[sheila777]

:confused: Consider the discussion below between Kriss and Naz.

KRISS: With the growth of on-line shopping, price comparison websites and falling prices for many consumer goods in recent years, I think business competition is becoming more like the economic model of perfect competition.

NAZ: Rubbish. Look at Tesco, Microsoft, BP, General Motors, Citibank, Proctor and Gamble, Unilever…. All big firms, dominating their markets, advertising heavily, keeping out their rivals…

KRISS: But Wal-Mart has driven prices down in the US retail market…

NAZ: Oh, and you think its ‘the market’ that has driven down Wal-Mart’s prices? I think its Wal-Mart’s economic power.


Using your understanding of the economic ‘models’ of perfect competition and oligopoly,


[a] WRITE AN ESSAY that discusses the case for and against Kriss’s view that ‘business competition is becoming more like the economic model of perfect competition’

Very grateful if someone can help me with the main issues I can write about since I have not a clue ? Thank you

[maynara]

Is business competition becoming more like the model of perfect competition?

[sheila777]

Yes that's the question...

I'm looking for what the main issues are that I can write about?? :confused:

[maynara]

I need some help on this essay too

[maynara]

You can write aboute the perfect competition structure, if in the real world exist perfect competition, and u can talk about the oligopoly

[cornelia]

Hi all am cornelia, am 26 years old am a student at uel uni, and am studying Human Resources Management

[hpjp2005]

What are the factors you should study in order to ascertain the level of competition you face at your bank branch.

[paraclete]

Perfect competition is many sellers and many buyers, it could be said to exist on the internet in certain circumstances, however it is apparent that it is forcing greater concentration towards monopolistic competition by forcing out the smaller sellers