Econ Four Market Structures

Econ Four Market Structures

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By: Maddie Florey

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  • Four Market Structures By: Maddie Florey
  • Examples: -Agricultural Market -Currency Market
  • Perfect Competition Definition: a market structure where competition is at its greatest possible level.
  • Monopolistic Competition Definition: many producers sell products that are differentiated from one another 
  • Examples: -Hotels -Pubs
  • Oligopoly Definition:  a market is shared by a small number of producers or sellers.
  • Examples: -Ford -Chevy
  • Monopoly Definition: structure characterized by a single seller
  • Examples: -Facebook -Google
  • Monopoly: AT&T Location: Dallas, TX Owner: Bell Telephone Company # of employees: 254 thousand employees Products: cellphones How long has it been in business: 35 years $ last year: $39.2 billion
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