Market Structur
monopoly
Number of Producers = very few usually only 1
Similarit of Producers = A unique product
Ease of Entry = Hard to get into
Control over price = A lot of control over price
note= good for Business, DeBeers 90% Damonds, Bad for consurmers,
Oligopoly
Number of Producers = A few
Similarit of Producers = can tell different
Ease of Entry = Hard into
Control over price = some
note= 60%,post,quekar,Gmills they make corn flcks raijen bins.
Perfect Competition
Number of Producers =
Similarit of Producers =
Ease of Entry =
Control over price =
Monopolistic Competition
Number of producers = Medium
Similarit of producers = Somewhat some different
Ease of Entry = somewhat low
Control over price = low
Market Structures
Negative Externality
Positive Extemality