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    mendozalu049
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    This document summarizes the key advantages and disadvantages of different market structures from the perspective of consumers: - Pure competition benefits consumers through lower prices and product availability. However, it lacks product diversity. - Monopolistic competition benefits consumers with variety and pricing variations, but some companies may overproduce. - Oligopoly can reduce choice for consumers, but still offers some variety. It can provide price stability. - Pure monopoly can achieve economies of scale but results in higher prices, limiting access for many consumers. Lack of competition allows profits without effort.

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    This document summarizes the key advantages and disadvantages of different market structures from the perspective of consumers: - Pure competition benefits consumers through lower prices and product availability. However, it lacks product diversity. - Monopolistic competition benefits consumers with variety and pricing variations, but some companies may overproduce. - Oligopoly can reduce choice for consumers, but still offers some variety. It can provide price stability. - Pure monopoly can achieve economies of scale but results in higher prices, limiting access for many consumers. Lack of competition allows profits without effort.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    9 views6 pages

    Financial Plan

    Uploaded by

    mendozalu049
    This document summarizes the key advantages and disadvantages of different market structures from the perspective of consumers: - Pure competition benefits consumers through lower prices and product availability. However, it lacks product diversity. - Monopolistic competition benefits consumers with variety and pricing variations, but some companies may overproduce. - Oligopoly can reduce choice for consumers, but still offers some variety. It can provide price stability. - Pure monopoly can achieve economies of scale but results in higher prices, limiting access for many consumers. Lack of competition allows profits without effort.

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    © All Rights Reserved
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    of 6

    1.

    02A HOW DOES


    EACH MARKET
    STRUCTURE
    BENEFIT
    CONSUMERS?
    Presented by Angeles
    Camacho
    PURE COMPETITION
    In this situations markets have no control over a product price.
    ADVANTAGES DISADVANTAGES
    Normally, when prices are too high, Products are similar, so consumers can not
    consumers have to find the same product compare prices, quality... There’s a lack of
    at a lower price. Pure competition rarely diversity.
    varies so consumers can switch between Pure competition doen’t care about
    products without noticeable cost changes. external facts such pollution.
    You can find the product you need
    anywhere because as products are similar,
    availability too.
    MONOPOLISTIC COMPETITION
    ADVANTAGES DISADVANTAGES
    Companies have the power to decide their Some companies produce in excess,
    product prices and their marketing. wasting material just to win their
    As not all products have the same competitors.
    products, there’s a variety of choices for The intensity of competitive rivalries can
    consumers. become products more difficult to find.
    As there are many competitors, there
    pricing variations, so consumers can find
    their product in a lower price.
    OLIGOPOLY
    ADVANTAGES DISADVANTAGES

    There are only some organizations active in


    It reduces competition, making it easy to
    a specific industry, so that can reduce the
    find the best possible product. As some
    amount of choice of consumers.
    companies may offer similar products,
    It can reduce the competition between the
    there is still a little variety.
    companies
    Brings price stability to the market
    PURE MONOPOLY
    ADVANTAGES DISADVANTAGES
    Can bring lower costs by exploiting Product prices are higher and that means
    economies on a big scale. that only a few people can afford it.
    Can maximize their benefits and profits by As there is no competition, companies can
    finding the optimal price and quantity of profit without making much effort.
    their products. Companies have power and influence on
    the diffusion of marketing.
    RESOURCES
    https://www.economicshelp.org/blog/265/economics/are-monopolies-always-bad/
    https://learnbusinessconcepts.com/advantages-and-disadvantages-of-monopoly-market/?expand_article=1
    https://www.bing.com/search?
    q=Monopolistic%20Competition%20in%20economy%20advantages%20and%20disadvantages%20for%2
    0a%20consumer&qs=ds&form=ATCVAJ7
    https://connectusfund.org/oligopoly-advantages-and-disadvantages
    https://www.wallstreetmojo.com/pure-monopoly/
    https://massinitiative.org/what-are-the-advantages-and-disadvantages-of-
    oligopolies/#:~:text=What%20are%20the%20advantages%20and%20disadvantages%20of%20oligopolies
    %3F,compare%20and%20choose%20products%3B%205%20more%20competitive%20prices%3B
    https://smallbusiness.chron.com/strengths-weaknesses-pure-competition-economics-37245.html
    https://smallbusiness.chron.com/strengths-weaknesses-pure-competition-economics-37245.html
    https://thismatter.com/economics/market-models.htm

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