觉得更像是oligopolySasa dominates the market because of the existed brand value, acts like a monoply and the small firms take its price as given and act like perfectly competitive firms. And personally I feel production cost curve is not that relevant, since fixed cost here is arguable.
But the defining feature of oligopoly is
The top 4 participants have a market share of more than 40%.
I don't really have the data for cosmetic retailing industry in Singapore.
And in the long run, Monopolistic competition offers price>Average Total Cost. Or in other words,it's operating at excess capacity, which as a result provides varieties to consumers.
So?
I don't really have the data for cosmetic retailing industry in Singapore.
And in the long run, Monopolistic competition offers price>Average Total Cost. Or in other words,it's operating at excess capacity, which as a result provides varieties to consumers.
So?
Huasing Association 1999 - 2013