Types of Market

Descripción

types of market according to the competition
david mauricio mendez molina
Mapa Mental por david mauricio mendez molina, actualizado hace más de 1 año
david mauricio mendez molina
Creado por david mauricio mendez molina hace casi 3 años
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Resumen del Recurso

Types of Market
  1. Monopolistic Competition
    1. Large number of small companies competing with each other. The lowest possible production cost is not assumed.
    2. Oligopoly
      1. An oligopoly is dominated by a few companies, resulting in limited competition. They can collaborate or compete with each other to use their collective market power.
      2. Pure Competition
        1. Is a market structure defined by a large number of small firms competing against each other.
        2. Pure Monopoly
          1. This firm is the sole producer of a product, and there are no close substitutes. Because there are no alternatives, the firm has the highest level of market power.
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