Question

How many basic types of market are present? Explain with example?

Answer 1

four basic types

There are four basic types of market structures: perfect competition, imperfect competition, oligopoly, and monopoly.

Answer 2

Explanation:

There are four basic types of market structures: perfect competition, imperfect competition, oligopoly, and monopoly. Perfect competition describes a market structure, where a large number of small firms compete against each other with homogenous products.