Your NameYour Professor s NameYour ClassCurrent DateAnalysis of the US Automobile Industry as an OligopolyHistorically the automobile merchandise in the United States has been an oligopoly . For years it was predominate by the Big Three automakers - Ford , GM and Chrysler . More deep , it has been challenged by foreign automakers like Honda , Toyota and Nissan . Although with the entry of these Asian companies , the grocery store share of the Big Three has fallen in new years , the labor remains an oligopoly . It is only the status br of the players that has changedTo take care the nature of the beast , one mustiness understand the occurrenceors that drive any oligopoly . Its very essence is the fact that it is dominated by only a few companies that state highly coordinated behavior (Kaplan ) Therefore , pricing , pro ducts , engineering science and takings remain relatively similar .
It is not apparent that some other auto manufacturers would elect to enter the securities industry to compete with the elect few for a number of reasons . star of the foremost is the frugal barriers for entry into the auto making industry ( The Industry enchiridion : Automobiles 22 ) New entrants find it sound to compete with the frugal advantages to large scale production . tied(p) though a new company may cast innovative ideas that would profit the consumer price-wise , the company would be taking on an upward agitate to achieve and m aintain its status in the industry . As a re! sult it does not plain enter the market or if it does attempt to...If you want to fit a plentiful essay, order it on our website:
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