1. Imperfect competition market
1.1. It is the intermediate market between monopoly and perfect competition. It can occur in two variants: either when there are many companies offering similar (not identical) products, or when there is a high number of buyers but few sellers.
1.1.1. example
1.1.1.1. An example of this, among many others, are the companies American Express, Visa, telephone companies, Facebook, Microsoft, Nestlé, PepsiCo. Those who operate in an imperfect market, since there are few who offer their products to many customers (demanders of the product).
1.1.2. monopoly market
1.1.2.1. They are commercial spectrums in which a single brand is responsible for the sale of a product or service. This situation is basically explained by the high number of entry barriers that are imposed on companies that aspire to compete.
1.1.2.1.1. example
1.1.2.1.2. Concept
1.1.2.1.3. Types
1.1.3. Monopsony market
1.1.3.1. We speak in this case of markets in which consumers have a leading role. That is, after their business decisions, they are able to change, or at least influence, the price of products. Obviously, for this to be the case, demand must be much higher than supply. Customers, therefore, have a very high bargaining power in this model.
1.1.3.1.1. example
1.1.3.1.2. models
1.1.4. Duopoly
1.1.4.1. Example
1.1.4.1.1. Coca – cola and Pepsi companies. They practically cover the entire market and are easily identified.
1.1.5. Oligopoly
1.1.5.1. There are very few bidding companies, and these have enough power to influence market conditions and prices. Its power is not as high as in a monopoly, since there is some competition between the participating companies. Here, the product can be differentiated (vehicle factories) or undifferentiated (gasoline).
1.1.5.1.1. Example
1.1.5.1.2. Models
2. Perfectly competitive market
2.1. These are markets in which so many interact consumers, offers and brands, that none of them is capable of alone influence the price of the products. the competition is always the order of the day and goods and services are generally the same or similar.
2.1.1. example
2.1.1.1. A good example of a perfect competition situation is a fresh fish market on a wharf where many people visit. Each fish is equivalent and it doesn't matter which vendor you buy from. All the vendors are close to each other so they know the price of each fish stall