Kategorier: Alla - monopoly - competition - prices - producers

av Kirsten Darrington för 11 årar sedan

210

Notes

Various market structures impact the dynamics of competition, pricing, and entry barriers within an economy. Oligarchy markets are characterized by a few producers offering similar products with moderate control over prices and significant entry barriers.

Notes

Market structure

Oligarchy

similarity of products
Similar products
Number of producers
Few producers
Control over prices
Moderate control over prices
Very difficult to enter

Monopolistic Competition

Similarity of products
Differentiated products, created to seperate themselves from competition
Number Of producers
Many Producers
Some control over prices.
Easy to enter

Perfect Competition

Practically identical products
Many producers
No control over price.
Ease Of Entry
Few Restrictions, ensures existing producers face competition from new firms.

Monopoly

Similarity of Products
Unique product
Number of Producers
One Producer
Control Over Price
Subatantial control over prices
Ease of Entry
High barriers, extremely hard to enter

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