Market Structures

Front

This market structure is when one industry is controlled by a handful of companies.

Back

Oligopoly

Front

This market structure occurs when an industry has many businesses selling the same product

Back

Perfect Competition

Front

This market structure occurs when an industry is filled with many sellers who sell similar but differentiated products

Back

Monopolistic Competition

Front

In this market structure, a business can offer low quality goods due to lack of competition

Back

Monopoly

Front

This market structure is most beneficial to consumers: Monopoly, Oligopoly, Monopolistic Competition, Perfect Competition

Back

Perfect Competition

Front

The major focus of sellers in this market is branding and marketing

Back

Monopolistic Competition

Front

Collusion and price fixing can become a problem in this type of market structure

Back

Oligopoly

Front

This market structure has some barriers to entry but they are typically low.

Back

Monopolistic Competition

Front

In this market structure, sellers can enter and exit the market freely

Back

Perfect Competition

Front

This market structure occurs when an entire industry is controlled by one company

Back

Monopoly