Your NameYour Professor s NameYour ClassCurrent DateAnalysis of the US Automobile Industry as an OligopolyHistorically the cable car merchandise in the United States has been an oligopoly . For years it was predominate by the Big Three automakers - Ford , GM and Chrysler . More lately , it has been challenged by foreign automakers like Honda , Toyota and Nissan . Although with the entry of these Asian companies , the trade share of the Big Three has fallen in youthful years , the assiduity 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 til nowtors that drive any oligopoly . Its very essence is the fact that it is dominated by only a few companies that turn in highly coordinated behavior (Kaplan ) Therefore , pricing , produc ts , engineering and takings remain relatively similar .
It is not possible that some other auto manufacturers would elect to enter the marketplace to compete with the elect few for a number of reasons . cardinal of the foremost is the frugal barriers for entry into the auto making industry ( The Industry enchiridion : Automobiles 22 ) New entrants find it baffling to compete with the frugal advantages to large scale production . nevertheless though a new company may pee innovative ideas that would profit the consumer price-wise , the company would be taking on an upward agitate to achieve and maintain i ts status in the industry . As a result it d! oes not even enter the market or if it does attempt to...If you want to set about a plentiful essay, order it on our website:
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