forms of market project 12th class
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Secondary School Social sciences 5 points
Economics project class 12 forms of market
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Forms of market :The major market forms are:
Perfect competition: there are many numbers of buyers as well as many numbers of sellers.Monopolistic competition, also called competitive market: there are a large number of independent firms. Each firm has a very small proportion of the market share.Oligopoly: A market is dominated by a small number of firms which own more than 40% of the market share.Oligopsony: A market dominated by many sellers and a few buyers.Monopoly: There is only one seller and many number of buyers.Natural monopoly: A monopoly in which economies of scale cause efficiency to increase continuously with the size of the firm.Monopsony: There is only one buyer in the market.
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