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  • Pre Final TP BM

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    Robin Lusabio
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    This document compares monopoly, monopolistic competition, and oligopoly market structures. Monopolies can earn high profits but lack incentives to innovate, while monopolistic competition provides greater variety for consumers but firms face competition. Oligopolies have high concentration that reduces consumer choice.

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    PRE FINAL TP BM

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    This document compares monopoly, monopolistic competition, and oligopoly market structures. Monopolies can earn high profits but lack incentives to innovate, while monopolistic competition provides greater variety for consumers but firms face competition. Oligopolies have high concentration that reduces consumer choice.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    9 views1 page

    Pre Final TP BM

    Uploaded by

    Robin Lusabio
    This document compares monopoly, monopolistic competition, and oligopoly market structures. Monopolies can earn high profits but lack incentives to innovate, while monopolistic competition provides greater variety for consumers but firms face competition. Oligopolies have high concentration that reduces consumer choice.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    MONOPOLISTIC COMPETITION OLIGOPOLY

    MONOPOLY

    Differentiation brings greater


    ADVANTAGES Firms who become High profits and no fear of consumer choice and variety.
    monopolies may just be competition
    very efficient successful
    and innovative

    DISADVANTAGES
    Less inventive to high concentration reduces
    they can be wasteful
    innovate and invest. consumer choice.

    BASIC MICROECONOMICS FREE FINAL TASK PERFORMANCE

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