MARKET

STRUCTURES
Definition
•refers to the nature and
degree of competition in
the market for goods and
services.
Types of Market Structures
1. Perfect Competition
• is a market structure whereOf the same
many firms
offer a homogeneous product.kind;Because
alike.
there is freedom of entry and exit and
perfect information, firms will make
normal profits and prices will be kept low
by competitive pressures.
4. Monopolistic Competition
• A market structure in which several or
many sellers each produce similar, but
slightly differentiated products. Each
producer can set its price and quantity
without affecting the marketplace as a
whole.
2. Oligopoly
•the market condition that exists
when there are few sellers, as a
result of which they can greatly
influence price and other
market factors.
3. Monopoly
• market structure characterized by a
single seller, selling a unique product
in the market. In a monopoly market,
the seller faces no competition, as he
is the sole seller of goods with no
close substitute.
 ACTIVITY
Instructions:
1. Identify the Picture below if what types of Market Structures, then explain in your own
understanding.
2. Afterwards submit to your Class President for compilations, then the Class President
will submit to his Teacher.
1 2 3 4
References:
• https://www.toppr.com/guides/business-economics/meaning-and-types-of-
markets/types-of-market-structures/

• http://www.dictionary.com/browse/oligopoly

• https://economictimes.indiatimes.com/definition/Monopoly

• http://www.swlearning.com/economics/cebula/images/F02_movie.gif

• https://www.bpicards.com/images/p/6736a19b-meralco-logo.jpg

• https://thingsinindia.in/wp-content/uploads/2016/11/Top-10-Most-Popular-
Shampoo-Brands-Names-in-India-For-all-Hair-Types.png