Perfect Competition vs Monopoly

M&S (perfect competition) Vs Thames Water (monopoly) At one subvert is perfect competition where in that respect are very umpteen firms competing against from each one other. Every firm is so tiny in relation to the entire trade that has no power to command equipment casualty. It is a footing military issuer. At the other end is monopoly, where at that place is just a single firm in the industry, and for this close no competition from inside the industry. Perfect competition e.g. mark & Spencer, they take aim many competitors such as, Asda, Next and Tesco. They productively have over 600 UK stores, in addition expanding international business. They employ over 75,000 people in the UK and abroad. On the whole, their clothing and homeware sales calculate for 49% of their business. The other 51% of business is in food, where they locate on the market everything from fresh produce and groceries, to partly-prepared meals and ready meals. withal on the other end, there is a Monopoly e.g. Thames Water, which is UKs largest body of water and wastewater, services company. They play a very important office in providing everyday 2,600 one thousand thousand litres of tap water to 8.5 million customers across London and the Thames Valley. They also get rid of and take care of 2,800 million litres of sewage for an area covering 13.5 million customers.

The main strong point of National Grid is that there are no competitors. Having many firms rivalling not in favor of each other e.g. Marks & Spencer, it is then good for consumers. The supposal of perfect competition demonstrates an intense form of free enterprise. inwardly it, firms are utterly issue to market forces. They have no power at all to influence the bell of the product. The price they face is dogged by the interaction of demand and picture in the entire market. M&S are price takers. There are numerous firms in the industry that each one manufactures an unimportantly small quantity of entire industry supply, and hence has no power at all to change the price of the... If you want to get a full essay, order it on our website: Orderessay

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