Business Studies, asked by bhaskarkushwah9563, 2 months ago

Types of market in your locality

Answers

Answered by Anonymous

Answer:

Economic market structures can be grouped into four categories: perfect competition, monopolistic competition, oligopoly, and monopoly.

The categories differ because of the following characteristics: The number of producers is many in perfect and monopolistic competition, few in oligopoly, and one in monopoly.

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