Direction: Choose the correct answer

OLIGOPOLY

PERSONAL SELLINGS

SERVICES

MONOPOLY

PRICE

DISTRIBUTOR

MARKETING

BARRIER

PLACE

ADVERTISING

MARKET

PRODUCT

DEMAND

COST

CAPITAL

MARKET

PUBLIC RELATIONS

SALES

_____________________1. Referring to market letters where there are few sellers or firms that dominate the market.

_____________________2. The geographical area where a number of potential customers exists

_____________________3. Broadcasting or giving information to the public about the products

_____________________4. Referring to informing and persuading the buyer to buy the products on a personal basis

_____________________5. Referring to market situation where there is only one seller selling unique products

_____________________6. It is providing goods and services to customers to meet their needs and wants

_____________________7. Referring to real product and service

_____________________8. It is referring to how much the product is

_____________________9. It is where the products are distributed

_____________________10. Referring to a place, but it is a system

Direction: Classify the following characteristics of market structure according to:

a. pure competition b. monopolistic competition c. oligopoly d. monopoly

Write the letter of the correct answer ____________1. There is one seller in the market ____________2. The product is identical ____________3. There are very difficult barriers to enter in a market ____________4. There are few sellers in a market ____________5. The products are similar ____________6. The barriers to enter in a market are difficult ____________7. The number of sellers is many ____________8. The barriers to entry are very easy ____________9. The products are standardized ____________10. The barriers to entry are easy

Direction: Complete the table below. Compute the TOTAL RECEIPTS, TOTAL COST, and PROFITS of the given figure below. Then make an analysis about the price and profits in a monopoly when cost per unit is fixed.

PRICE PER QUANTITY TOTAL COST PER TOTAL PROFITS PIECE SOLD RECEIPTS PIECE COST P7.25 750 P3.75 7.50 700 3.75 7.75 650 3.75 8.00 600 3.75 8.25 550 3.75 8.50 500 3.75 8.75 450 3.75 9.00 400 3.75 9.25 350 3.75 9.50 300 3.75