various types of market structure
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Pure or perfect competition:- is a market structure defined by a large number of small firms competing against each other.
Monopolistic Competition:-
Like pure competition, monopolistic competition is a market structure referring to a large number of small firms competing against each other.
Oligopoly
An oligopoly is dominated by a few firms, resulting in limited competition. They can collaborate with or compete against each other to use their collective market.
Pure Monopoly
A monopoly exists when there’s a single firm that controls the entire market. The firm and industry are synonymous.
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