4th year,,hope it can help.

1. Oligopoly and
Monopolistic
Competition
By: Mr.
Gayares

2. Current Events
Read page 11: Economic Freedom...
Why do economic freedom falls in different
countries?

3. Analyze Perfect competion and Monoploy market structures
using these indicators:
NUMBER OF FIRMS:
: VARIETY OF GOODS
BARRIERS TO ENTRY:
CONTROL OVER PRICES:

4. Oligopoly
• A market
structure in which
a few large firms
dominate a
market

5. Features of Oligopoly
NUMBER OF FIRMS: FEW
VARIETY OF GOODS: SOME
BARRIERS TO ENTRY: HIGH
CONTROL OVER PRICES: SOME

6. Terms
• Price war- a series of
competitive price cuts
that lowers the
market price below
the cost of production

7. Terms
• Price fixing- an
agreement among
firms to charge one
price for the same
good

8. Terms
• Collusion- an
agreement among
firms to divide the
market, set prices, or
limit production

9. Terms
• Cartel- a formal
organization of
rpoducers that agree
to coordinate prices
and production
• Why do you think
cartels do not last
long?

10. Oligopoly cartoons

11. Oligopoly cartoons

12. Monopolistic Competition
• A market structure in
which many
companies sell
products that are
similar but not
identical

13. Features of Monopolistic Competition
NUMBER OF FIRMS: MANY
VARIETY OF GOODS: SOME
BARRIERS TO ENTRY: LOW
CONTROL OVER PRICES: SOME

14. Non-price Competition
• Physical
Characteristics- new
size, color, shape
texture, or taste

15. Non-price Competition
• Location- how
accessible or
conducive the
location to the
buyers

16. Non-price Competition
• Service Level- ‘the
conventional vs.
Fastfood example”.

17. Non-price Competition
• Advertising- perceive
product differences