Oligopoly and monopolistic competition

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4th year,,hope it can help.

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Oligopoly and monopolistic competition

  1. 1. Oligopoly andMonopolisticCompetition By: Mr. Gayares
  2. 2. Current EventsRead page 11: Economic Freedom...Why do economic freedom falls in different countries?
  3. 3. Analyze Perfect competion and Monoploy market structures using these indicators:NUMBER OF FIRMS:: VARIETY OF GOODSBARRIERS TO ENTRY:CONTROL OVER PRICES:
  4. 4. Oligopoly• A market structure in which a few large firms dominate a market
  5. 5. Features of OligopolyNUMBER OF FIRMS: FEWVARIETY OF GOODS: SOMEBARRIERS TO ENTRY: HIGHCONTROL OVER PRICES: SOME
  6. 6. Terms• Price war- a series of competitive price cuts that lowers the market price below the cost of production
  7. 7. Terms• Price fixing- an agreement among firms to charge one price for the same good
  8. 8. Terms• Collusion- an agreement among firms to divide the market, set prices, or limit production
  9. 9. Terms• Cartel- a formal organization of rpoducers that agree to coordinate prices and production• Why do you think cartels do not last long?
  10. 10. Oligopoly cartoons
  11. 11. Oligopoly cartoons
  12. 12. Monopolistic Competition• A market structure in which many companies sell products that are similar but not identical
  13. 13. Features of Monopolistic CompetitionNUMBER OF FIRMS: MANYVARIETY OF GOODS: SOMEBARRIERS TO ENTRY: LOWCONTROL OVER PRICES: SOME
  14. 14. Non-price Competition• Physical Characteristics- new size, color, shape texture, or taste
  15. 15. Non-price Competition• Location- how accessible or conducive the location to the buyers
  16. 16. Non-price Competition• Service Level- ‘the conventional vs. Fastfood example”.
  17. 17. Non-price Competition• Advertising- perceive product differences

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