Four market structures comparison
The four market structures are perfect competition, monopolistic competition, oligopoly, and monopoly. These four market structures are described based on…
four market structures
The four market structures are perfect competition, monopolistic competition, oligopoly, and monopoly.
These four market structures are described based on the number of firms competing for the demand of consumers, the nature of costs, the extent of barriers to entry and also the bargaining power of consumers on the demand–side of the market.
Among these market structures, monopolistic competition, oligopoly and monopoly can be considered as imperfect competitive market structures.
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