Zusammenfassung der Ressource
TYPES OF MARKET
- MONOPOLY
- Produces a smaller amount than the one it sells
- No pressures on prices, costs and benefits
- Barriers to entry
- Harm the consumer
- High prices
- PERFECT COMPETITION
- High number of buyers and sellers
- No barriers to entry
- Homogeneous product
- Perfect information
- OLIGOPOLY
- Few companies have a high proportion of the market, with
barriers of entry
- Interdependence
- Cartel
- Collusion
- MONOPOLISTIC COMPETITION
- Many companies compete with each other with a certain degree of market power.
They can influence on the price
- Differentiation
- Brand