Post 3: 5 things I wanted to purchase/actually did purchase recently, identifying the market structures the product exists in.

   Recently I purchased tickets to see Linkin Park.  This year they came out with their fourth studio album, and starting in January they're going on their new tour.  Live Nation was the only company selling tickets to this concert, this is why I identified it as a Monopoly.  They could have charged me any price they wanted because there were no other companies selling these tickets.

   A couple days ago after getting home early because of a school black out, my buddy William J. Lovins and I went to Wawa for lunch.  There were tons of other places we could have gone that day to get food, for example, the Columbus General Store, Mastoris, or just about anywhere.  At that specific time we were craving a Wawa hoagie, which is why Wawa falls under the market structure Monopolistic Competition.  We could have gone anywhere, but we wouldn't have been satisfied if we didn't go to Wawa.

   Over the summer I purchased these shoes called Reebok Zigtechs.  Currently in the marketplace there is only one company that sells a shoe that is "an energy drink for your feet", and that's Reebok.  These shoes go under Monopoly because Reebok is the only shoe company selling this type of shoe. Therefore they can charge whatever they please, and they sure did.....$100 for these goofy looking shoes.

   About a month ago I made a deal with my dad, he said that he would match the money I save up in June for my graduation. And with that money I could buy a car.  The car I'm looking forward to buying is a 2003 Mercury Marauder, they're comfortable luxury vehicles with power, can't get much better. There's only one problem, only 11,053 of them were made in 2003 and 2004, which a very small amount in the car industry.  That is why the Mercury Marauder falls under Oligopoly. There are ann endless number of other vehicles I could get, but there are only 11,053 Marauders.  Because of this fact, owners and dealers can set almost any price for one.

   The Black Keys dropped their sixth studio album in May of this year, and I had to get it.  The Black Keys are easily one of my favorite bands, their blues/rock combination is awesome, I love it.  I decided to pick the CD up at Best Buy, where they have thousands of CDs. This new CD would be categorized as Monopolistic Competition, there were literally thousands of CDs I could have chosen from but I (again like the Wawa example) wouldn't have been satisfied with something else.  I wanted The Black Keys, not Black Eyed Peas.