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SSSSS [86.1K]
3 years ago
10

The four types of market structures we study in economics are perfect competition, monopoly, oligopoly, and monopsony.

Law
1 answer:
V125BC [204]3 years ago
6 0

Answer:

The overview according to the definition of the query is listed in the following part of the clarification.

Explanation:

  • Perfect rivalry or competition defines a business system in which a vast handful of similar competitors compete with homogeneous goods against each other.
  • Monopolistic, respectively, refers to a business system where a vast number of individual companies compete with distinct goods against one another and.
  • An Oligopoly defines a system of the economy where a limited number of businesses are competing against one another and.
  • A monopoly depends on the business system where every other market is dominated by a single company.
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