I.

LEARNING ACTIVITY #4 In your understanding, is there a duopoly market in the

Philippines? Give at least examples.
Yes, one example is the PLDT and Globe. The telecom business in the Philippines is a
duopoly, with PLDT and Globe Telecom being the two prevailing parts in the mobile
market. Local media organization ABS-CBN Corp. is attempting to turn into the third part in
the country's mobile industry, working utilizing discount offices provided by Globe.

II. ASSIGNMENT #4

1. How do you identify market structures?

While examining a market, we first need to comprehend what we see as a market and
which qualities characterize a market structure. A market alludes to purchasers and
venders who through their affiliation, both in all actuality and possibly assemble the
expense of a decent or administration. A market construction could then be viewed as the
attributes of a market that sway the conduct and aftereffects of the associations working
around there. The principle qualities that decide a market structure are: the quantity of
associations on the lookout (selling and purchasing), their general exchange power
according to the value setting, the level of focus among them; the level result of separation
and uniqueness; and the passage and leave boundaries in a specific market. Along these
lines, the construction of the market influences how firm cost and supply their labor and
products, the section and leave obstructions, and how productively a vender does its
business tasks.

2. Which companies fall under a monopoly and an oligopoly market?

A monopoly is a market structure in which there is just a single maker/vender. Section is
essentially incomprehensible due to significant expenses or different obstacles. In a
monopoly the proprietor has unlimited authority in cost and loot. An illustration of an
imposing business model in the Philippines is Meralco, the electricity provider in the
country.
In an oligopoly, there are a couple of firms that make up the business. The
organizations control the cost. An oligopoly has a high hindrance for simplicity of passage.
The items are regularly indistinguishable. Caltex is in a petrol oligopoly.

3. What SMEs operate in perfect competition and monopolistic competition market structures?
A monopolistic market and a perfectly competitive market are two market structures that
have a few key qualifications regarding piece of the pie, value control, and obstructions to
passage. In a monopolistic market, there is just a single firm that directs the cost and
supply levels of labor and products, and that firm has complete market control. Examples
are restaurants, hotels, and firms. As opposed to a monopolistic market, a perfectly
competitive market is made out of numerous organizations, where nobody firm has market
control. In reality, no market is simply monopolistic or completely aggressive. Each true
market consolidates components of both of these market types. Examples of monopolistic
market are street food vendors, free software and agriculture markets.