Page 43 - PowerPoint Presentation DR

Competition by Market Structure

 Pure Competition

- low barriers to entry, many choices, no

business has dominances .Many companies

competing and nobody has a significant

advantage Eg. Online business, convenience

stores

 Oligopoly

- very similar products, few number of big

sellers, small firms follow lead of big firms, fairly

inelastic demand. Eg: Banking industry(SBI,HDFC)

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