Competition - Mind Map

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• Self Regulation
  • PCC
  • Portman-Group
  • BMA
• Legal Framework
  • Weights and Measures
  • Sale of Goods
  • Trade Descriptions
  • Trading Standards
  • Environmental Health
  • Employment law
  • Food Safety
  • Consumer Protection
  • Labelling
  • Data Protection
  • Hazardous substances
  • Disability rights
• Market Structure
  • Perfect Competition
    • Many buyers and sellers
    • Identical products
    • Perfect knowledge
    • Price takers
  • Imperfect or monopolistic competition
    • Many buyers and sellers
    • Differentiated products
    • Some control overprice
  • Oligolpoly
    • Concentration ratio
    • Industry dominated by small number of large firms
    • Price Stability?
    • Non-Price Competition
    • Collusion?
  • Duopoly
    • Industry dominated by two large firms
    • Price leadership
  • Monopoly
    • Firm = industry
    • Natural monopolies
    • 25% + Market Share
    • Potential for exploitation
• Advertising (ASA)
• Competition Commission
  See also: Competition
• OFT
• Regulation
  • The Regulatory Reform Act 2001
  • Patents
  • Licences
  • Standards
  • Health and Safety
  • Planning
  • Competition
  • Former State Owned Monopolies (Of...)