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Submitted By ankush
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HW 2 NOKIA 1
Nokia is the mobile manufacturer company which comes under Monopolistic competition market structure. Because Nokia is in that market which have all the characteristics of perfect competition and of monopoly .Its control over market by unique or differentiated products.From Starting Nokia made different and good quality Mobiles.Now Nokia have a goodwill. Before Some year Mobile industry comes under oligopoly market because at that time there is very less no of producers in this industry but now from last few years industry expand and market shift from oligopoly to monopolistic market where large no of buyers and sellers.
So Now Nokia under the Oligopoly Competition.

1) No entry barrier: In mobile manufacturing industry any new company joins the industry and any company leave the industry any time because there is no such restriction in this market there is no need of Big funds in required, no legal restriction and no such economic barriers are there for new entrants. 2)Large number of Buyers and Sellers:This Point is Mach with Ferfect Competition . In India more than 70% of population use mobile, so there are large no of buyers active in mobile market. But from last two-three years so many new entrants are active in mobile manufacturer market but in this market Nokia still have 38% market share.
3) Selling costs: Nokia sell their product through different way like: Packing, Commission to distributors, Advertisements and other incentives. These production costs also increase the cost of product differently. Which creates competition between substitute firms.
4) Heterogeneous Product: Monopolistic competition makes a sharp departure from product homogeneity. Company (Nokia) in this type of market sell heterogeneous (“Mobile” unique or differentiated {means product have minor changes in same generic…...

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