Summary of Market Structures Market structure is the interconnected characteristics of a market, such as the number and relative strength of buyers and sellers, degree of freedom in determining the price, level and forms of competition, the extent of product differentiation and ease of entry into and exit from the market

1. Summary of Market Structures
Unit 25
Instructor:
Atta Hussain Syed

2. Objective
Features of Oligopoly Market
Market Structure
Oligopoly
Examples of Oligopoly Market

3. Market structure
 Market structure is the interconnected characteristics of a market,
such as the number and relative strength of buyers and sellers,
degree of freedom in determining the price, level and forms of
competition, extent of product differentiation and ease of entry into
and exit from the market

4. Types of
Market
Number
of Firms
Freedom of
Entry
Nature of Product
Pricing
Power
Examples
Perfect
Competition
Many Unrestricted
Homogenous
(undifferentiated)
Price Taker
Foreign
exchange
markets.
Monopolistic
Competition
Several
Unrestricted
Differentiated Price Maker Restaurants
Oligopoly Few Restricted
Undifferentiated or
Differentiated
Price Maker Petrol, ISPs
(Networks)
Monopoly One
Completely
blocked
Unique
Price Maker WAPDA,
Railway etc.
Market structure Summary