Econ Four Market Structures
By: Maddie Florey
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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