can have at any one time, suggests that there is no firm dominating the industry even though there might be a chance that a firm owns a few stores. In the classroom it could be a competition over who can do better on a test, and that would motivate each student involved to strive to get the best grade possible on the test and win. Since they are loyal to certain shops, most of them do not switch their purchases easily. This suggests that the market has a characteristic of perfect competition or monopolistic competition. On Map 2, the area outlined in red is the selected area: Primary research would be partly done by observation. Also, this suggests that few shops have exited the market. The X Factor USA was created by Simon Cowell. If only secondary research is done, perhaps the collusive agreement on price would never be discovered.
An IB extended essay on Market Structure of Dried Seafood Street in Hong Kong.
Monopolistic competition is the second most competitive market structure.
Every party by its nature tends to gain the official state legislature position, and essentially every party differs from other ones in its ideological core. Why do customers choose a particular shop in the market? From the data acquired from customer survey and interviews with shop owners, it is known that most of the customers are old. tags: grades, education, cooperation Strong Essays 1134 words (3.2 pages) Preview - I looked up and it was then that I realized there was a 6'2" defender charging straight. (2014 how effective are government policies in reducing overconsumption of hard liquor? Cheaper products in one shop are not necessarily a close substitute of the same products in other shops. Aufidius desire to compete with Coriolanus is based on his background for combat and conflict, which in turn instigates inspiration to seek revenge towards Coriolanus after losing battle to him several times. With the basic observations of the market, the following hypotheses will be investigated: The dried fish market will closely resemble a perfectly competitive market (Brief definition would be a market with large number of firms where all sell homogenous products. Chart 11: Around 60 of the surveyed customers chose to switch their purchases from shop A to shop B when shop B decreases the price by 10-20.