Market Structures by Jarod Martin https://padlet.com/521343/gzppisyrm1gm Perfect Competition, Monopolistic Competition, Oligopoly, and Monopoly. en-us 2018-03-13 12:07:32 UTC 2018-03-14 15:09:34 UTC hello@padlet.com Market Structures 521343 https://padlet.com/521343/gzppisyrm1gm/wish/241318213 2018-03-13 12:25:13 UTC https://padlet.com/521343/gzppisyrm1gm/wish/241318213 Perfect Competition 521343 https://padlet.com/521343/gzppisyrm1gm/wish/241318527 - Fits all necessary conditions.
- Farmers markets can  be categorized with this.
- MC = MR is when profit is maximized.]]> 2018-03-13 12:25:59 UTC https://padlet.com/521343/gzppisyrm1gm/wish/241318527 Monopolistic Monopoly 521343 https://padlet.com/521343/gzppisyrm1gm/wish/241320745 - Fits all conditions except for identical products.
- Brand name clothing fits this.
- MC = MR still.]]> 2018-03-13 12:30:41 UTC https://padlet.com/521343/gzppisyrm1gm/wish/241320745 Oligopoly 521343 https://padlet.com/521343/gzppisyrm1gm/wish/241321432 - Very few large sellers dominate the industry.
-Microsoft and Sony fit this category.
- MC = MR as well.]]> 2018-03-13 12:32:03 UTC https://padlet.com/521343/gzppisyrm1gm/wish/241321432 Monopoly 521343 https://padlet.com/521343/gzppisyrm1gm/wish/241321522 - Owns its specific industry.
- Very disliked in America so not many.
- One telephone company in an area can fit this.
- Same as MC = MR except prices are much higher without competition.]]> 2018-03-13 12:32:17 UTC https://padlet.com/521343/gzppisyrm1gm/wish/241321522 Necessary Conditions 521343 https://padlet.com/521343/gzppisyrm1gm/wish/241330562 - Must have a large number of buyers and sellers.
- Buyers and sellers deal in identical problems.
- Each buyer and seller acts independently.
- Buyers and sellers are reasonably well informed about products and prices.
- Buyers and sellers are free to enter into, conduct, or get out of business.]]> 2018-03-13 12:49:39 UTC https://padlet.com/521343/gzppisyrm1gm/wish/241330562 521343 https://padlet.com/521343/gzppisyrm1gm/wish/241925849 2018-03-14 15:06:19 UTC https://padlet.com/521343/gzppisyrm1gm/wish/241925849 Video 521343 https://padlet.com/521343/gzppisyrm1gm/wish/241927015 2018-03-14 15:07:57 UTC https://padlet.com/521343/gzppisyrm1gm/wish/241927015