Name: Santos, Erica Aryll G.

Grade & Section: 12 AB-1C

Subject: Applied Economics
Teacher: Ms. Floramae Eslacin

Activity 1
Part l. Enumeration of Market Structure’s Characteristics
Directions: Using the Graphic Organizer below, enumerate the characteristics that you
know about the common market structures in terms of: A.) Types of Product B.) Pricing
Power C.) Number of Sellers and D.) Entry/Exit Barriers. Write your answer inside the
boxes.

A.) Aluminum and steel, oil and gas,

A.) Cosmetics, Garments, Medicines,
Shoes, Carwashes, Automotive Services
etc.
B.) Profit maximization occurs.
C.) Only has a handful of sellers.
D.) Comparatively easier entry and exit
automobile, airlines, entertainment, hotel
and restaurants, coffee shops, etc.
B.) The firms set and control their
prices, entrepreneurs maximize profits.
C.) Few large firms in the industry
Monopolistic D.) Various barriers to enter the market,
Competition entry is difficult and huge capital may be
the barrier to enter

Perfect
MARKET Oligopoly
Competition STRUCTURE

A.) Agricultural markets such as wheat,
cereals foreign markets, etc.
B.) Consumers can dictate the price. All
Monopoly
firms only have the motive of profit
maximization.
C.) Many and small sellers and no one can
affect the market
D.) Free entry to and exit from the industry
A.) Public Transportations like MRT,
computer software manufacturer like
Microsoft
B.) The firm is the price maker and the
firm has considerable control over the
price. Sole seller has the full power to
set prices.
C.) A single seller and no competitors
in the market
D.) Entry/exit is difficult and blocked
Part ll. Enumeration
Directions: Choose the answer from the box. Write the correct ANSWER on the space
provided before each number.

Market 1.These are the key points in evaluating business’ economic

Structures environments.
Monopoly 2.What do you call the type of market structure in which there is a
single merchant of a product for which there is no close alternative?
Market 3.It is one of the social relations wherein people exchange goods
and services.
Economics 4.Market structures deal with strategic decision making and focus on
and Marketing what?
Perfect 5.It is a type of market structure wherein a similar product has many
Competition sellers.
Economists 6.Who are the people concerned about market structures because
and Marketer they have different approaches in this said matter?
Monopolistic 7.What do you call the type of market structure in which
Competition differentiated product has many vendors?
Business 8.Who can precisely judge industry, policy changes, and market
Professionals news?
Interaction and 9.What provides the existence of different market structures?
Variations
Oligopoly 10.It is a type of market structure wherein there are few sellers of a
standardized or a differentiated product.