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Economics Homework Nine - Model (view source)
Revision as of 01:12, March 9, 2011
, 01:12, March 9, 2011no edit summary
1. Identify an industry not mentioned in the lecture that is an oligopoly, and explain why.
1. Identify an industry not mentioned in the lecture that is an [[oligopoly]], and explain why.
:Video game companies like Nintendo, Sony and X-box (don't know who makes X-box) is an example of an oligopoly, because there is few competitors. It takes a lot of time effort and money to make a new company with its own system and games. And most of the systems are very similar. (Seth)
:Video game companies like Nintendo, Sony and X-box (don't know who makes X-box) is an example of an oligopoly, because there is few competitors. It takes a lot of time effort and money to make a new company with its own system and games. And most of the systems are very similar. (Seth)