Quarter 1 – Module 5

Differentiate Various
Market Structures
•After going through this module, you
are expected to:
• Differentiate various market structure
based on:
1. number of seller
2. types of products
3. entry or exit to market
4. pricing power
5. others.
E R P F T C E
O C M T P E T N I O I

PERFECT COMPETITION
1. _________________________________
O M P O L Y N O

MONOPOLY
2. _________________________________
O I L P O G O L Y

OLIGOPOLY
3. _________________________________
 MONOPOLISTIC
COMPETITION
4. _________________________________
Market Structure

1.PERFECT COMPETITION
2.MONOPOLY
3.OLIGOPOLY
4.MONOPOLISTICE COMPETITION
PERFECT COMPETITION
• or competitive markets -also referred to as pure, or free
competition
• expresses the idea of the combination of a wide range of
firms
• Homogeneous product
• Large number of agents
• No entry or exit barriers
• Price flexibility
• Free and perfect information
• Perfect factor mobility
• No government intervention
 MONOPOLY
• from the greek «mónos», single, and
«polein», to sell
• is a form of market structure of
imperfect competition, mainly
characterized by the existence of a sole
seller and many buyers.
• with entry and exit barriers
• the seller is a price-maker and consumers
will be price-takers.
 OLIGOPOLY
• from the Greek «oligos»,
few, and «polein», to sell
• is a form of
market structure that is
considered as half way
between two extremes:
perfect competition and
monopolies.
MONOPOLISTIC COMPETITION
• is a market structure defined
by four main characteristics:
1. large numbers of buyers and
sellers
2. perfect information
3. low entry and exit barriers
4. similar but differentiated
goods.
 Characteristic Perfect Monopol Oligopoly Monopolistic
Competition y Competition

a.number of
sellers Many One Few Many
a.types of
products Homogenous Limited Differentiated Differentiated
a.entry or exit Low entry and
to market None High High
exit
a.pricing
power Price maker but
Price Taker Price maker interdependent Price maker
behavior
• Direction: Answer the question below with a minimum
of 160 to a maximum of 300 words. Use a separate
sheet for your answer. (Rubric:10 points- comprehensive
and analytical 8-9 points- well written and some
includes analysis; 5-7 points-well written but lacks
analysis; 2-4 points- weak essay; 1 point Poorly written
and lack strength)
1.As an ABM student who is exposed of different market
scenarios, why do you think competition is important
in the market? Justify the benefits and negative effects
of competition inside the market.
 MONOPOLISTIC
COMPETITION MONOPOLY

PERFECT
OLIGOPOLY
COMPETITION
 PERFORMANCE TASK CRITERIA SCORE

• THE CLASS WILL BE DIVIDED INTO 4 PRESENTATION/ 10

GROUPS CONTENT
• EACH GROUP WILL SHOW A SCENARIO VOICE QUALITY 5
AND CHARACTERISTICS OF A MARKET
STRUCTURE (ACCORDING TO THE PROPS/ 5
MARKET STRUCTURE GIVEN) COSTUMES
• 3-5 MINUTES SCENARIO PERSONAL 5
• USE PROPS/COSTUMES AS NEEDED PRESENTATION
 MARKET STRUCTURES

PERFECT MONOPOLISTIC
OLIGOPOLY MONOPOLY
COMPETITION COMPETITION

1. 1. 1. 1.
2. 2. 2. 2.
3. 3. 3. 3.
4. 4. 4. 4.