https://padlet.com/jr131000/4w1e886og5r8 Jaquelin Ramirez en-us 2019-02-21 20:35:16 UTC 2026-01-11 13:07:17 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Growing.png jr131000 https://padlet.com/jr131000/4w1e886og5r8/wish/333904599 A theoretical market structure that requires three major conditions.: Very large numbers of buyers and sellers, identical products, and freedom of entry and Exit. An Example of this would be like selling tomatoes to a grocery store. This is pure competition because the tomatoes are figuratively all the same but there are different buyers and sellers. It is easy to get into the business but you cant control the price. ]]> 2019-02-21 20:41:03 UTC https://padlet.com/jr131000/4w1e886og5r8/wish/333904599 jr131000 https://padlet.com/jr131000/4w1e886og5r8/wish/333914525 A Market structure having all conditions of pure competition except for identical products; s form of imperfect competition. 
An example of this is Designer clothing and cosmetics as well as gourmet foods. This is part of Monopolistic competition because the seller is trying to convince the buyer that the product is unique enough to be sold at a higher price. If the designer clothing has a unique-enough style then the seller can up the price. ]]> 2019-02-21 20:50:08 UTC https://padlet.com/jr131000/4w1e886og5r8/wish/333914525 jr131000 https://padlet.com/jr131000/4w1e886og5r8/wish/333917548 A Market structure in which a few sellers dominate the market and have the ability to affect prices in the industry; form of imperfect competition. An example of this would be major companies like APPLE and SAMSUNG. Because they're only few firms they have some influence on the prices and the entry into this type of market is very difficult. The company Apple was an entrepreneurship and it sells the same 'items" and it was difficult to enter the firm. ]]> 2019-02-21 20:56:34 UTC https://padlet.com/jr131000/4w1e886og5r8/wish/333917548 jr131000 https://padlet.com/jr131000/4w1e886og5r8/wish/333925336 A market structure characterized by a single producer; form of imperfect competition. 
Natural Monopoly - A Market structure in which average costs of production are lowest when all output is produced by a single firm.
Geographic Monopoly - A Market structure in which a firm has a monopoly because of its location or the small of the market. 
Technological Monopoly - Market structure in which a firm has a monopoly because it owns or controls a manufacturing method, process, or other scientific advantage. 
Government Monopoly - Monopoly created an/or owned by the government. ]]> 2019-02-21 21:12:42 UTC https://padlet.com/jr131000/4w1e886og5r8/wish/333925336