1. Assignment 2, Task 2
Business Environment
My name
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2. Agenda
• Perfect competition
• Market structure
• Types of market
• Difference between perfect competition and
oligopoly market
• Conclusion
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3. Perfect competition
• Definition of perfect competition
• Conditions for perfect competition
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4. Definition
• Perfection competition exists when there are
so many people in the market, and other
conditions are such, that no-one can influence
the price, all other being equal
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5. Conditions for perfect competition
• Lots of buyers and sellers
– Non of them can significantly influence the
quantity supplied or the quantity demanded
• Market price is fixed mmmmmmmmm
mmmm mmmmm
– Xxxxx xxxxx xxxxx
• Another point
– A sub point hhhhhhhhhh
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6. Condition for perfection competition
• Another point
– Sub point, if any
• Another point
– Jjjjjjjj
• Another point
– Sub point, if any
• Another point
– Jjjjjjjj
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7. Market structure
Pure
Perfect
Monopoly
Competition
Monopolistic Competition Oligopoly Duopoly Monopoly
The further right on the scale, the greater the degree
of monopoly power exercised by the firm.
Learning outcome 3

8. Types of market
• Monopolistic competition
• Monopoly
• Duopoly
• Oligopoly
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9. Monopolistic competition
• Briefly explain what it is
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10. Monopoly
• Briefly explain what it is
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11. Duopoly
• Briefly explain what it is
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12. Oligopoly
• Explain in more details
– Suppliers
– Buyers
– Pricing etc etc
• Put in some graphic showing Singtel, M1,
Starhub
– Market shared by them
– Number of subscribers shared by them
– Other relevant information
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13. Differences between perfect
competition and oligopoly market
• Suppliers
– Many suppliers in perfect competition
– Only a few large suppliers
• Buyers
– Lllllllllll
– Kkkkkkk
• Pricing
– Ooooooo
• Another point
– Pppppp (Continue to next page if needed)
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14. Conclusion
• (Write a short conclusion about how oligopoly
market deviate from perfect competition)
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