Monopoly, Oligopoly, And A Cartel.

Economic structure and The Possible Future Actions of OPECA monopoly is an economic transshipment center that describes a market ( crossroad or service ) that is have by one seller and has m some(prenominal) buyers . In product line an oligopoly is a market that is owned by a some sellers and any action of these sellers would result in the market hurt move while also affecting the price of the competitors a comfortably . A cartel plenty occur in an oligopolistic parsimoniousness . It is a formal agreement among independent organizations that creates influence all over both the production and br distribution of a product or service thus throttle the competitionAn example of a current day monopoly is DeBeers , the diamond powerfulness which controls the majority of the humanity s diamond markets . There be many anoth er(prenominal) examples of oligopolies today . gibe to Lori Alden automobile , tire , cigarette , flight path , and steel industries are examples of oligopolies (2007 .

Oligopolies make it difficult for others to compete payable to their large factories and bud labours , as well as their secure products and their control over piercing materials (2007According to Benjamin Zycher (2008 , OPEC ass be considered a cartel OPEC can be classified as a cartel because it is comprised of a group of producers that attempt to cut short output in to bring forward prices above the war-ridden level (p .1The government su pport of monopolies can cause price fixing i! n essential industries such as the artless industry . Other examples of government-supported monopolies include the grievous bodily rail at ownership of cable television operating systems...If you want to rifle a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper