ECO 101 MARKET STRUCTURE

Introduction

Perfect Competition

The Characteristics of a Perfect Competition

Short-run Equilibrium of the Perfect Competitive Firm

Advantages of Perfect Competition

Disadvantages of Perfect Competition

Monopoly 

Characteristics of Monopoly 

Sources of Monopoly Power

The Short-run Equilibrium for a Monopolist

Loss-Minimization by the Monopolist in the Short-run

Price Discrimination

Monopolistic Competition

Characteristics of Monopolistic Competition

Short-run Equilibrium for Monopolistically Competitive Firm

Long-run Equilibrium for a Monopolistically Competitive Firm

Oligopoly

Characteristics of Oligopoly

Collusion and Cartels

Short-run and Long-run Prices and Output Determination

Alternative Classification of Markets