logging in or signing up Market Structures nixsy52 Download Post to : URL : Related Presentations : Let's Connect Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Copy embed code: Embed: Flash iPad Dynamic Copy Does not support media & animations Automatically changes to Flash or non-Flash embed WordPress Embed Customize Embed URL: Copy Thumbnail: Copy The presentation is successfully added In Your Favorites. Views: 217 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: February 19, 2013 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Market Structures: Market Structures Amount and Degree of Competition among Firms Competing in the same Industry ©2012, TESCCC Economics Unit 4, Lesson 2PowerPoint Presentation: Industry All the sellers of the same or similar product Example: Automobile industry ©2012, TESCCCPowerPoint Presentation: Market The buyers The sellers The product The price ©2012, TESCCCPowerPoint Presentation: Market Structure Identifies the amount of competition in an industry If we can identify the amount of competition in an industry, we’ll be able to say something about. Pricing Price competition ©2012, TESCCCPerfect Competition: Perfect Competition Model does not exist Infinite number of sellers Consumers have access to all information. Sellers have no control over prices. I dentical products Buyer does not prefer one item over the other. Most competitive ©2012, TESCCCImperfect Competition: Imperfect Competition Three types of imperfect competition ©2012, TESCCCMonopolistic Competition: Monopolistic Competition All conditions of perfect competition with product differentiation Non-price competition Most competitive of imperfect competition Most companies operate here ©2012, TESCCCOligopoly: Oligopoly Few, large firms dominate the market (70-80% of the market concentration). Not as much competition- Firms have some control over prices. Price leadership Collusion Price fixing ©2012, TESCCCMonopoly: Monopoly One seller No competition Legal types Natural Technological- Patent or copyright Governmental ©2012, TESCCCMonopolies: Monopolies Natural It would be inefficient for more than one seller to operate. ©2012, TESCCCPowerPoint Presentation: Monopolies Technology Patent, copyright ©2012, TESCCCMonopolies: Monopolies Governmental Government owned and controlled Example: US Postal Service ©2012, TESCCCMonopolies: Monopolies Franchises or licenses Cable companies Radio, TV, cell phones, broadband Industrial organizations NFL, NBA, etc. ©2012, TESCCCPowerPoint Presentation: Perfect Competition Monopolistic Competition Oligopoly Monopoly Continuum of Market Structures – Shows degrees of competition from most competition to least competition. Most Least ©2012, TESCCCPowerPoint Presentation: Price Discrimination Divide consumers into groups. Charge different prices to different sections of consumers. Examples? Movie theatre Senior citizen discounts Cleaners Airline tickets ©2012, TESCCC You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.