Question

Topic: Student Questions

Is This Market Monopolistic Or Oligopolistic?

Posted by Restricted on 250 Points
I'd like to inquire about the espresso or coffee machine market, in that would you delineate it the market as monopolistic or oligopolistic competition?

And in addition, assuming that the they don't have direct marketing channels and rather use intermediaries such as retailers to distribute their products to end-consumers, would competitor's prices or resellers be the more influential factors that affect the (coffee machine making) organisation's pricing decisions, or would it be both more so?

Cheers
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