Help with A2 Business - Oligopoly v Monopolistic Watch

Edessa
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#1
Report Thread starter 9 years ago
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Help pleeeeeeease !!

I am trying to complete my coursework and I am stuck on this part. I have to describe whether Starbucks is an Oligopoly or a monopoly . I think that it is an oligopoly in the U.k but a Monopoly in the U.S. Is this right ?

Also I have written that Next and M&S are monopolistic? is this right or have I got mixed up again?

Finally even though google is my friend I cannot find any statistics on the U.K clothing market with regards to who has market share. Could anybody please point me in the right direction ?

Any help would be most appreciated.
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MeAndBubbles
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Report 9 years ago
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Restaurants and the like are grouped into monopolistic competition usually. Strikes me monopoly isn't the one.
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lodzinski
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definitely not a monopoly, as that suggests one player, high barriers, whereas I could set up a cafe quite easily. Monopolistic competition, with some major players (in the UK being Starbucks, costa, Caffe Nero, coffee republic, then smaller chains like gloria jeans' etc, and then plenty of independents)

Also, the UK clothing market is a tough one, as it can be segmented in many different ways. Your best bet would be to find details on the biggest firms in a market, then take their financial figures and put them head to head.
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Edessa
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Report Thread starter 9 years ago
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Thanks for all the reponses guys. With Google's and your help I think i've cracked it:

Oligopoly - Starbucks
Monopolistic- Next, M&S,

Oh well - I will find out for sure on Friday.
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