Market Structures

Control over prices- no control because there are too many producers

Ease of entry- Face few restrictions

Similarity of products-Products are usually identical

Number of producers- Many producers and consumers to help promote competition

Number of producers- Many producers

Ease of entry- Few barriers start up costs relatively low

Similarity of products-They seek to distinguish their goods from other companies goods

Control of prices- Some control because they control their brand market power is limited

Control over prices- Control over prices, any price they want because they are the only one

Ease of entry-hard to enter the market

Similarity of products-unique product

Number of producers- usually only one producer

Control over prices-Some control because there are few firms, prices are based off other firms' prices

Ease of entry-Hard for new firms to enter, high start up costs

Similarity of products-same product with minor variations

Number of producers-Few producers