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Differentiating Between Market Structures Table Essay Example

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Differentiating Between Market Structures Table Essay Example
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Differentiating Between Market Structures Table

Compare the four market structures by filling in the table.

| |Perfect competition |Monopoly |Monopolistic competition |Oligopoly |
|Example organization |Agriculture |Electric company |Olive Garden |Automobiles |
|Goods or services produced by the |Potatoes, corn, wheat |Electricity to power homes and |Italian Food and hospitality. |Cars, trucks, motorcycles. |
|organization | |businesses. | | |
|Barriers to entry |No |Yes |No barriers exist and are very easy for|Yes |
| | |High start up costs |companies to enter with little cost. |High start up cost and regulations|
| | |Government regulations | |that make it extremely hard for |
| | |Patents | |firms to enter into this market. |
|Number of organizations |There are numerous companies that sell |Usually only one company will provide |There are numerous companies that have |There are limited companies that |
|
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