describe various types of markets short answer
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The five major market system types are Perfect Competition, Monopoly, Oligopoly, Monopolistic Competition and Monopsony.
Explanation:
A market is where buyer and seller are involved in the sale and purchase of goods. It establishes a link between the producer and the consumer. There are different kinds of markets namely; weekly market, shops, shopping complex or mall.
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Answer:
The five major market system types are Perfect Competition, Monopoly, Oligopoly, Monopolistic Competition and Monopsony.
Explanation:
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