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The document discusses different market structures including perfect competition, imperfect competition, and three types of imperfect competition: monopoly, monopolistic competition, and oligopoly. It provides examples for monopoly and monopolistic competition.

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neilangelo.garcia
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7 views

Pop Up

The document discusses different market structures including perfect competition, imperfect competition, and three types of imperfect competition: monopoly, monopolistic competition, and oligopoly. It provides examples for monopoly and monopolistic competition.

Uploaded by

neilangelo.garcia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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STRUCTURE
An ideal market structure in where participants sell identical
Perfect
products for identical prices, and characterized by a large
Competition number of buyers & sellers, no artificial barring and full
5%
5% 5%
5%
imformation.
5% 5%
Buyers Sellers
Market Share

5% 5%
100
5% 5%
80
A L
60
Q U
E
5% 5%
S
40 R ICE
5% 5% P
5% 5% 20
5% 5%
5% 5% 0

Imperfect A market structure where participants have a degree of


Competition control on prices due to some factors.

Three Types:
Monopoly
One dominant participant controls the entire supply of a
product giving them a great deal of influence on price. Control
on electricity
Example: Meralco controls the entire electricity supply.

Monopolistic 100%

Competition
Involves many participants competing with each other but
each selling differentiable products from one another.
Example: Fast food companies compete in burgers but all are different.

Oligopoly

Few (2 - 3) large participants dominate the market and none


can gatekeep control of another participant.

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