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Market Structures # of Sellers Type of Products Entry/exit To Market Pricing Power Example

The document outlines four market structures: Pure Competition, Monopolistic Competition, Monopoly, and Oligopoly. Each structure is characterized by the number of sellers, type of products, market entry/exit conditions, pricing power, and examples of industries. Pure Competition features many sellers with identical products, while Monopoly has a single seller with unique products, and Oligopoly consists of a few sellers with either identical or differentiated products.

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Wheng Armada
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77 views1 page

Market Structures # of Sellers Type of Products Entry/exit To Market Pricing Power Example

The document outlines four market structures: Pure Competition, Monopolistic Competition, Monopoly, and Oligopoly. Each structure is characterized by the number of sellers, type of products, market entry/exit conditions, pricing power, and examples of industries. Pure Competition features many sellers with identical products, while Monopoly has a single seller with unique products, and Oligopoly consists of a few sellers with either identical or differentiated products.

Uploaded by

Wheng Armada
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Market # of Type of Products Entry/exit to Pricing power Example

Structures Sellers market


Pure Competition Many Identical- firms can Market price Agricultural
Homogeneous easily enter or and quantity of products
product, all goods exit from the output are
are perfect market determined
substitutes for exclusively by
consumers forces of
demand and
supply
Monopolistic Many Differentiated- free entry and firm can Restaurants
Competition Differentiated exit in the determine the Clothing
products, but close market quantity of the Shoes
substitutes for products and
consumers so their has some price
demand curves are control
elastic
Monopoly One Unique- Competitors company that Meralco
A single, are not able to operates the Maynilad
homogeneous enter the monopoly Ormeco
product with no market, decides the
close substitutes price of the
product
Oligopoly Few Identical and There are Petroleum
differentiated- some barriers Telecommunicat
Products can be to entry ion
either differentiated Broadcasting
or non- Medicinal drugs
differentiated Supermarkets
Coca-cola

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