4 market structures

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

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

ex:luxottica/Mansato

producers sell products that are differentiated from one another

ex: restaraunts and pubs/hotels

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

ex: BSNL/Airtel

Owner/CEO: Hugh Grant

location: St Louis,MO

number of employees: 25,000

product: foods

how long: since 1901

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

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