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Running head: MARKET STRUCTURES
Market structure
Nithesh Bharadwaj Kadivendi
Indiana Wesleyan University
28
th
AUG 2020

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MARKET STRUCTURES
Market structure
Firm # 1
Firm # 2
Firm # 3
Firm name
McDonald and burger
king
GMC, Great Motors
Trucks Company
Luxottica
Several firms
competing
with each
other?
A large number of firm
Fewer firm
Single firm
Nature of the
product?
Differentiated through
grading and branding
Undifferentiated and
differentiated. They
differentiate products
through advertising
Differentiate
unique products
and have a close
substitute
Entry into the
market?
Few barriers
Many barriers
Barriers of entry
including even
legal restriction
Availability
of information
to market
participants?
The buyers and the
sellers have relative
knowledge about the
Buyers and sellers
have inadequate
information about
the market
Patent and
copyrights and
trade secrets
protect the buyers
and sellers from

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1 Running head: MARKET STRUCTURES Market structure Nithesh Bharadwaj Kadivendi Indiana Wesleyan University 28th AUG 2020 2 MARKET STRUCTURES Market structure Firm # 1 Firm # 2 GMC, Great Motors Firm name McDonald and burger Firm # 3 Luxottica Trucks Company king Several firms A large number of firm Fewer firm Single firm Undifferentiated and Differentiate differentiated. They unique products Differentiated through differentiate products and have a close grading and branding through advertising substitute Many barriers Barriers of entry competing with each other? Nature of the product? Entry into the Few barriers including even market? legal restriction Buyers and sellers Patent and have inadequate copyrights and The buyers and the information about trade secrets sellers have relative the market protect the buyers Availability of information to market participants? knowledge about the and sellers from 3 MARKET STRUCTURES market knowing the market They are price makers Price formation is They are price through differentiation through cartels and marker Firm’s control of product collusion. They are over pricing price setter Oligopoly, each Monopoly; Monopolistic: Mc GMC manufacturer Luxottica firm Donald and burger holds a significant because it king who sells a share enough to dominates the similar product with affect the market United States but not identical to price sunglasses Type of market Starbuck ...
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