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Different Market Structures

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market structures
Soyful Alam
Mapa Mental por Soyful Alam, actualizado hace más de 1 año
Soyful Alam
Creado por Soyful Alam hace alrededor de 9 años
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Resumen del Recurso

Different Market Structures
  1. Monopolies
    1. Where one firm has complete control over the market
      1. Full market power and consumers have no choice than to buy the product from the monopolist
      2. Oligopoly
        1. Few big firms dominate the market
          1. Market power of 25%
          2. features of perfect comepetitive market
            1. Homogenous products
              1. Perfect information
                1. Price takers
                  1. No barriers to entry or exit
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