MP-market-structure_1

MP-market-structure_1 - PROFIT Example Oil producers...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
COMPETITIVE MARKET MANY PARTICIPANTS COMPLETE SUBSTITUTEABILITY NO BARRIERS TO ENTRY NO PROFIT Example agriculture
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
MONOPOLISTIC COMPETITION MANY PARTICIPANTS (>50) SOME SUBSTITUTEABILITY SOME BARRIERS TO ENTRY SOME PROFIT Example retailing
Background image of page 2
OLIGOPOLY FEW PARTICIPANTS (<10) LITTLE SUBSTITUTEABILITY CONSIDERABLE BARRIERS TO ENTRY CONSIDERABLE
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 4
Background image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: PROFIT Example Oil producers MONOPOLY ONE PARTICIPANT NO SUBSTITUTEABILITY COMPLETE BARRIERS TO ENTRY UNLIMITED PROFIT (REGULATED BY GOVERNMENT) Example Water supply MONOPOLY NOTE THAT WHEN AN OLIGOPOLY ACTS IN CONCERT (ACTING IN THE SAME WAY) IT CAN BE CALLED A CARTEL...
View Full Document

Page1 / 5

MP-market-structure_1 - PROFIT Example Oil producers...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online