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Competition in the Market. Four Types of Competition Monopoly Competition Oligopoly Natural Monopoly.

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Presentation on theme: "Competition in the Market. Four Types of Competition Monopoly Competition Oligopoly Natural Monopoly."— Presentation transcript:

1 Competition in the Market

2 Four Types of Competition Monopoly Competition Oligopoly Natural Monopoly

3 1.Pure/Perfect Competition –Rivalry between companies for sales of similar goods and services Large number of buyers and sellers Identical product Well informed buyers and sellers More CompetitionLess Competition

4 Pure/Perfecct Competition Many buyer/sellers + Identical Products

5 Monopoly A business which controls all the selling of a good or service More CompetitionLess Competition

6 Controlled 90% of the diamond industry in 1980

7 Oligopoly A few very large sellers dominate the industry More CompetitionLess Competition

8

9 Oligopoly IpodZune

10 Natural Monopoly Natural Monopoly – a business with only one seller because it would be too expensive for other sells to compete

11

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