Kategoriak: All - monopoly - prices - oligopoly - producers

arabera John Cooper 11 years ago

205

John Cooper Market Structures

Market structures can be broadly categorized into four types: oligopoly, monopolistic competition, perfect competition, and monopoly. Each type is distinguished by factors such as the number of producers, ease of entry, control over prices, and the similarity of products.

John Cooper Market Structures

John Cooper Market Structures

Oligopoly

Similarity of Products: Similar
Number of Producers: Few
Ease of Entry: Difficult

Market Failures

Positive Externiality
Negative Externiality

Perfect Competition

Similarity of Products: Identical
Number of Producers: High
Control Over Prices: None
Ease of Entry: Very Easy

Monopolistic Competition

Similarity of Products: Very Different
Number of Producers: Many
Control Over Prices: Some
Ease of Entry: Few barriers

Monopoly

Similarity of Products: Unique
Number of Producers: One
Control Over Prices: Substantial
Ease of Entry: Very Difficult