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.