Untitled Econ Paper

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Untitled Econ Paper by Mind Map: Untitled Econ Paper

1. Market types

1.1. Out-of-control

1.1.1. Monopoly One seller

1.1.2. Oligopoly Few sellers, many buyers Difficult Entry Price maker

1.2. Somewhat-in-control

1.2.1. Monopolistic competition Many sellers & buyers Price maker Easy entry Differentiated product Big Mac v. Whopper Advertising

1.2.2. Perfect competition Best possible product at best possible price Many sellers

2. Consumer responsibility

2.1. Consumer choice

2.1.1. Limits Availability of distributers Wal-Mart takes over town Countered by internet Availability of knowledge Countered by internet

2.1.2. Smart Shopping Internet distributors Reviews Word of mouth Consumer Reports CNET Internet Reliability Testing/samples

2.1.3. Protests Boycotting Keep big companies in check Raise Awareness Blogging Public demonstrations Raise awareness

2.1.4. Stay aware of the effects of big business

3. Regulation

3.1. Anti-trust policies

3.2. Anti-trust Enforcement

3.3. Anti-trust debate

3.3.1. Pro

3.3.2. Con

3.4. Examples of regulation in action

3.4.1. Microsoft

3.5. Regulated Industries