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Essay

Cereal:The Manufacturing Industry

Essay specific features

 

Issue:

Business

 

Written by:

Jennifer W

 

Date added:

January 21, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1071

 

Was viewed:

3771 times

 

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Essay content:

Today, numerous types and varieties of cereal line the grocery store shelves. However, only a few select companies make every one of those different kinds of cereal. There are four different categories into which economists classify industries. These categories are perfect competition, monopolistic competition, oligopoly, and monopoly...
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Each of these four categories has its own unique characteristics. Perfect competition has an unlimited number of firms, while a monopoly has one single firm, and an oligopoly consists of a small number of interdependent firms. The demand curve of an oligopoly depends on how firms choose to deal with their interdependence with the other firms in the industry...
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General issues of this essay:
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