SPECTRUM OF MARKET COMPETITION

FEATURES STRUCTURE

BEHAVIOUR

PERFORMANCE Price Output Efficiency Choice Equity Innovation

   

No. of firms Nature of product Barriers to entry Level of knowledge

Perfect competition Monopolistic competition Oligopoly Monopoly

 

Price vs non-price competition Price discrimination Collusion vs competition Mutual interdependence
(oligopolies)
Related concepts  Comparison of performance  Government intervention including deregulation, liberalization, privatisation  Allocative, productive, dynamic efficiency

Related concepts Natural monopoly

Related concepts Profits and other motives Kinked demand curve Contestable markets Market power Price leadership

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