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oligopoly in mobile phone services

oligopoly in mobile phone services

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Published by Shreelekha Pillai

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Categories:Types, Brochures
Published by: Shreelekha Pillai on Mar 27, 2011
Copyright:Attribution Non-commercial

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08/14/2011

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MonopolyMonopolisticCompetitionOligopolyPerfectlyCompetitive Market
 
PerfectlyCompetitiveMarke
t
‡Less market power ‡Price takers‡Goods arehomogenous‡Free entry andexit‡Perfect Info.
MonopolisticCompetition
‡Many firms‡Free entry andexit‡Differentiated but highlysubstitutable product
Oligopoly
‡Smallnumber of firms‡Productdifferentiation.‡Barriers toentry
Monopoly
‡There is market power ‡Single selle‡One product(limited or nogoodsubstitutes)‡Barriers toentry

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