Different Market Structures

Soyful Alam
Mind Map by Soyful Alam, updated more than 1 year ago
Soyful Alam
Created by Soyful Alam almost 5 years ago
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market structures
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Different Market Structures
1 Monopolies
1.1 Where one firm has complete control over the market
1.2 Full market power and consumers have no choice than to buy the product from the monopolist
2 Oligopoly
2.1 Few big firms dominate the market
2.2 Market power of 25%
3 features of perfect comepetitive market
3.1 Homogenous products
3.2 Perfect information
3.3 Price takers
3.4 No barriers to entry or exit
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