Market Structures
Name___________________________
Worksheet
Date____________________________
Period___________________________
Match each characteristic from the following list to the correct market structure in the table below. Place the
corresponding number of the characteristic in the table. The 1st one is done for you. There is only 1 number
per box. Two numbers can be used in 2 different boxes.
Characteristic
Perfect
Competition
Number of Firms
Monopolistic
Competition
Oligopoly
8
Type of Product
Control Over
Price
Entry and Exit
Advertising
Examples
1. One Firm
2. Truck Farming
3. Difficult entry
4. Many Firms/20 to 70
5. Autos and Airlines
6. Unique Product w/ No close Substitutes
7. Gas Stations and Dry Cleaners
8. Many Firms/100’s to 1000’s
9. Almost Impossible Entry
10. Limited Control Over Price
11. Almost Complete Price Control
12. Some Price Control w/ Collusion
13. Public Relations Advertising
14. Easy Entry
15. Local Utility company/Georgia Power
16. Few Firms/3 to 12
17. No Control Over Price
18. Relatively Easy Entry
19. Standardized Product
20. No Advertising
21. Standardized or Differentiated
22. A lot of Advertising
23. Differentiated Product
24. A lot of Advertising
Monopoly