Question

Define different types of markets​

Answer 1

Physical Markets - Physical market is a set up where buyers can physically meet the sellers and purchase the desired merchandise from them in exchange of money. Non Physical Markets/Virtual markets - In such markets, buyers purchase goods and services through internet

Answer 2

Answer:

Physical Markets - Physical market is a set up where buyers can physically meet the sellers and purchase the desired merchandise from them in exchange of money. Non Physical Markets/Virtual markets - In such markets, buyers purchase goods and services through internet. ...

There are four basic types of market structures.

Pure Competition. Pure or perfect competition is a market structure defined by a large number of small firms competing against each other. ...

Monopolistic Competition. ...

Oligopoly. ...

Pure Monopoly.