Your NameYour Professor s NameYour ClassCurrent DateAnalysis of the US Automobile Industry as an OligopolyHistorically the machine 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 foodstuff share of the Big Three has fallen in new-fangled years , the industriousness remains an oligopoly . It is only the status br of the players that has changedTo take care the nature of the beast , one must understand the particularors that drive any oligopoly . Its very essence is the fact that it is dominated by only a few companies that arrangement highly coordinated behavior (Kaplan ) Therefore , pr icing , products , applied science and takings remain relatively similar .
It is not believably that some other auto manufacturers would elect to enter the commercialize to compete with the elect few for a number of reasons . wizard of the foremost is the frugal barriers for entry into the auto making industry ( The Industry enchiridion : Automobiles 22 ) New entrants find it gravid to compete with the frugal advantages to large scale production . scour though a new company may charter innovative ideas that would profit the consumer price-wise , the company would be taking on an upward agitate to achieve and main tain its status in the industry . As a resul! t it does not flush enter the market or if it does attempt to...If you want to bugger off a plentiful essay, order it on our website:
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