|Starting Date||Thursday, January 12, 2017|
|Closing Date||Wednesday, January 18, 2017|
|Question Title||Market structure|
Smartphone is a mobile phone which has features of personal computer like operating system, web browsing and the ability to run software applications. The first smartphone was IBM's Simon, which was presented as a concept device (rather than a consumer device) at the 1992 COMDEX computer industry trade show. In 1999, the Japanese firm NTT DoCoMo released the first smartphone to achieve mass adoption within a country. Smartphones became widespread in the late 2000s. There are well known companies of smartphones like Samsung, Apple, LG, Lenovo, ZTE, Huawei, OPPO, Vivo, Sony, RIM, HTC, Nokia and Xiaomi etc. Samsung is the leading smartphone seller in 2016. Its market share in third quarter of 2016 is 20% while apple is the second largest smartphone seller with 12.5% share. Huawei is third largest and its market share in third quarter of 2016 is 9.3%. Samsung market share was 32.5% in 2013 which has been reduced in 2016.Now apple and other smartphone seller companies are close to Samsung. Day by day, competition among companies is increasing.
Being a student of economics, identify the market structure of smartphone selling market. Also explain how increased competition will impact the smartphone prices.
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I think this could be discussed under one of the below market structures:
1. Perfect competition structure
2. Monopoly structure
ye perfect competition hi lg rha ha
because nature of product same ha. sary mobiles hi han or number of firms bhi bht sarey hn
Yes, i also think so.
it can be oligopoly too.
Smartphones current examples of oligopolies market structure
Monopolistic competition ,