Market Structures Review

many barriers to entry.

guaranteed profitability.

numerous buyers and sellers.

limited product choices.

Single seller dominance.

Products with no close substitutes.

The same or similar products.

High entry and exit barriers.

deal with natural resources.

are unregulated.

provide such things as utilities, public transportation, and cable TV.

exclusively sell products online.

Businesses that deal with natural resources.

Businesses that are unregulated.

Businesses that provide such things as utilities, public transportation, and cable TV.

Businesses that exclusively sell products online.

building brand loyalty

showing how similar a product is to its competitors

informing consumers that there are no other choices

decreasing product visibility

to differentiate their product from competitors

to lower the prices of their products

to indicate that their product is identical to others on the market

to eliminate the need for consumer choice

W

X

Y

Z

W

X

Y

Z

Perfect competition

Monopolistic competition

Oligopoly

Pure monopoly