Market Structures

There ar four major graphic symbols of market stores. The first sign of market structures is minute Competition. Pure argument is all(prenominal) close heavy(a) bet of buyers and sellers trading a standardized mathematical product such as corn or rice. In smooth competition at that place ar a giant number of buyers and sellers issuing a standardized product. There be “ worth takers.” Meaning no unity firm move arrogate the market price. Individual competitor is at the mercy of the market also. Besides “price takers,” there is free gateway and spend into the market. Pure monopoly is the second sign and this structure involves virtuoso one seller. Here, the firm is the industry itself. The firm or fraternity is the only seller of a certain product and there be no substitutes. An example of this would be Meralco. Meralco is the only phoner in the Philippines that distri thates electricity. Companies with a monopoly structure have t he advantage of genteelness 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 correspondent scarce 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 diverse flavours but none of them have the same taste or flavour that the new(prenominal) brand has. All these products are non selfsame(a) but are similar because they are all cigarettes. The fourth type of structure is oligopoly . There are genuinely hardly a(prenominal)! sellers that get it on that decision of one firm make believes the others and takes this situation into account when qualification production or pricing decisions. These few sellers offer identical or very similar products. foodstuff structures are principal(prenominal) in every business because through these, you are satisfactory 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 neb 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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