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Types of Economic Competition by S3a3DA

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									Types of Economic
   Competition
Determining the Type of Economic
          Competition

• The number of firms competing in the
  market
• The amount of similarity between the
  products of competing businesses
             Pure Competition
• The market condition where there is a
  large number of suppliers offering very
  similar suppliers

     Price




                              Quantity
               Monopoly
• The market condition in which one supplier
  offers a unique product


     Price




                              Quantity
               Oligopolies
• The market in which a few businesses
  offer very similar products or services


     Price




                               Quantity
    Monopolistic Competition
• The market in which there are many firms
  competing with products that are
  somewhat different.

     Price




                                                Quantity

       Monopolistic competition with few product differences
    Monopolistic Competition
• The market in which there are many firms
  competing with products that are
  somewhat different.

     Price




                                                Quantity

       Monopolistic competition with greater product differences

								
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