The Main Categories of Market Structures Essay -- Economy Economics U.

The Main Categories of marketplace StructuresRecent industry analyses typically break strong relation with economictheories. There is a theory, belongs to microeconomics, dividesindustries into categories jibe t the degree of contest thatexists between the firms within the industry, i.e. the theory of alternative Market Structures. This essay based on one-third questions divides into 3 separate to formulateand evaluate the questions.This essay (PART A) outlines the main categories of market structures,and shows the theoretical features of 2 of them, i.e. thoroughgoing(a) rivalry and Oligopoly.This essay (PART B) evaluates upon the most relevant structure in understand to the UK supermarket industry.This essay (PART C) shows the implications for the UK supermarketindustry of the Morrison to take over Sa a a couple of(prenominal)(prenominal)ay.Additionally, in this essay, the disseminate ends of three parts bein their finalities that would be instead of the conclusion in th e endof the whole essay. PART AMarkets can be exposit in relation to their different levels ofcompetitiveness. The different market structures are utter(a)competition, monopoly, oligopoly and monopolistic. For an overview ofeach structures comparative characteristics. In this essay, it analyzes the two of them sodding(a) competitor andOligopoly.Perfect Competition is the most competitive kind of market structure.It is considered as an high-minded form of economic organization forproviding goods and services to consumers as expeditiously as possible.Its characteristics are classified as follows1. There are umpteen firms in the industry, thus an individual firmscontribution to total industry lend is so small that whether... ...ucture by the acquisition, that means the market will be do evenharder for new shops, especially the small firms who may not castabilities to compete, offering a new shopping experience to don themarket. Because of the barriers, it cause s about limitation on thecustomer choices.As above mentioned, the Competition accusations decision ofacquisition by Morrisons of Safeway motivates the UK supermarketindustry to be much monopolistic while maintaining the scope ofcompetitiveness. Of course, there are a few potential problems thatmight express in next few years, when the competition is graduallyreducing and balancing.---------------------------------------------------------------------Works Cited1 seminal fluid by Sloman & Sutcliffe, economics for Business, 19982 Source by IDC data, 20033 Source by Competition Commission, 2004 The Main Categories of Market Structures quiz -- Economy Economics U.The Main Categories of Market StructuresRecent industry analyses typically have strong relation with economictheories. There is a theory, belongs to microeconomics, dividesindustries into categories according t the degree of competition thatexists between the firms within the industry, i.e. the theory ofAlt ernative Market Structures. This essay based on three questions divides into 3 parts to explainand evaluate the questions.This essay (PART A) outlines the main categories of market structures,and shows the theoretical features of two of them, i.e. PerfectCompetition and Oligopoly.This essay (PART B) evaluates upon the most relevant structure inregard to the UK supermarket industry.This essay (PART C) shows the implications for the UK supermarketindustry of the Morrison to take over Safeway.Additionally, in this essay, the spread conclusions of three parts arein their finalities that would be instead of the conclusion in the endof the whole essay. PART AMarkets can be described in relation to their different levels ofcompetitiveness. The different market structures are perfectcompetition, monopoly, oligopoly and monopolistic. For an overview ofeach structures comparative characteristics. In this essay, it analyzes the two of them Perfect Competition andOligopoly.Perfect Competition is the most competitive kind of market structure.It is considered as an ideal form of economic organization forproviding goods and services to consumers as efficiently as possible.Its characteristics are classified as follows1. There are many firms in the industry, thus an individual firmscontribution to total industry supply is so small that whether... ...ucture by the acquisition, that means the market will be made evenharder for new shops, especially the small firms who may not haveabilities to compete, offering a new shopping experience to enter themarket. Because of the barriers, it causes some limitation on thecustomer choices.As above mentioned, the Competition Commissions decision ofacquisition by Morrisons of Safeway motivates the UK supermarketindustry to be more monopolistic while maintaining the scope ofcompetitiveness. Of course, there are a few potential problems thatmight express in next few years, when the competition is graduallyreducing and balancing. ---------------------------------------------------------------------Works Cited1 Source by Sloman & Sutcliffe, Economics for Business, 19982 Source by IDC data, 20033 Source by Competition Commission, 2004