4 market structures

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4 market structures

Monsanto Research

fact: Mansanto is fighting against labeling laws which is bad considering they are an agribusiness

profit: Sales fell to $4.19 billion from $4.58 billion, trailing the $4.49 billion average estimate

how long: since 1901

product: foods

number of employees: 25,000

location: St Louis,MO

Owner/CEO: Hugh Grant

oligopoly

a state of limited competition, in which a market is shared by a small number of producers or sellers.

ex: BSNL/Airtel

monopolistic competition

producers sell products that are differentiated from one another

ex: restaraunts and pubs/hotels

monopoly

the exclusive possession or control of the supply or trade in a commodity or service.

ex:luxottica/Mansato

perfect competition

Buyers and sellers are so numerous and well informed that all elements of monopoly are absent and the market price of a commodity is beyond the control of individual buyers and sellers.

ex: Indian fish market/agricultural markets in general