Comparison Between P. O. W Camps And Oligopoly

The advertisement increases the selling of the products in P.O.W camps and oligopoly market. According to Radford, they used the shouting method of the priced ratio of the products that they wanted and the products that they need. However, they adjusted to use a wooden board to provide the ratio of the trading of the products by providing the priced ratios between the products that they wanted and the products that they need (Radford 189-201). In primitive times, ancient people used bartering to trade because printing have not invented yet. Since primitive time used bartering system, they required to exchange their information to trade with one another. Similarly, to the trading in P.O.W camps, Egypt trader used their voice to provide the information

Furthermore, it reduced time and effort in trading and introduce themselves to the traders. Similarly, to oligopoly market in outside prison, the competition use advertisement to provide information to consumers. According to Mateer et al, oligopolistic had few sellers with similar product (187). The gasoline companies consider as oligopoly because there are a lot of company selling the same product. For example, Safeway gas station, Costco gas station, and more. They use the same inelastic product, however, they cannot change the price like monopoly does because there still competition between firms. This is the reason that they require advertising to persuade consumers that they are a trustful seller. Since the oligopoly market has the ability to adjust the price by decreasing the benefit from consumer, oligopolies use pathos to convince their consumer to choose their company than other company. The goal for advertisement is to make the consumers choosing them by advertising their good service for the consumer. Oligopoly require a good public opinion to increase their profit and reduce the retaliation from the consumer on price