Markedsform
Markedsform is a concept in microeconomics that describes the structure of a market in terms of the number of buyers and sellers, the nature of the product, barriers to entry and exit, and the degree of price determination. Market forms help explain how prices and outputs are determined and how competitive pressures affect welfare.
- Perfect competition: many buyers and sellers, homogeneous product, free entry and exit, and firms that are
- Monopoly: a single seller, a unique product or high barriers to entry, where the firm is a
- Monopolistic competition: many firms, differentiated products, some price control, relatively free entry and exit.
- Oligopoly: a small number of firms with interdependent decisions, potential strategic interaction and barriers to entry,
- Monopsony: a market with a single buyer in an input market, which can influence input prices.
Market form is influenced by factors such as product differentiation, barriers to entry (patents, economies of