in this assighnment i will talking about different types of market structers including monoply,oligoply,monopolistic and perfect compotition and how they have a direct relationship with pricing and output decisions the other subjects i will talk about and demonstrate examples are culture and its meaning and how it effects market desicions ,internatinal trade and the importence of it to buisneses i will talk about political ,economical social technecoligcal also known as pest for short i will talk about the europeon union and the impact it does on uk and its buisnesses. market structures are: the number of agents in the market, both sellers and buyers; their relative negotiation strength, in terms of ability to set prices; the degree of concentration among them; the degree of differentiation and uniqueness of products; and the ease, or not, of entering and exiting the market. the common market structers are
Monopoly: are Companies which are goverment owned or when a single company or group owns all or most of all the market for a given product or service.entry for other players are not allowed or have very high barriers. example in the us for microsoft is a monoply becuase it owns all or most of the software market and has a high barrier to gain entry into the market.
Oligopoly:the Uk and other countries the people buy their food from different franchises for example mcdonalds,kfc,pizza hut and nandos etc. in this structure the buyers are many, sellers are few, and competition is high.
Monopolistic Competition:for an example in your community you may have pizza hut on one side of the street and nandos on the other side of the street they might be producing the same kind of recipes on their pizza but nandos pizza is more expensive becouase of the branding.many buyers, many sellers almost same product but different branding and high level of competition .