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Market Structures

Market Structures. Ohh to be a seller in the market of my choice!. Market Structures. So if you had your choice who would you be. Rank the order that you would want be in a market Perfect Competition Monopolistic Competition Monopolist Oligopoly.

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Market Structures

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  1. Market Structures Ohh to be a seller in the market of my choice!

  2. Market Structures

  3. So if you had your choice who would you be • Rank the order that you would want be in a market • Perfect Competition • Monopolistic Competition • Monopolist • Oligopoly

  4. So if you had your choice who would you be • Explain why you would choose the market you ranked first • Perfect Competition • Monopolistic Competition • Monopolist • Oligopoly

  5. The Dangers of Just a Few or Even one Company having total control • Collusion: an agree reached among competitors to control output and price • Price fixing • Cartel: a group of producers control output and prices

  6. If the producers get the upper hand, what do we do • Government regulation • Antitrust laws • Regulation of business practices • Breaking up monopolies • Blocking mergers

  7. Sometimes governments deregulate • Deregulation • The phone company • The airline industry • The energy market

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