Forms of Industrial Organization Free Essay, Term Paper and Book Report
Running head: FORMS OF INDUSTRIAL ORGANIZATION
Forms of Industrial Organization
University of Phoenix
MBA 501
Facilitator: Mr. Charles J. Fanning
July 2, 2007
Week Three
Forms of Industrial Organization
Introduction
Economists group industries into market structures or models based upon its producing and selling environment. The four basic structures include pure competition, oligopoly, monopolistic and monopoly. They are differentiated from one another by the number of firms in the industry, how easy or difficult it is for them to enter the industry and whether they produce a standardized product, if it can be substituted, or differentiate from those of other businesses. Some businesses may venture through more than one of the market structures during its lifetime. The following paragraphs will discuss, by example, each of these structures and their characteristics along with the pricing and non-pricing strategies utilized by each.
Pure Competition
The characteristics of pure competition include a large number of sellers producing a small......
Word Count: 2579
Page Count: 10.3 (250 words a page / double spaced)
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