Market Structure

Topics:

Market Structure

Perfect competition (Report by: May Limbag)

* Meaning of perfect competition

* Price determination under perfect competition

* Short-run analysis of a perfectly competitive firm

* Long-run analysis of a perfectly competitive firm

Competition in the Global Economy(Report by: Mhona Lescano)

* Domestic demand and supply, imports and prices

* The dollar exchange rate and U.S international competitiveness

Monopoly (Report by: Pauline Infante)

* Sources of monopoly

* Short-run price and output determination under monopoly

* Long-run price and output determination under monopoly

* Comparison of monopoly and perfect competition

Monopolistic Competition (Report by: Yrriane Malacapay)

* Meaning of monopolistic competition

* Short-run price and output determination under monopolistic competition

* Long-run price and output determination under monopolistic competition

* Comparison of monopolistic competition to perfect competition

Market Structure

Market-consist of all the actual and potential buyers and sellers of a particular product.

Market Structure-refers to the competitive environment in which the buyers and sellers of the product operate.

Types of Market Structure:

* Perfect competition

* Pure monopoly

* Monopolistic competition

* Oligopoly in between

This market structures is distinguished in terms of:

* Number and size of buyers and sellers of the product.

* Type of product bought and sold.

* Degree of mobility of resources.

* Degree of knowledge of economic agents.

* Demand and supply conditions.

Perfect competition

(Reporter: May Limbag)

Perfect competition-the form of market organization in which:

* there are many buyers sellers of the product.

* the product is homogenous.

* there is perfect mobility of resources.

* economics agents have perfect knowledge of market conditions.

Price determination under perfect...