Republic of the Philippines

DEPARTMENT OF EDUCATION
Region IV-A CALABARZON
DIVISION OF RIZAL
Morong National Senior High School
APPLIED ECONOMICS

NAME: _________________________________ DATE: ____________________

GRADE: ____________ STRAND: _________________
SUBJECT: Applied Economics TEACHER: JOSE JOHN SM. VOCAL

I. Read the questions carefully. Identify the type of market structure for each item. Write your
answer on the space provided.

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?
______________________________

II. Where Do I Belong?

Classify the products and services below. Write what market structure they should belong.
Write your answer on the table below.

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 (source: educba.com)

Perfect Competition Monopoly Monopolistic Oligopoly

Competition

1. 1. 1. 1.

2. 2. 2. 2.

3. 3. 3. 3.
III. Activity 1: Am I Right or Am I Wrong?

Directions: Write Confirm if the statement is correct and write Reject if the statement
is incorrect. Write your answer on the space provided before the number.

_________1. Monopoly is a market structure in which there is only one buyer of a product
for which there are no close substitutes.
2. Under oligopoly the action of each firm does not affect other firms.
3. Monopolistic Competition allows such variety of choices to the sellers.
_________4. In Perfectly Competitive Market the producers have the power to influence the
price of the product.
5. Oligopoly is a market structure in which there are few sellers of a product
and additional sellers cannot easily enter the industry.
6. The consumers have the power to influence the price of the products
and
services in monopsony.
7. Monopolists has no power to determine its output level and the price of
their
product.
8. Government is the consumer in monopsony and the government
employees
are the producers.
9. Advertisement is very important in perfectly competitive market to
encourage
buyers to buy certain products.
10. Oil industry is an example of oligopoly.

IV. Activity 3. Market Structure Board

Fill up the table by giving the needed information regarding market structure.

Market Number of Types of Entry/Exit to the Pricing Power

Structure Sellers Products/Services Market
Perfectly
Competitive
Market
Monopoly

Oligopoly

Monopsony

Monopolistic
Competition

References:
Dinio,Rosemary P. and Villasis George A, Applied Economics,2017 edition, Rex Book Store
https:/www.economicshelp.com, https:/www.coursehero.com