Enum: MarketStructureEnum

Competitive structure of industry markets

Permissible Values

Value	Meaning	Description
PERFECT_COMPETITION	None	Many small firms with identical products
MONOPOLISTIC_COMPETITION	None	Many firms with differentiated products
OLIGOPOLY	None	Few large firms dominating the market
MONOPOLY	None	Single firm controlling the market
DUOPOLY	None	Two firms dominating the market

Slots

Name	Description
market_structure	Competitive structure of industry market

Identifier and Mapping Information

Schema Source

from schema: https://w3id.org/linkml/valuesets

LinkML Source

name: MarketStructureEnum
description: Competitive structure of industry markets
from_schema: https://w3id.org/linkml/valuesets
rank: 1000
permissible_values:
  PERFECT_COMPETITION:
    text: PERFECT_COMPETITION
    description: Many small firms with identical products
    annotations:
      competitors:
        tag: competitors
        value: many small competitors
      products:
        tag: products
        value: homogeneous products
      barriers:
        tag: barriers
        value: no barriers to entry
      pricing:
        tag: pricing
        value: price takers
      examples:
        tag: examples
        value: agricultural commodities
    title: Perfect Competition
  MONOPOLISTIC_COMPETITION:
    text: MONOPOLISTIC_COMPETITION
    description: Many firms with differentiated products
    annotations:
      competitors:
        tag: competitors
        value: many competitors
      products:
        tag: products
        value: differentiated products
      barriers:
        tag: barriers
        value: low barriers to entry
      pricing:
        tag: pricing
        value: some pricing power
      examples:
        tag: examples
        value: restaurants, retail clothing
    title: Monopolistic Competition
  OLIGOPOLY:
    text: OLIGOPOLY
    description: Few large firms dominating the market
    annotations:
      competitors:
        tag: competitors
        value: few large competitors
      concentration:
        tag: concentration
        value: high market concentration
      barriers:
        tag: barriers
        value: significant barriers to entry
      interdependence:
        tag: interdependence
        value: strategic interdependence
      examples:
        tag: examples
        value: automobiles, telecommunications
    title: Oligopoly
  MONOPOLY:
    text: MONOPOLY
    description: Single firm controlling the market
    annotations:
      competitors:
        tag: competitors
        value: single market leader
      barriers:
        tag: barriers
        value: very high barriers to entry
      pricing:
        tag: pricing
        value: price maker
      regulation:
        tag: regulation
        value: often regulated
      examples:
        tag: examples
        value: utilities, patented products
    title: Monopoly
  DUOPOLY:
    text: DUOPOLY
    description: Two firms dominating the market
    annotations:
      competitors:
        tag: competitors
        value: two dominant competitors
      competition:
        tag: competition
        value: head-to-head competition
      barriers:
        tag: barriers
        value: high barriers to entry
      strategy:
        tag: strategy
        value: strategic competition
      examples:
        tag: examples
        value: aircraft manufacturing, some software markets
    title: Duopoly