The document discusses different market structures: perfect competition, monopoly, monopolistic competition, and oligopoly. It provides features of each structure, examples, and criteria used to distinguish them. Perfect competition is characterized by many small sellers, homogeneous products, perfect information, and negligible impact of individual buyers/sellers on price. Monopoly has a single seller, no close substitutes for the good, and barriers to entry. Monopolistic competition involves differentiated products that are close substitutes, while oligopoly includes a small number of interdependent sellers controlling the market.

2. Perfect Competition
Monopoly
Monopolistic Competition
Oligopoly
TOPIC : MARKET STRUCTURE

3. Those characteristics of the
market that significantly affect
the behavior and interaction of
buyers and sellers.

4. The Meaning of Competition
The actions of any single
buyer or seller in the
market have a
negligible impact on
the market price.

5. –Number and size of producers and
consumers
–Types of goods and services being
sold.
–Availability of information about the
products being sold.
–Conditions of entry and exit
What are the main criteria used to distinguish
the different market structure?

6. Types Of Market
Structure
1.Pure (perfect) Competition
2.Monopoly
3.Monopolistic Competition
4.Oligopoly

7. Features of the four market structures

8. Features of the four market structures

9. Features of the four market structures

10. Features of the four market structures

11. Features of the four market structures

12. Features of the four market structures

13.  Perfect Information
1. Buyers and sellers have all the pertinent
information necessary for them to make decisions
on buying or selling goods and services.

14. Examples of Perfect
Competition :-
• Buyers and sellers in some
auction-type markets, say for
commodities.
• Street food vendors are also
considered to be a part of a
perfectly competitive market.
Their products are
homogeneous in nature, and
they are priced accordingly.
Consumers are free to make
purchases at any vendor they
prefer.

15. Monopoly
EXAMPLE :
NATIONAL UTILITIES
(WATER,ELECTRICITY

16. Monopolistic
Competition

17. Product Differentiation
This is the most feature of
monopolistic competition.
Each product in this
market is different from
other product in some
form or the other. The
differences could be in its
colour, shape, wrapper,
etc.their products, though
different, are close
substitute to each other
eg. Tide is close
substitute to surf excel.

18. Demand Curve of the
Seller
Due to product
differentiation and
availability of close
substitute, demand
curve is highly price
elastic and downward
sloping. It means a
slight change in price of
the product will bring
about a change in
quantity demanded.

19. Examples of Monopolistic
Competition

20. Examples of Monopolistic Competition

21. Examples of Monopolistic Competition

23. Examples of Oligopoly Competition

24. ANY
QUESTIONS
???

25. By-
Ishtiaque Ahmed
ID : 004