Top Special Offer! Check discount

Get 13% off your first order - useTopStart13discount code now!

Monsanto: the market structure

123 views 1 page ~ 204 words

Monsanto is a seed company with a monopoly in the United States. Monsanto regulates more than 80% of the retail supply. It is a monopoly market because it is the primary manufacturer and has market influence. Furthermore, Monsanto sets the price and does not accept it. It has a monopoly because it is the market's only manufacturer.
A monopoly is bad for buyers since the seller will intentionally raise costs by causing a scarcity of supply. When the amount supplied is small, the price will rise. It is very inconvenient for customers.
There are rivals, but none pose a serious threat. We have DuPont and Syngenta by our side. In a monopoly, there is need to distinguish your products and set a niche above others. In this case, it is the main product; they work to create a brand. It is not easy for new firms to enter a monopoly market. It is because a large firm that has enjoyed profits for a long time will lower its prices below which a new competitor will not survive in the market.

In the global perspective, Monsanto faces competition and a CR4 ration of 23%. However, in the US, it dominates the market with almost triple that percentage.

December 15, 2021
Subcategory:

GamesEconomyMyself

Number of pages

1

Number of words

204

Downloads:

31

Writer #

Rate:

5

Expertise Entertainment
Verified writer

Samuel has helped me on several occasions with my college assignments. It has been both simple and complex for my Cinematography course. He is a creative person who will always inspire you. When you need a person to boost your forces, contact Samuel.

Hire Writer

This sample could have been used by your fellow student... Get your own unique essay on any topic and submit it by the deadline.

Eliminate the stress of Research and Writing!

Hire one of our experts to create a completely original paper even in 3 hours!

Get My Paper