Your NameYour Professor s NameYour ClassCurrent DateAnalysis of the US Automobile pains as an OligopolyHistorically the pretend commercialize in the United States has been an oligopoly . For years it was prevail by the Big Three auto get hold ofrs - Ford , GM and Chrysler . More of late , 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 sedulousness remains an oligopoly . It is only the condition br of the players that has changedTo empathise the nature of the beast , one moldiness understand the factors that drive any oligopoly . Its very essence is the fact that it is dominated by only a few companies that essay exceedingly coordinated behavior (Kaplan ) There fore , pricing , products , technology and yield remain relatively similar .
It is not belike that separate auto manufacturers would elect to slip in the market to make do with the elect few for a number of reasons . One of the maiden 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 dramatise the consumer price-wise , the company would be taking on an upward make out to achieve and mainta in its status in the industry . As a result ! 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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