7033686
Description
Mind Map by Vanessa cs, updated more than 1 year ago
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Created by Vanessa cs
over 7 years ago
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TYPES OF MARKET
- MONOPOLY
- Produces a smaller amount than the one it sells
- No pressures on prices, costs and benefits
- Barriers to entry
- Harm the consumer
- High prices
- Produces a smaller amount than the one it sells
- PERFECT COMPETITION
- High number of buyers and sellers
- No barriers to entry
- Homogeneous product
- Perfect information
- High number of buyers and sellers
- OLIGOPOLY
- Few companies have a high proportion of the market, with
barriers of entry
- Interdependence
- Cartel
- Collusion
- Interdependence
- Few companies have a high proportion of the market, with
barriers of entry
- MONOPOLISTIC COMPETITION
- Many companies compete with each other with a certain degree of market power.
They can influence on the price
- Differentiation
- Brand
- Differentiation
- Many companies compete with each other with a certain degree of market power.
They can influence on the price
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