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  • International Business Trade Seatwork

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    Maia Carmela Jose
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    The document defines different market structures: 1) Monopoly - A single seller of a unique product with no competition. Examples given are Meralco and Grab. 2) Monopsony - A single buyer of a commodity or service. Examples given are road construction companies and company towns. 3) Middlemen - Intermediaries between producers and consumers, such as wholesalers/retailers and agents. 4) Oligopoly - A market dominated by a small number of interdependent sellers, such as aircraft manufacturers and TV networks in the Philippines.

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    The document defines different market structures: 1) Monopoly - A single seller of a unique product with no competition. Examples given are Meralco and Grab. 2) Monopsony - A single buyer of a commodity or service. Examples given are road construction companies and company towns. 3) Middlemen - Intermediaries between producers and consumers, such as wholesalers/retailers and agents. 4) Oligopoly - A market dominated by a small number of interdependent sellers, such as aircraft manufacturers and TV networks in the Philippines.

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    24 views2 pages

    International Business Trade Seatwork

    Uploaded by

    Maia Carmela Jose
    The document defines different market structures: 1) Monopoly - A single seller of a unique product with no competition. Examples given are Meralco and Grab. 2) Monopsony - A single buyer of a commodity or service. Examples given are road construction companies and company towns. 3) Middlemen - Intermediaries between producers and consumers, such as wholesalers/retailers and agents. 4) Oligopoly - A market dominated by a small number of interdependent sellers, such as aircraft manufacturers and TV networks in the Philippines.

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    of 2

    International Business Trade

    Section: 12032 / TTh 8:30-10:00AM

    Seatwork

    Non-competitive behavior Definition Examples


    1. Meralco - granted by
    A market structure characterized the government to solely
    by a single seller, selling a distribute electricity
    Monopoly unique product in the market. within its franchise area.
    It is illegal to distribute
    electricity other than
    Meralco.
    2. Grab - Grab became the
    lone ride-hailing
    company in the
    Philippine market.
    Refers to a market situation 1. Road Construction
    Monopsony when there is a single buyer of Companies – in which
    commodity or service. there are many suppliers
    and but only one
    significant buyer (the
    government).
    2. Labor Market: A
    “company town” or a
    single employer that
    hires for an entire
    industry (i.e nuclear
    power plant) – There
    are many applicants, but
    the company decides
    who to hire and can
    drive the wages down.
    A dealer, agent, or company 1. Merchants (i.e
    intermediate between the Wholesaler/Retailer) –
    Middlemen producer of goods and the Wholesaler or retailers
    retailer or consumer serve as middlemen
    between the supplier and
    buying customers.
    2. Agents (brokers) –
    serves as middlemen
    between the organization
    where the goods/service
    and the buying
    customer.
    Is a market form in which a 1. Airbus, Boeing,
    market or industry dominated Bombardier, Embraer,
    by a small number of sellers or Tupoloev – are the
    Oligopoly is a situation where few large major manufacturers of
    firms compete against each aircrafts and there is an
    other and there is an element of interdependence in
    interdependence in decision decision making such as
    making of these firms. safety for pilots,
    passengers, comfort
    while travelling are all in
    the aviation business.
    2. TV Networks – GMA,
    ABS-CBN, TV5.

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