Features of the five market
structures
|
Types
of markets
|
Number
of people
|
Attention people gets
|
Nature
of people
|
Example
1
In
home
|
Example
2
In
college
|
|
Perfect
competition
|
60
|
Very less
|
They will differentiate by each and
every point
|
It’s summer holidays entire family
goes to my village my grand mom home, seriously if you want get some attention
you have to differentiate from rest of the members
|
60 girls in a college, so boys will choose
who is best among them and they don't care about rest of them
|
|
Monopolistic
competition
|
25
|
less
|
They will differentiated me from
others
|
Festival in my home, relative came to
home all the relatives get more attention,
|
25 girls in a college, boys will
choose from who are more attractive
|
|
Oligopoly
|
4
|
more
|
They will different me but less competition
|
When my 4 cousins came to my home, now
they are my competitors, even though I will get my own attention from my parents.
|
4 girls in a college, boys will get
select which girl is attractive
|
|
duopoly
|
2
|
Share their attention
|
They will different me but very less
|
When my brother came home my mom share
attention to both of us
|
Two girls in a college, boys will
share attention for both
|
|
monopoly
|
1
|
Completely to words me
|
Whatever I do they feel it as unique
|
When I am the only child in my home, I
will get more affection from my parents
|
There is only one girl in the college,
guess how attention she can get from boys
|
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