ACTIVITY 2, DIRECTION: Fill up the table (with critical thinking analysis)., Perfect, Monopolistic Oligopoly Monopoly, Competition Competition, of, Number, firms, of, Variety, goods, over, Control, prices, to, Barriers, entry, Examples

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ACTIVITY 2


DIRECTION: Fill up the table (with critical thinking analysis).
Perfect
Monopolistic Oligopoly Monopoly
Competition Competition
of
Number
firms
of
Variety
goods
over
Control
prices
to
Barriers
entry
Examples​

One of the characteristics of a free-market system is that suppliers have the right to compete with one another. The number of suppliers in a market defines the market structure. Economists identify four types of market structures: (1) perfect competition, (2) pure monopoly, (3) monopolistic competition, and (4) oligopoly. (Figure) summarizes the characteristics of each of these market structures.

i hope can helps


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