How can I create demand/supply schedules for the smart phone industry in the USA?
hitcho asked:
I want to show how RIM and Apple are oligopolists in the market for smart phones. All the other firms (Samsung, LG, Nokia) can be a fringe. How would I go about to create demand/supply schedules? Thanks in advance.
i want to be able to show quantities, prices, elasticities, et cetera. guidelines as to how to get there would be greatly appreciated.
I want to show how RIM and Apple are oligopolists in the market for smart phones. All the other firms (Samsung, LG, Nokia) can be a fringe. How would I go about to create demand/supply schedules? Thanks in advance.
i want to be able to show quantities, prices, elasticities, et cetera. guidelines as to how to get there would be greatly appreciated.
What you need is data eg the below (but for your defined smart phone sector rather than general cell phone industry).
The chart is simple enough to show that only 5 sellers dominate 81% of the market. This should make an argument for the industry to be oligopolistic. Lim