Market Structures notes

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This Market Structures notes page gathers over 30 user-made notes on topics from perfect competition and monopoly to oligopoly and price discrimination. The collection is for university students and professional candidates, school students practising economics, and teachers looking for reading material. It spans school and university levels; choose a note to begin.

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General Notes for Imperfect Competition Monopoly MONOPOLY: a competitive structure where there is only 1 seller of a particular product with no close substitutes Monopolists are price-searchers. The demand curve is downward sloping, so they must lower price... Average rating 4.0 out of 5 (2 ratings) · Ashley Hay
Market Structures - Perfect Competition and Monopoly One of the quickest ways of determining what kind of market structure exists in a particular industry is to use concentration ratiosCONCENTRATION RATIO'S a measure of the extent to which a market is in the hands of a ... samyajahangir
Imperfect Competition Comparisons (VENN) Imperfect Competition Comparisons (VENN) Ashley Hay
Untitled         Economics Model Essays     Market Structures Question 1 (a)  Explain how the different features of monopolistic competition and oligopoly affect price and output determinatio... chian_yingxuan
Market Structure and Competition Market Structures How would you evaluate levels of competition among airlines? define the relevant market, then look at individual carriers, parent companies or alliences measures of competition at or over period of t... Enes Ogul
Oligopoly Oligopoly Some industries are dominated by a few companies which are called concentrated markets. The domination that a firm has is determined by its concentration ratio.Oligopoly in terms of market structure-An Oligo... Paige Waller
Oligopoly OligopolyA market dominated by a few large firmsA few firms between them share a large proportion of thte output or salesIncreased market concentration ratiosMany markets tend to be oligopolies in the long run Charact... Zoe WATKINS
Microeconomics Revision Notes 2.1 Markets ·         Definition of markets with relevant local, national and international examples A market is any place, physical or virtual, where the buyers and sells of go... lazybonezzz
Lecture5_MonopolyandMonopolistic_Competition James Dunn
part 3 Week 11 Perfect Competition       identical product, many small buyers and sellers, equal access to full information and low transaction, no or low barriers to entry or exit    ... Haruna Heima
Market Structure MARKET STRUCTURE Market is a place where the interaction between buyers and sellers occurs to resolve the economic problems on what and how many goods to produce through the market forces of supply and demands. 1. Per... Sufieyah Ata
chapter 13 monopoly chapter 13 monopoly markets dominated by one big firm- no close substitutes-barrier to entry3types of barrier to entry:1. natural-- economies of scale enables 1 firm to supply the enitre market at the lowest price pos... katherine.bacon0
AP Microeconomics: Monoply Overview Introduction Oligopoly and monopolistic competition have potential monopoly power The Lerner Index (P – MC) / P used to ascertain the pricing power of potential monopolistic powers the greater the value, the... scottpcoen
Market Structures - Monopolistic Competition and Oligopoly CHARACTERISTICS OF MONOPOLISTIC COMPETITION Large number of small firms The firms seek to maximise profits where MC=MR Firms possess some ability to set price Products are differentiated Abnormal profit only in the SR... samyajahangir
econ chapter 12 Chapter 12PERFECT COMPETITIONPerfect competition : many firms many buyers identical products no restrictions on entry no advantage for the established (nothing unique, consumers don't care which firm they buy from) pe... katherine.bacon0
Unit 2, Lesson 9 notes Monopolies are free from the pressure to produce at a socially optimal level because they have no competition to force them to produce at that level. Monopolies have the power to raise prices and limit the supply of t... Lexie Huey
Microeconomics - Competition Policy Competition Policies are government policies to prevent and reduce the abuse of monopoly power-Government choose to intervene in markets where monopoly power is causing market failure- can occur if monopoly has prices... Paige Waller
Economics Exam Short Answer 1) A monopolist has a lot of influence on price because they have no competition being the only producer in an industry. This makes monopolists price makers. 2) A monopolist faces a downward slope demand curve because... Olivia Mullins
Economics Chapter 7: Theory of the Firm II Perfect Competition -one of the four market structures -following characteristics --  a large number of small firms  -each firm's output is small in relation to the size of the market  -firms act i... Neve de Waal
Perfect Competition Perfect CompetitionTheoretical Conditions for perfectly competitive market: infinite number of suppliers and consumers - small enough that no single firm has market power and firms are price takers consumers have perf... Paige Waller
Using examples from the data and your own economic knowledge, discuss the advantages and disadvantages of different methods of controlling firms with monopoly power (20 marks) Using examples from the data and your own economic knowledge, discuss the advantages and disadvantages of different methods of controlling firms with monopoly power (20 marks) A pure monopoly is a single supplier in a... Megan Stacey-Edwards
Perfect Competition and Monopoly Perfect Competition Perfect competition - pure competition assumes that the market is in equilibrium and that all firms sell the same product for the same priceeach firm produces so little of the product compared to t... britneysoll
Monopoly WHAT IS MONOPOLY: Market supplied by just 1 producer If firm has 25% of market, monopolist Pure monopolists can be found in water and rail industries - only provider FEATURES OF MONOPOLY: Cost barriers - high costs to... Aarushi Jain
Oligopoly WHAT IS OLIGOPOLY: A merket dominated by few very large producers Fraction of market served by no of smaller firms Small firms can survive because supply market niche - small part of market that isn’t served by domina... Aarushi Jain
General Notes for Imperfect Competition Monopoly MONOPOLY: a competitive structure where there is only 1 seller of a particular product with no close substitutes Monopolists are price-searchers. The demand curve is downward sloping, so they must lower price... Sandi Bell
Contestable Markets Contestable MarketsFor a contestable market to exit there must be low barriers to entry and exit so that new suppliers can come into the market to provide fresh competition to established businessesContestable markets... Zoe WATKINS
Price discrimination Introduction to price discrimination Most businesses charge different prices to different groups of consumers for the same good or service! Businesses could make more money if they treated everyone as individuals and ... james.whitmore15
MARKET TYPES ACCORDING TO YOUR COMPETITION - creado desde un Mapa Mental COMPETITIVE MARKET NON COMPETITIVE MARKET ARE CLASSIFIED anyi yulieth quiroga rojas
OLIGOPOLY - created from Mind Map DEFINITION Price and Output Decisions CHARACTERISTICS Nabilah Mohd Akhir
Monopoly, monopsony and monopolistic competition Monopsony Definition = "A type of market structure where there is one buyer and many sellers or where one firm has significant 'buying power.' The firm has the ability to exploit its bargaining power with a supplier t... Sophie Knight
MONOPOLIES MONOPOLIES one firm barriers to entry produces ONLY one product price makers little to no advertising MONOPOLY RESOURCESex: owning the only well in townGOVERNMENT- GRANTED MONOPOLIESex: patents and copyright lawECONOM... djohnsonafsd
Market types - created from Mind Map perfect competition Perfect competition The monopoly Cristina Lindarte
Market Types - created from Mind Map Competitive Market Market non - Competitive Features Angie Perez
Competitive markets - created from Mind Map Perfect competition Imperfect competition Perfect competition in a market means that none of the agents can influence the price of the good or service. kevin kj
Monopoly - created from Mind Map Barriers to Entry Legal Restrictions Economies of Scale Control of Essential Resources: Which Patents and Invention Incentives Liscenses and Other Entry Restrictions One Firm can satisfy market demand at a lower avera... cjkowatsch
competition market - created from Mind Map Market competition occurs when in a market there is more than one company that compete for customers' preference for their products and services Mayra Alejandra Lugo Perez Prices are determined only by forces: Mayra Alejandra
4 types of market competition - creado desde un Mapa Mental 1. Perfect competition 2. The Monopoly market 3. The market in oligopoly laura martinez
competition market - created from Mind Map Market competition occurs when in a market there is more than one company that compete for customers' preference for their products and services. Prices are determined only by forces: There are two types of competitiv... Mayra Alejandra
Market types - created from Mind Map Oligopoly Monopoly Duopoly Viviana Novoa
MARKET TYPES - creado desde un Mapa Mental Monopoly Oligopoly Monopsony yenny castillo

More Market Structures resources

All Market Structures resources Quizzes 65 Mind maps 1,183 Flashcards 128 Slides 10

About market structures notes

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What the Market Structures notes cover

These notes offer different routes through the unit. General Notes for Imperfect Competition covers monopoly, monopolistic competition and oligopoly, including game theory. Price discrimination introduces different prices charged to groups of consumers, while Contestable Markets offers another topic to explore.

How to use the notes

Start with General Notes for Imperfect Competition if you want to read about several market types in one place. For a comparison of two structures, try Perfect Competition and Monopoly. You can then read Oligopoly to focus on a market dominated by a few large producers.

As you read, write down the features used to describe each structure and compare them across the notes. If you want to check your recall afterwards, switch to a quiz on the Market Structures unit page. A mind map can also give you a different way to review a topic.

Pick a note and start with the structure you want to practise.

Frequently asked questions

Which note should I start with?

General Notes for Imperfect Competition is a useful starting point if you want to read about monopoly, monopolistic competition and oligopoly together. If you would rather focus on two structures, Perfect Competition and Monopoly covers those side by side. Both are listed on this page.

Do the notes suit school and university study?

The collection includes resources at school and university levels, for students practising market structures as well as professional candidates and teachers. There is also a note on monopoly labelled for AP Microeconomics. Browse the titles and open a note to see whether its coverage fits what you are studying.

Are these notes free to use?

Yes. Every note listed here is free to open and study without an account. The resources were made by GoConqr users rather than by GoConqr. A free account also lets you make your own notes, quizzes, mind maps and flashcards, and saves your quiz scores.