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Lesson 11-Market Structures

Lesson 11-Market Structures

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Published by Gracielle Espiritu

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Categories:Topics, Art & Design
Published by: Gracielle Espiritu on Jul 29, 2011
Copyright:Attribution Non-commercial

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12/16/2012

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GOALS
‡
Understand the four market structures
1.Perfectly competitive market2.Monopoly3.Oligopoly4.Monopolistic Competition
‡
Be aware of the pricing and outputdecisions of firms operating in eachstructure
 
M
ARKET STRUCTURE 
‡
BUSINESS ENVIRONMENTin whichthe firm operates, thecharacteristics of which influencethe PRICINGand OUTPUT decisionsof the firm.

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