TOPIC VI: PRICING UNDER VARIOUS MARKET CONDITION

Sellers offer same goods for almost similar prices.

• Pure Competition

• Monopolistic Competition

• Oligopoly

The market structure that offers differentiated products.

• Oligopoly

• Pure Competition

• Monopolistic Competition

The competitive environment in which buyers and sellers operate.

• Market Structure

• Competition

• Market

It refers as the least competitive market.

• Monopolistic Competition

• Pure Monopoly

• Oligopoly

Samsung and Apple are examples of what competitive market?

• Monopolistic Competition

• Oligopoly

• Pure Monopoly

It is an example of pure monopoly.

• Meralco

• Vegetables and fruits

• Coca-Cola

The following are the characteristics of pure competition, except for one.

• Price takers

• Free entry and free exit

• Standardized products

• Barriers to entry are high