1. Types of Market Structures Condition 1Condition 2Condition 3Condition 4Examples Pure Competition Monopolistic Competition X Oligopoly X Monopoly X Notes: CompetitionName: ____________________ Pure competition relies on Non-Price Competition. This means they don’t rely on price when buying. Instead, they look at things like: 1. 2. 3. 4.

2. Product Differentiation: examples: Four Types of Monopoly The ____________________________ is the recurring up and down of the economy. Peak: Recession: Trough: Expansion: Depression: Type of MonopolyDefinitionExamples

3. Federal Regulatory Agencies Regulatory Agency What It Stands ForDefinitionLogo FAAFederal Aviation Administration Regulates and oversee all aspects of American civil aviation. Consumer Price Index: Inflation: Deflation: