Monopoly will be the market structure that will be suggested for the original song composition.
The markets can be divided broadly into four different types. The different types of market classified can be perfect competition, monopoly, oligopoly, and Monopolistic competition. The original song composition will be associated with the monopoly market as they are unique. So there will not be any competition that will be attached to them as the product will be unique like the case of the composition of original songs.
Perfect competition is a type of market structure where there will be a large number of buyers and sellers that exist selling a similar product. An oligopoly is a market structure where only a few sellers will be there selling the same product. Monopolistic competition is the market structure where they will be a large number of buyers and sellers.
Learn more about the different types of markets here:
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