Industrial Organization - Market Structures

Market Structures

The common market structures studied in this field are the following:

  • Perfect competition
  • Monopolistic competition
  • Oligopoly
  • Oligopsony
  • Monopoly
  • Monopsony

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Famous quotes containing the words market and/or structures:

    “The market came with the dawn of civilization and it is not an invention of capitalism.... If it leads to improving the well-being of the people there is no contradiction with socialism.”
    —Mikhail Gorbachev (b. 1931)

    “The philosopher believes that the value of his philosophy lies in its totality, in its structure: posterity discovers it in the stones with which he built and with which other structures are subsequently built that are frequently better—and so, in the fact that that structure can be demolished and yet still possess value as material.”
    —Friedrich Nietzsche (1844–1900)