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Lizenzierung Namensnennung - Nicht-kommerziell - Keine Bearbeitung (CC BY-NC-ND)     (Unversité de Genève, cours de Pr. Monika Mrazova)
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Fenster schliessen

Market structure according to degree of competition

Lizenzierung: Keine Angabe
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Pure Competition

Many firms, all making the same product.
Each firms output level is small relative to the total

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Monopolistic Competition

Many firms each making a slightly different product. Each firms output level is small relative to the
total

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Dominant Firm

Many firms, but one much larger than the rest. The large firm’s decisions affect the payoffs of each small firm. Decisions by  any one small firm do not noticeably affect the payoffs of any other firm

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Oligopoly

A few firms, the decisions of each influencing the payoffs of the others

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Monopoly

Just one seller that determines the quantity supplied and the market-clearing price

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Market structures

Monopoly

Oligopoloy

Dominant firm

Monopolistic competition

Pure competition

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Market environment

Are there many other firms, or just a few?
Do other firms’ decisions affect our firm’s payoffs?
Is trading anonymous, in a market? Or are trades arranged with separate buyers by middlemen?