APPLIED ECONOMICS

Quarter 1 – Week 6
Learning Activity Sheet
Name: __________________________ Grade & Section: _____________

MARKET STRUCTURES
Activity 1- Matching Type: Match the following market structures (SET A) with their characteristics (SET B). Write
the letter on the space provided for each number.

SET A SET B
1. Perfect Competition A. Sole seller has the full power to set prices
2. Monopolistic B. Entry is difficult and huge capital investment may be the barrier to
Competition enter the industry
3. Oligopoly C. Sellers offer close substitutes to the end users
4. Monopoly D. Homogeneous product is offered by many and small sellers

Activity 2- Enumeration: Accomplish this activity independently. Below is the list of some industries which
dominate the market. Enumerate the industries which are considered perfect competitors, monopolists, monopolistic
competitors and oligopolists.
Agricultural Markets Internet Providers Foreign Exchange (Forex Markets Electricity Provider
Public (MRT) Transport Telecom Companies Gasoline Stations Auto/Car Companies
Flower Shops Barber Shops Car Wash Services Automotive Services
Industries and Market Structures
Perfect Competition Monopolistic Competition Oligopoly Monopoly
1. 1. 1. 1.
2. 2. 2. 2.
3. 3. 3. 3.

Activity 3- Table: Observe the behavior of the nearest market in your locality. In the columns are the characteristics
of the different market structures. Describe the market structures of the industries in the market as to number of
sellers, pricing power, type of goods or services, and barriers to entry and exit. Complete the chart.
MARKET STRUCTURES & CHARACTERISTICS

Market Structures No. of Sellers/ Control Over Price/ Type of Goods/ Barrier to Entry /
Firms Pricing Power Products Exit to Market
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly

Activity 4: Read and analyze the questions carefully. Identify the type of market structure for each item.
1) If Company A competes with several firms in the industry but with product homogeneous to their offers on shelves,
what market structure does it enter? _________________________________
2) If BCX Company competes with few large firms in the industry but with differentiated products they offer on
shelves, what market structure does it enter? _________________________________
3) If there are several barriers on the entry and exit of firms in the industry due to huge amount of capital needed, what
market structure are they in? ____________________________
4) If Company X is the only provider of electricity energy in Metro Manila, what market structure does it join?
__________________________
5) ABM Supermarket has joined many and small marketers in the industry with several competitors selling the same
products. What market structure does it join? ____________________________________

Activity 5: Read and analyze the paragraph below and answer the given question.

The market has always been competitive due to entries of potential companies in a
specific industry. However, due to the economic issues that our country has been suffering since
the imposition of lockdowns all over Metro Manila, several industries have to cut down their

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operations before they lost all their assets and revenues. The Covid 19 pandemic has a great
impact on business overall operations.
In your assessment, what structures of business industries could sustain their operations
in the long run? Is there any or specific structure which really can easily dominate and exit the
market? Defend your answer.

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Assessment:

I. Multiple Choice: Directions: Read the questions carefully. Choose the letter of the correct
Answer and write it on the space provided.

_______1. Which does not belong to the group of market structures?

a. Monopoly b. Oligopoly c. Perfect Competition d. Market Competition
_______2. Which of the following is the most competitive market structure?
a. Perfect competition b. Monopolistic competition c. Oligopoly d. Monopoly
_______3. Which of the following is the least competitive market structure?
a. Perfect competition b. Monopolistic competition c. Oligopoly d. Monopoly
_______4. Which of the following is NOT a feature of a monopolistic competition?
a. Numerous sellers b. Product differentiation c. Numerous buyers d. Homogenous price
_______5. What market structure if price is the key for competing with other firms?
a. Monopoly b. Oligopoly c. Monopolistic competition d. Perfect competition
_______6. When the revenue is equal to price, which types of market structure?
a. Competitive monopoly b. Oligopoly c. Perfect competition d. All are types
_______7. Which of the following is NOT a type of market structure?
a. Competitive monopoly b. Oligopoly c. Perfect competition d. Monopoly
_______8. If ABM firm sells its output in a market, with many sellers and buyers of homogeneous product, and
unlimited resource mobility, the structures is a/an
a. Monopolist b. oligopolist c. perfect competitor d. monopolistic competitor
_______9. If the ABM firm sells homogenous products in a market, with a single seller and
many buyers, for which there are no close substitutes to the products, it is a/an
a. Monopolist b. oligopolist c. perfect competitor d. monopolistic competitor
_______10. If ABM firm sells its differentiated products in a market, with many sellers and buyers, the structure is
a/an
a. Monopolist b. oligopolist c. perfect competitor d. monopolistic competitor

II. Fill-in the Blanks: Read the sentences carefully. Write the missing word in each item.

1. There is a free entry to and exit from the industry in a ____________________ market structure.
2. In monopoly, there is a unique product and no close ________________ for the firm’s product.
3. In monopoly, the firm and industry are synonymous. No _____________ is observed.
4. In oligopoly, the ______________ is difficult and huge capital investments are needed to penetrate the market.
5. In _________________________, multiple firms produce similar and highly predictable products.

Prepared by: Checked by:

CLARISE D. LAUREL MYLA V. COMBALICER, EdD
Subject Teacher 2 Principal II
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