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Market Structures: Examples in the Real World

Economics
by

Megan Scarchuk

on 15 January 2013

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Transcript of Market Structures: Examples in the Real World

Megan Scarchuk Market Structures: Examples in the Real World Competition Burger King, McDonald's, and Wendy's are examples of competition. They all sell similar products and try to advertise their differences from the other. They also all have value menus in hopes to attract people to their restaurant and increase profits. Monopoly Monopolistic Competition Coca-Cola and Pepsi are examples of an oligopoly. They sell similar but slightly different products and there are very few sellers. For example, Coke and Pepsi are both cola's, but have slightly different flavors. Oligopoly Car companies are an example of monopolistic competition. There are many sellers and many buyers. They all have similar products, cars, but they all make different types of cars. Back in the late 1800s and the early 1900s when railroads were first being built, the owners of the companies building these railroads also owned the steel companies and the coal companies; all of the things needed to make these railroads successful. Works Cited "Rockefeller vs. Railroads: Regulatory Debate Heats Up in Washington." The Rational Walk. N.p., 16 Sept. 2010. Web. 13 Jan. 2013. "Coca Cola Sign Restortions." Vintage & Antique Sign Restoration. Van Kannel Sign Restoration, n.d. Web. 13 Jan. 2013. "Pepsi-Cola Brands." PEPSICO. N.p., n.d. Web. 13 Jan. 2013. J, Lee. "Ford Motor Company Hacked by NullCrew." Cyber War News. N.p., 28 Oct. 2012. Web. 13 Jan. 2013. Bloom, Jonathan. "Software Quality Haunts Honda." CAST Software On Quality Blog. N.p., 17 Sept. 2011. Web. 13 Jan. 2013. "Chevy Logo." About.com SUVs & Minivans. N.p., n.d. Web. 13 Jan. 2013. "Nissan Logo with Simple Design." AllCarLogos.net. N.p., 09 Oct. 2012. Web. 13 Jan. 2013. "Dodge Charger Pursuit: Future Super Car of Law Enforcment." Bayside Queens New York Dodge. N.p., 10 Jan. 2013. Web. 13 Jan. 2013. "HYUNDAI LOGO." FreeSite. N.p., n.d. Web. 13 Jan. 2013. "McDonald's Logos Gallery." Just Pictures and Photos. N.p., n.d. Web. 13 Jan. 2013. "Burger King." Twitter. N.p., n.d. Web. 13 Jan. 2013. "Wendy's Changes Logo for First Time Since 1983." Chris Creamer's SportsLogos.net. N.p., 11 Oct. 2012. Web. 13 Jan. 2013.
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