Question

Apart from retail and wholesale markets,what sre the different types of markets

Answer 1

There are five different types of markets  

Explanation:

1- Monopoly:

A market with only one producer of a specific product or service and there is no competition .

2-Oligopoly

It is a type of market where there is a small majority of the producers who dominate the market .

3-Monopolistic Competition with Numerous Competitors .

A type of market with a mixture of monopoly and perfect competition.

Learn more about Monopoly here:

What is monopoly market?

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