Hannah Marie L.

Caringal
ABM Maxwell
April 13, 2021

ACTIVITY #1

Characteristics Perfect Monopoly Monopolistic Oligopoly

Competition Competition

Number of A very large Sole/Single A large number Few sellers in an

sellers number of seller in a of sellers industry
sellers market

Nature of Products are Products are Products are Products are

Product homogenous unique slightly homogeneous/
differentiated differentiated

Degree of No capacity to Exercises a Exercises a Exercises a

Market Power influence or great degree of relative degree small degree of
affect the market market power of power but not market power
price as intensive

Ease of Firms have Entry into the Relatively low Extensive

Entry/Exit in the freedom of entry market is almost restriction on barriers are
Market and exit from the impossible entry and exit observed
market preventing entry
of competitors

ACTIVITY #5

1. Agree
2. Agree
3. Agree
4. Disagree
5. Agree
6. Disagree
7. Agree
8. Agree
9. Disagree
10. Agree
11. Agree