Market share question (1 Viewer)

[Lani89]

If a special product is only supplied by one business therefore having no competitors, does that mean the business have 100% market share or would they own a smaller percentage of a market of related products? What is considered a market?

 

[z600]

yes, and its call a monpoly.

 

[Lani89]

That didn't answer the question.

 

[z600]

That didn't answer the question.

well then i dono, havent done the HSC course

 

[Lorie]

Well I guess that depends on the certain product. I guess it would have a 100% market share in the particular product, but perhaps not the industry or whatever. If there becomes more competitors in the market, it has the advantage or being the first-comer in the market.

I don't think there would be a question that hazy and unsure in an exam situtation in this course.

 

[Lani89]

Well I guess that depends on the certain product. I guess it would have a 100% market share in the particular product, but perhaps not the industry or whatever. If there becomes more competitors in the market, it has the advantage or being the first-comer in the market.

I don't think there would be a question that hazy and unsure in an exam situtation in this course.

Hmm I was thinking along those lines. O well, it doesn't matter too much it's just I have to do an assessment next week which we have already been given the question so I was just wondering about it. Thanks