Market Structure

22問 • 1年前

Sab Sescon

通報

問題一覧

place where there are many buyers and sellers

market

actively engaged in buying and selling acts

market

it does not mean a particular place but the entire area where buyers and sellers of commodity are in closed contact and they have one price of same commodity

market

refers to the characteristics of the market either organizational or competitive that describes the nature of competition in the pricing policy followed in the market

market structure

four categories of market structure

perfect competition Monopoly monopolistic competition oligopoly

a market structure where there are large numbers of independent buyers and sellers products are homogeneous identical and undifferentiated firms or price takers

perfect competition

examples includes vegetable vendors street foods soft drinks

perfect competition

large number of buyers and sellers or small firms homogeneous product or identical goods no barriers to entry perfect knowledge of the market absence of price control

perfect competition

it is a market structure in which there is only a single seller of the product

Monopoly

one firm has full control over the supply of the product

Monopoly

one seller and there are no close substitutes

monopoly

examples of monopoly

meralco microsoft

soul supplier of the product large number flyers no close substitutes one firm industry absence of entry monopolist is price maker

monopoly

it is a midway between perfect competition and monopoly

monopolistic competition

it is a type of imperfect competition such that many producers sell products that are differentiated from one another and hands are not perfect substitutes

monopolistic competition

examples of monopolistic competition

jollibee taco bell domino's mcdonald's kfc burger king in and out pandemic express mondays

large number firms product differentiation freedom of entry and exit pricing decision non price competition close substitutes

monopolistic competition

it is a market structure in which there are few sellers of a product selling identical or differentiated products

oligopoly

if they are selling identical products in oligopoly

pure oligopoly

if they are selling differentiated products in oligopoly

differentiated oligopoly

examples of oligopoly

shell caltex petron nintendo microsoft Sony

relatively small number of sellers interdependence of the firms difficulty in entry and exit large number of consumers

oligopoly

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問題一覧

place where there are many buyers and sellers

market

actively engaged in buying and selling acts

market

it does not mean a particular place but the entire area where buyers and sellers of commodity are in closed contact and they have one price of same commodity

market

refers to the characteristics of the market either organizational or competitive that describes the nature of competition in the pricing policy followed in the market

market structure

four categories of market structure

perfect competition Monopoly monopolistic competition oligopoly

a market structure where there are large numbers of independent buyers and sellers products are homogeneous identical and undifferentiated firms or price takers

perfect competition

examples includes vegetable vendors street foods soft drinks

perfect competition

large number of buyers and sellers or small firms homogeneous product or identical goods no barriers to entry perfect knowledge of the market absence of price control

perfect competition

it is a market structure in which there is only a single seller of the product

Monopoly

one firm has full control over the supply of the product

Monopoly

one seller and there are no close substitutes

monopoly

examples of monopoly

meralco microsoft

soul supplier of the product large number flyers no close substitutes one firm industry absence of entry monopolist is price maker

monopoly

it is a midway between perfect competition and monopoly

monopolistic competition

it is a type of imperfect competition such that many producers sell products that are differentiated from one another and hands are not perfect substitutes

monopolistic competition

examples of monopolistic competition

jollibee taco bell domino's mcdonald's kfc burger king in and out pandemic express mondays

large number firms product differentiation freedom of entry and exit pricing decision non price competition close substitutes

monopolistic competition

it is a market structure in which there are few sellers of a product selling identical or differentiated products

oligopoly

if they are selling identical products in oligopoly

pure oligopoly

if they are selling differentiated products in oligopoly

differentiated oligopoly

examples of oligopoly

shell caltex petron nintendo microsoft Sony

relatively small number of sellers interdependence of the firms difficulty in entry and exit large number of consumers

oligopoly