Monopolistic Competition Puns

I keep seeing these FUD articles being linked from Rupert Murdoch's News Corp companies. This billionaire owns so much of the news media he can set the consensus opinion for whole countries, truth won't get in the way.

I don't care what your political leanings are, the fact is that a company actively manipulating our opinion, political system for their gains is horrible. What could be a simple discussion and compromise turns into a not over my dead body due to the lies this media empire spits out.

It's gotten so bad that two former Prime Minister's from both parties in Australia are actively trying to bring an investigation into it's monopoly over Australian media.

Look at all the articles from the likes of the Sun or Sky news Australia. They take a BS nothing story on Cryptocurrency and pump it into complete FUD. It's never balanced or insightful.

They with their multiple media outlets can easily set the consensus on crypto because a majority don't know nothing about it. If multiple news outlets are telling people crypto is shit or it's a joke then guess what, they aren't going to be keen on crypto.

News Corp has a very long history of manipulation. They own huge chunks of media across the world, with an emphasis on the financial media. They own the Wall Street Journal for example. See below.

https://front.moveon.org/look-at-everything-rupert-murdoch-owns/

So in short the least we can do is not link their crap on here and give them our view counts.

There's plenty of other publications to use instead.

For an extensive more up to date list of the companies owned: https://en.m.wikipedia.org/w/index.php?title=List_of_assets_owned_by_News_Corporation&oldid=438874937

In the monopoly / monopolistic competition model, a producer sets a higher price and produces less than what would be predicted in the perfect competition model.

Apple produces half a million IPhones per day. Is the quantity of iPhones produced bounded only by supply chain limitations (half a million a day is a lot) or could Apple be producing even more iPhones but it is not doing so to maximise profits?

This is the latest news just coming out. Apparently, Amazon and Flipkart were pushing against this probe since a long time but SC has just given the green signal.

I hope this will be about why only two big players (Flipart/Amazon) are there in the e-commerce sphere and not a malevolent attempt by the desi trader lobby to stop digital innovation and keep the monopoly among themselves. What do you think?

Everytime, news comes out that Hybe is trying to acquire a company, the entirety of Kpop twitter starts crying Monopoly. While it may seem on the face of it, is it really a monopoly? Is what they're doing unethical? Today morning I woke up to all of twitter in arms because news broke out that Hybe had tried to acquire SM. What most people don't know is that they didn't try to buy SM as a whole but acquire LSM's stocks, which a lot of people are after anyway.

I really wanna understand this from a business perspective because it's an interesting case. I'd be very grateful if someone could explain it from a business insider perspective.

why should there be an of?

why do i not need an of when its monopolistic competition characteristics ?

Hello, I am writing a paper in school about market structures, specifically monopolistic competition and oligopoly. In a section, I need to discuss the major findings in this area and what these experts say on the theories. Does anyone know any sources / experts in this field that I can discuss in my paper?

Thanks,

how can a free market ever work if the only way capitalism has ever functioned to any degree is within the confines of monopolistic competition leaning towards monopoly?

Perfect competition has never lasted, it is a failed concept.

I've been curious about what social media's market structure is. I've tried searching online, but there seems to be differing opinions of if Facebook is in monopolistic competition, an oligopoly, perfect competition...etc. Facebook seems to have a large market share, but it's unclear what the competition of social media sites can be classified as.

I can see why Duterte has appeal. He promises change that the Filipinos deserve. He promises to end their sufferings. He doesn’t seem to play by the rules of the political and economic elite that have been stacked against the middle class and the poor. And he seems to be a decisive leader who will not be bullied by powerful interests. He is a no-nonsense leader who will finally not engage in business-as-usual, will upend the status quo, and perhaps make the Philippines into the new Singapore. He also has progressive views that I think will serve the Philippines well (a left of centre view). Add to that, he has a sense of dark humour that can, to some people, be appealing.

 

When I listen to this part of him I like him. I honestly like him. He exudes an honesty and confidence that none of the other presidential candidates exhibit. He seems unfiltered. He appears to be the real deal.

 

And honestly, I couldn’t care less about his foul mouth. He says “fuck”, “shit”, etc. I don’t care about this. A person dealing with the corruption, stupidity, idiocy and insanity in the Philippines need not worry about remaining nice and polite. He or she can curse, and that’s excusable.

 

And I don’t care too about his womanizing. Sexual sins are the least of my concerns. That’s his private concern. As long as he is not supporting these women with ill gotten money (like Erap), then he can fuck hundreds of women to his heart’s (or viagra-enhanced dick’s) content.

 

But one cannot ignore the other things he says and does. If a voter ignores these things, the Philippines does so only at the country’s peril. IT IS NOT THE INDIVIDUAL ACTS OR STATEMENTS THAT WORRY ME. IT IS THE PATTERN. HE DOESN’T MAKE ONE OFF GAFFES. HE CONTINUES TO SAY AND DO THINGS WHICH HE BELIEVES IN AND ARE PART OF A PATTERN OF HIS PERSONALITY, POLITICAL PHILOSOPHY AND LEADERSHIP STYLE.

 

To ignore the other things he says and does would be akin to wanting to see and hear only the good things from someone you are falling madly in love with, ignoring all the red flags and warning signs, going to the altar and marrying the person, and ending up in a 6 year (or less) relationship that will not end well in any conceivable way.

 

So what I did was to collect information that’s not propaganda but are out there as news reports, actual interviews, and court documents that show a glimpse of the real Duterte. You will see the sincere, decisive D

Realistically, are monopoly profits zero in the long run? It seems as though monopolies in the actual economy really thrive typically. I know a lot of assumptions/theories in economics are pretty much only theoretical so I was wondering if this was the same. Thanks!

I have a major microeconomics exam coming up later this week and even after watching like 30 minutes of youtube videos on the topic, I'm still not 100% clear. Thanks in advance!

How does using monopolistic competition change the model as opposed to using competitive markets? Does it actually make the model predict any better?

Here is a link to my homework question: https://imgur.com/dLnVSit

For some context, the article in question is about monopolistic competition in the Australian coffee market and how Starbucks' departure affected other sellers. In this case, the word "supplier" means another independent coffeeshop or cafe.

My partner and I feel confident that is isn't A because the individual coffee supplier would end up selling more, so quantity would increase. However, my partner thinks it is B because the supplier would lower price to compete with others for the market share that has opened up with Starbucks leaving, but I think it is D because there is already competition in the market meaning the price would stay the same.

Any thoughts or advice would be greatly appreciated!

Hi AskSocialScience, I'm a first-time poster and currently researching about the relationship between market structures and quality of broadband. I'm from the Philippines, a nation with one of the most expensive broadband prices in relation to the quality (namely speed) of broadband service provided. I've taken up this research topic because I would like to know a viable and accurate explanation just how market structures affect our broadband quality.

I am also looking for willing respondents who are experts in Economics/Telecommunications who would answer a questionnaire via e-mail. It has proven rather difficult for me to meet the needed number of respondents however I am hoping that this community would help me out.

Thanks to the Mod for giving me the greenlight to post this.

Hi everyone! I've got a specific question I'm not sure how to answer which is summarized above. I assume that ATC and MC do not change, but the end point of the demand curve will move along the horizontal axis. How does the MR curve react to these changes? What about the price-maximizing price and quantity?

https://imgur.com/RmA5CgQ This is the graph I made for the "initial" situation.

I've been curious about what social media's market structure is. I've tried searching online, but there seems to be differing opinions of if Facebook is in monopolistic competition, an oligopoly, perfect competition...etc. Facebook seems to have a large market share, but it's unclear what the competition of social media sites can be classified as.