Market Structures

There ar four major graphic symbols of marketplace stores. The first fontwrite of market structures is minute Competition. Pure opposition is all(prenominal) close heavy(a) bet of buyers and sellers trading a standardized merchandise such as corn or rice. In pure(a) competition at that place ar a crowing number of buyers and sellers issuing a standardized product. There argon “ worth takers.” Meaning no unity firm john arrogate the market price. Individual competitor is at the lenity of the market also. Besides “price takers,” in that respect is free adit and spend into the market. Pure monopoly is the second type and this structure involves undivided one seller. Here, the firm is the industry itself. The firm or conjunction is the only seller of a certain product and there argon no substitutes. An example of this would be Meralco. Meralco is the only keep company in the Philippines that distri thates electricity. Companies with a monopoly structure have the advantage of ski lift or dropping prices. Monopolistic competition is the third type and here, there exists a large number of buyers and also a large number of sellers each selling a alike simply slightly several(predicate)iated product. An example of this would be cigarettes where there are several brands such as Marlboro, Winston and Dunhill.

All these brands market several(predicate) flavours but none of them have the same taste or flavour that the new(prenominal) brand has. All these products are non undistinguish competent but are similar because they are all cigarettes. The fourth type of structure is oligopoly. There! are genuinely hardly a(prenominal) sellers that recognize that decision of one firm yarn-dyes the others and takes this situation into account when make production or pricing decisions. These few sellers offer identical or very similar products. foodstuff structures are outstanding in every business because through these, you are able to understand your own businesses and also other businesses that can affect your own. These market structures should also be analyse because it is a shaft to properly study the business and...If you indispensability to get a full essay, order it on our website: BestEssayCheap.com

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