Market Structures

This market structure is when on industry is controlled by a handful of companies

• Monopoly

• Oligopoly

• Monopolistic Competition

• Perfect Competition

This market structure occurs when an industry has many businesses selling the same product

• Monopoly

• Oligopoly

• Monopolistic Competition

• Perfect Competition

This market structure occurs when an industry is filled with many sellers who sell similar but differentiated products

• Monopoly

• Oligopoly

• Monopolistic Competition

• Perfect Competition

In this market structure, a business can offer low quality goods due to lack of competition

• Monopoly

• Oligopoly

• Monopolistic Compeition

• Perfect Competition

This market structure is most beneficial to consumers

• Monopoly

• Oligopoly

• Monopolistic Competition

• Perfect Competition

The major focus of sellers in this market is branding and marketing

• Monopoly

• Oligopoly

• Monopolistic Competition

• Perfect Competition

Collusion and price fixing can become a problem in this type of market structure

• Monopoly

• Oligopoly

• Monopolistic Competition

• Perfect Compeition

This market structure has some barriers to entry but they are typically low

• Monopoly

• Oligopoly

• Monopolistic Competition

• Perfect Competition

In this market structure, sellers can enter and exit the market freely

• Monopoly

• Oligopoly

• Monopolistic Compeition

• Perfect Competition

This market structure occurs when an entire industry is controlled by one company

• Monopoly

• Oligopoly

• Monopolistic Competition

• Perfect Competition