hey, are cinema's both oligopoly - Cineworld, Vue, Odeon etc and monopolistic competition (or is it perfect competition?) for small 'art' houses cinemas (1/2)?

(edited 9 years ago)

Reply 423

kosky101

Hi could anyone please tell me what diagram you draw for increased labour market flexibility? Thanks!

Reply 424

ThePrawn

Are monopsony's and trade unions examples of labour market failures?

Also cinema I would use for an oligopoly question as it shares the most characteristics with that.

Reply 425

dowen123

1

Original post by ThePrawn

Are monopsony's and trade unions examples of labour market failures?

Also cinema I would use for an oligopoly question as it shares the most characteristics with that.

but if you have to evaluate oligopoly, giving reasons why it may not be an oligopoly, what other market would it fit into?

Reply 426

Shepherd_9

Original post by kosky101

Hi could anyone please tell me what diagram you draw for increased labour market flexibility? Thanks!

Just a supply and demand with the supply becoming more elastic

Reply 427

Shepherd_9

Original post by dowen123

but if you have to evaluate oligopoly, giving reasons why it may not be an oligopoly, what other market would it fit into?

Could be monopolistically competitive because there are lots of cinema firms or could be a monopoly because Odeon has 25% of market share

Reply 428

dowen123

1

Original post by Shepherd_9

Could be monopolistically competitive because there are lots of cinema firms or could be a monopoly because Odeon has 25% of market share

thanks

, could you tell me the different market shares for the highly concentrated cinema's like Cineworld, Vue.. if you can please?

Reply 429

KateEmma23

What is the definition of labour market failure?

Reply 430

tsimms

1

Original post by KateEmma23

What is the definition of labour market failure?

Labour Market Failure occurs when supply and demand don’t result in an efficient allocation of labour resources. This can be seen in instances where there is a either a surplus or a shortage of labour, as well as cases where workers are in the wrong jobs, workers are poorly/aren’t trained, and where wage rates are low.

Reply 431

Shepherd_9

Original post by dowen123

thanks

, could you tell me the different market shares for the highly concentrated cinema's like Cineworld, Vue.. if you can please?

I'm not sure on all of them but i know that Vue, Odeon and Cineworld make up 62% which is the figure you'd use to talk about oligopolies

Reply 432

letsplayray

11

Original post by KateEmma23

What is the definition of labour market failure?

Labour market failure occurs when the market forces of demand for and supply of labour fail to efficiently allocate labour resources efficiently. Types of labour market failure are; Workers being in jobs they are not best suited for, surpluses and shortages of forms of labour, wage rates above or below equilibrium and lack of training.

Reply 433

vonny101

Anyone have a clash today thus doing the exam in the morning?

Posted from TSR Mobile

Reply 434

MTennison

Original post by vonny101

Anyone have a clash today thus doing the exam in the morning?

Posted from TSR Mobile

If they are, they won't be able to respond to you now, they'll be under supervision and not have any access to the internet.

Reply 435

vonny101

Original post by MTennison

If they are, they won't be able to respond to you now, they'll be under supervision and not have any access to the internet.

Okay

Didn't know :smile:

Reply 436

KateEmma23

Original post by letsplayray

Labour market failure occurs when the market forces of demand for and supply of labour fail to efficiently allocate labour resources efficiently. Types of labour market failure are; Workers being in jobs they are not best suited for, surpluses and shortages of forms of labour, wage rates above or below equilibrium and lack of training.

Thanks

Reply 437

KateEmma23

Original post by tsimms

Labour Market Failure occurs when supply and demand don’t result in an efficient allocation of labour resources. This can be seen in instances where there is a either a surplus or a shortage of labour, as well as cases where workers are in the wrong jobs, workers are poorly/aren’t trained, and where wage rates are low.