad ways media companies do business. Television, print publishing, radio broadcasting, music, and film all have their own economic nuances and distinct models. However, these business models fall into three general categories: monopoly, oligopoly, and monopolistic competition. Of these three basic media business models, monopoly is probably the most familiar. A monopoly occurs when one controls a product or service—for example, a smal
- https://socialsci.libretexts.org/Bookshelves/Economics/The_Economics_of_Food_and_Agricultural_Markets_(Barkley)/05%3A__Monopolistic_Competition_and_Oligopoly/5.02%3A_Monopolistic_CompetitionMonopolistic competition is a market structure defined by free entry and exit, like competition, and differentiated products, like monopoly. Differentiated products provide each firm with some market ...Monopolistic competition is a market structure defined by free entry and exit, like competition, and differentiated products, like monopoly. Differentiated products provide each firm with some market power. Advertising and marketing of each individual product provide uniqueness that causes the demand curve of each good to be downward sloping. Free entry indicates that each firm competes with other firms and profits are equal to zero on long run equilibrium.
- https://socialsci.libretexts.org/Bookshelves/Economics/International_Trade_-_Theory_and_Policy/06%3A_Economies_of_Scale_and_International_Trade/6.4%3A_Monopolistic_CompetitionMonopolistic competition refers to a market structure that is a cross between the two extremes of perfect competition and monopoly. The model allows for the presence of increasing returns to scale in ...Monopolistic competition refers to a market structure that is a cross between the two extremes of perfect competition and monopoly. The model allows for the presence of increasing returns to scale in production and for differentiated (rather than homogeneous or identical) products. The model is especially useful in explaining the motivation for intraindustry trade.
- https://socialsci.libretexts.org/Bookshelves/Economics/Managerial_Economics_Principles_(LibreTexts)/06%3A_Market_Equilibrium_and_the_Perfect_Competition_Model/6.08%3A_Monopolistic_CompetitionAs an example, consider midsized passenger automobiles. Some firms may sell cars that are a different color or different shape, have different configurations of onboard electronics like GPS systems, a...As an example, consider midsized passenger automobiles. Some firms may sell cars that are a different color or different shape, have different configurations of onboard electronics like GPS systems, and so on. Some firms may make the cars more reliable or built to last longer.
- https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/10%3A_Competitive_Markets/10.1%3A_Perfect_CompetitionPerfect competition is a market structure that leads to the Pareto-efficient allocation of economic resources.
- https://socialsci.libretexts.org/Bookshelves/Economics/The_Economics_of_Food_and_Agricultural_Markets_(Barkley)/05%3A__Monopolistic_Competition_and_Oligopoly/5.01%3A_Market_StructuresPerfect competition is on one end of the market structure spectrum, with numerous firms. Monopoly is the other extreme of the market structure spectrum, with a single firm. Monopolies have monopoly po...Perfect competition is on one end of the market structure spectrum, with numerous firms. Monopoly is the other extreme of the market structure spectrum, with a single firm. Monopolies have monopoly power, or the ability to change the price of the good. Monopoly power is also called market power, and is measured by the Lerner Index. This chapter defines and describes two intermediary market structures: monopolistic competition and oligopoly.
- https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/12%3A_Monopolistic_Competition/12.1%3A_Monopolistic_CompetitionMonopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another.
