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Differentiating factors of the four markets include, ease of entrance or exit, the number of firms within the industry, and availability of substitutions. It is not uncommon for a market to begin as one type of structure and evolve into another. The following paper will discuss the four different market structures as well as explain the life cycle and progression of the All-Optical Notebook Computer Industry
Pure Competition
Monopoly
Oligopoly
The third type of market structure available in today’s market industry is an Oligopoly. "An oligopoly involves only a few sellers of a standardized or differentiated product, so each firm is affected by the decisions of its rivals and must take those decisions into account in determining its own price and output" ( Brue & McConnell, 2004, p...
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