FOUR MARKET STRUCTURE

Pure Pure Monopolistic

Features Oligopoly
Competition Monopoly Competition

Very large Many sellers

Number of
number of One seller Few sellers acting
Seller
small sellers independently

Homogenous;
Type of Homogenous No close Products are
others
Product or identical substitute differentiated
differentiated

Freedom of
Entry and Blocked Difficult to Relatively
entry and
Exit entry enter easy to enter
exit

Control
Can control Can dictate
over the Price taker Price setter
price the price
price

Demand Perfectly Relatively Relatively

Kinked curve
Curve elastic inelastic elastic

Non-price Not To enlarge Relatively Very

Competition necessary the market important important
Soaps,
shoes,
Water, Gasoline,
Fruits, dresses,
electricity, steel, cars,
Example of vegetable, candies and
trains like sugar,
products from services of
PNR, MRT cement and
agriculture parlors and
and LRT airlines
restaurants,
etc.