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Perfect and Imperfect competition - Coggle Diagram

- - - - Marketing effects price control
      - Many firms
      - easy entry and exit
      - Some control over price
      - Differentiated products
    - - large number of firms
      - no price competition
      - Easy entry and exit
      - no price control
      - standardized products
    - - One firm
      - Unique products
      - Considerable control over price
      - Blocked entry and exit
      - Advertising main form of price control
    - - Great deal on price control
      - Few firms
      - Hard entry and exit
      - Price limited by inter dependence
      - Standardized products
- - - - Allocative inefficiency
        
        P> min ATC
      - Productive inefficiency
        
        P> MC=ATC
      - Excess capacity