Analysis of Industry: Which Market Structure?
This project requires you to choose an industry and research it with the goal of identifying which market structure the industry most closely resembles.
This guide contains resources to help you do your research.
The four basic types of market structure are:
► Pure competition: many buyers and sellers, none being able to influence prices
► Monopolistic competition,many competing firms, each of which has a similar but at least slightly different product
► Oligopoly: several large sellers who have some control over the prices
► Pure monopoly: single seller with considerable control over supply and prices