ECONOMIC PLANNING and STRATEGY

STE
JHS
Department

Laguna College of Business and Arts

 ECONOMIC PLANNING and STRATEGY

STE
JHS
Department

Laguna College of Business and Arts

 ECONOMIC PLANNING and STRATEGY

STE
JHS
Department

Laguna College of Business and Arts

 ECONOMIC PLANNING and STRATEGY

STE
JHS
Department

Laguna College of Business and Arts

 ECONOMIC PLANNING and STRATEGY

STE
JHS
Department

Laguna College of Business and Arts

 ECONOMIC PLANNING and STRATEGY

STE
JHS
Department

VARIABLES/ Perfect Monopoly Monopolistic Oligopoly

MARKET MODEL Competition Competition
No. of Large numbers Single seller Relatively large Few sellers
buyers/sellers of buyers/sellers number of
sellers
Pricing No one can Price maker Limited control Price agreement
influence the over the price among sellers
price (everyone
is a price taker)
Kind of product Homogeneous Unique or no Differentiated Identical or
or identical close substitutes products differentiated
Entry/Exit Very easy to Very difficult to Relatively easy Relatively
enter and exit enter into the to enter into the difficult to enter
into the market market market into the market
Non-price No non-price There maybe or Aggressive non- Strong non-price
competition competition no extensive price competition for
non-price competition differentiated
competition products
Laguna College of Business and Arts