The document outlines different market structures - perfect competition, monopoly, oligopoly, and monopolistic competition - and summarizes their key advantages and disadvantages. Perfect competition has the advantage of many buyers but the disadvantage of many rivals. A monopoly has no competition but is difficult to enter. Oligopoly has a small number of competitors making comparison easier but requires large capital. Monopolistic competition can innovate but has increased business expenses.
The document outlines different market structures - perfect competition, monopoly, oligopoly, and monopolistic competition - and summarizes their key advantages and disadvantages. Perfect competition has the advantage of many buyers but the disadvantage of many rivals. A monopoly has no competition but is difficult to enter. Oligopoly has a small number of competitors making comparison easier but requires large capital. Monopolistic competition can innovate but has increased business expenses.
The document outlines different market structures - perfect competition, monopoly, oligopoly, and monopolistic competition - and summarizes their key advantages and disadvantages. Perfect competition has the advantage of many buyers but the disadvantage of many rivals. A monopoly has no competition but is difficult to enter. Oligopoly has a small number of competitors making comparison easier but requires large capital. Monopolistic competition can innovate but has increased business expenses.
Perfect The advantage of the perfect The disadvantage of the perfect
Competition competition is they have large competition is that you will have number of buyers. And they many rivals in the market. The can earn a huge amount of customer cannot differentiate the profit since they have a large product that you are selling to number of buyers. another competitors. For example, you are selling fruits the and the other competitors selling fruit the customer cannot differentiate the difference of the fruits that you are selling and the fruits of the competitors. Monopoly The advantage of monopoly is The disadvantage of the that there is no competition. monopoly is that you will find it Since you are the one who is hard to enter in the market. selling that kind of product. Oligopoly The advantage of the oligopoly the disadvantage of the oligopoly is having only a number of is they need a large amount of companies that offer the goods capital. And the other rivals limit or service that you are trying to the new firms from entering in the find makes it simple to business. compare between them and select the most excellent choice for you. In other markets it can be difficult to completely look at all of the rivals to compare pricing and services offered. Monopolistic The advantage of monopolistic Since they going to innovate their Competition competition is they can product, to add feature in the innovate their products to product, or to advertise their standout in the market or to product it will increase the add feature to be known in expenses of the business. public. They can easily advertise their product. Escamilla, Roger H