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Title: UPS vs. FedEx

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Subject: Technology
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Date: May 15, 2002
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Length: 7 / 2043
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Unlike firms under Monopolistic competition, there are various barriers to the entry of new firms, the size of the barriers, however, will vary from industry to industry. Because of the small numbers of firms under oligopoly, each firm will have to take account of the others action, they are interdependent...

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This means that each firm is affected by its rivals' actions. If one firm changes its product price or alters another part of its marketing strategy, it will have significantly impact in the rival firms. In other words, if one bank lowers its lending rate, the other banks in this industry will be affected, and they most likely will lower their rate, too...

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