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    Market Structure A

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    Justine Padohilao
    The document provides a table to complete about the characteristics of different market structures including pure competition, monopolistic competition, monopoly, duopoly, and oligopoly. It describes key features of each market structure such as the number of sellers, product differences, how prices are imposed, and barriers to entry and exit. Examples are given for each market structure type to illustrate real world applications.

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    Market Structure A

    Uploaded by

    Justine Padohilao
    167 views2 pages
    The document provides a table to complete about the characteristics of different market structures including pure competition, monopolistic competition, monopoly, duopoly, and oligopoly. It describes key features of each market structure such as the number of sellers, product differences, how prices are imposed, and barriers to entry and exit. Examples are given for each market structure type to illustrate real world applications.

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    The document provides a table to complete about the characteristics of different market structures including pure competition, monopolistic competition, monopoly, duopoly, and oligopoly. It describes key features of each market structure such as the number of sellers, product differences, how prices are imposed, and barriers to entry and exit. Examples are given for each market structure type to illustrate real world applications.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    167 views2 pages

    Market Structure A

    Uploaded by

    Justine Padohilao
    The document provides a table to complete about the characteristics of different market structures including pure competition, monopolistic competition, monopoly, duopoly, and oligopoly. It describes key features of each market structure such as the number of sellers, product differences, how prices are imposed, and barriers to entry and exit. Examples are given for each market structure type to illustrate real world applications.

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    © All Rights Reserved
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    JUSTINE T.

    PADOHILAO

    ACTIVITY:
    CHARACTERISTICS OF DIFFERENT MARKET STRUCTURE:
    COMPLETE THE TABLE.

    MARKET NUMBER PRODUCT IMPOSITION ENTRY AND EXAMPLE


    STRUCTURE OF DIFFERENCES OF PRICES EXIT IN THE
    SELLERS INDUSTRY
    Pure competition is
    a market condition Agricultural
    PURE where the Long run products, such
    COMPETITON MANY companies’ analysis of pure NO as corn, and
    providing products competition. wheat.
    offer the same
    features and price.

    Hotels, hotels
    MONOPOLISTIC The firms have to Increasing their offer a prime
    COMPETITON MANY incur selling quality, real or NO example of
    expenses. perceived. monopolistic
    competition.

    The price is set


    A monopoly is when above marginal Google,
    a single company cost and the Facebook and
    MONOPOLY ONE produces goods firm earns a YES Microsoft.
    with no close positive
    substitute. economic
    profit.
    A duopoly exists
    when two The duopoly Aeroplan
    companies members manufacturers,
    DUOPOLY TWO dominate a market essentially YES coca cola and
    for a given product agree to split Pepsi.
    or service. the market.
    A small number of Cable
    relatively large television, and
    OLIGOPOLY FEW companies produce Resist changes YES commercial air
    similar, but slightly to price. travel.
    different goods.

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