Your NameYour Professor s NameYour ClassCurrent DateAnalysis of the US Automobile assiduity as an OligopolyHistorically the persist commercialize in the United States has been an oligopoly . For years it was prevail by the Big Three auto gear uprs - Ford , GM and Chrysler . More recently , it has been challenged by foreign automakers like Honda , Toyota and Nissan . Although with the entry of these Asian companies , the commercialize place share of the Big Three has fallen in fresh years , the labor remains an oligopoly . It is only the lieu br of the players that has changedTo empathise the nature of the beast , one must understand the featureors that drive any oligopoly . Its very essence is the fact that it is dominated by only a few companies that fate exceedingly coordinated behavior (Kaplan ) Therefore , pricin g , products , engineering and yield remain relatively similar .
It is not presumable that separate auto manufacturers would elect to acquiesce the market to manage with the elect few for a number of reasons . One of the for the first time is the economical barriers for entry into the auto making industry ( The Industry vade mecum : Automobiles 22 ) New entrants find it hard to compete with the economic advantages to large scale production . Even though a new company may have innovative ideas that would stimulate the consumer price-wise , the company would be taking on an upward make out to achieve and ma intain its status in the industry . As a res! ult it does not even enter the market or if it does attempt to...If you want to get a plenteous essay, order it on our website:
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