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Enum: MarketStructureEnum

Competitive structure of industry markets

URI: valuesets:MarketStructureEnum

Permissible Values

Value Title Meaning Description Barriers Competition Competitors Concentration Examples Interdependence Pricing Products Regulation Strategy
PERFECT_COMPETITION Perfect Competition Many small firms with identical products no barriers to entry many small competitors agricultural commodities price takers homogeneous products
MONOPOLISTIC_COMPETITION Monopolistic Competition Many firms with differentiated products low barriers to entry many competitors restaurants, retail clothing some pricing power differentiated products
OLIGOPOLY Oligopoly Few large firms dominating the market significant barriers to entry few large competitors high market concentration automobiles, telecommunications strategic interdependence
MONOPOLY Monopoly Single firm controlling the market very high barriers to entry single market leader utilities, patented products price maker often regulated
DUOPOLY Duopoly Two firms dominating the market high barriers to entry head-to-head competition two dominant competitors aircraft manufacturing, some software markets strategic competition

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
instantiates:
- valuesets_meta:ValueSetEnumDefinition
description: Competitive structure of industry markets
title: Market Structure
from_schema: https://w3id.org/linkml/valuesets
contributors:
- orcid:0000-0002-6601-2165
- https://github.com/anthropics/claude-code
status: DRAFT
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