Category: Competition

Fully Autonomous Underwater Vehicles Competition Robosub is incredible international competition for mainly student teams seeking to demonstrate their technical success in developing fully autonomous submersibles that showcase the skills of modern devices. It should be recognized that the unique feature of the competition entirely affects the final design, which should have an unmanned device: according…

The Issue of the Lack of Competition Among Digital Platforms Various economic and social factors motivated the recommendations made by the House of Representatives subcommittee regarding digital market platforms. The key economic factors include the discouragement of innovative ideas and monopolizing of the market. The practices adopted by the organizations discussed in the report, such…

Competition in the Railway Industry The rail industry has faced significant competition since the national highway system was built. As a result, the rail industry has steadily declined in performance, but it still plays a significant role in the transport network. The observation that there has been a decline in the percentage of all ton-miles…

Monopolistic Competition and Oligopoly Monopolistic competition and oligopoly are the two most common types of imperfectly competitive market structures. Since the average company has less market power than a monopoly and faces less harsh competition than implied by the perfect competition scenario, most industries fall under one of those models (Mankiw, 2020). Both cases allow…

Michael Porters Five Forces Model: Analyzing Market Competition Michael Porter created the five forces model to assist businesses in analyzing the level of competition present in a given market and formulating effective tactics to compete. Using the framework, a firm can pinpoint and examine the driving factors that impact prices and profits. Although this model…

Competition in Video Game Consoles Business Strategy Question 1 Critically analyze the resources and competencies that a company in the video game consoles industry needs to possess to achieve a competitive advantage. Discuss and justify your arguments. To gain a competitive advantage in the video game console segment, a company needs to adopt strategies that…

Short-Term Price Fixation Under Competition In a perfectly competitive market condition, because of the presence of a large number of buyers and sellers, there is no rivalry existing among them. Since no seller or buyer is able to dominate market price under perfect competition is determined by the operation of demand and supply. Therefore, the…

Competition Policy and Equilibrium Rate of Employment Table of Contents Introduction The cost-effect The competition effect The location effect Conclusion References Introduction In any sound market, three factors might be considered important. These are the cost effect, competition effect, and location effect. The cost-effect The cost-effectiveness in most cases is related to the currency in…

Globalization and Competition: The USA, Western Europe, Japan The leading tendency of globalization is its presence even in those countries where other trends of the current world economy are weakly and hardly noticeable. According to Martin et al. (2018), it is a complex admixture of different, though interrelated, historically evolving developments and transformationseconomic, technological, cultural…

Competition Within Political Monopoly Theory The article Two Theories of Monopoly and Competition: Implications and Applications bases the discussion on the claim that monopoly makes sense on the foundation of the political monopoly theory. In other words, Simpson suggests that monopoly exists only when the government applies force so that one or a couple of…