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Market structure :
In economics, market structure (also known as the number of firms producing
identical products).
Perfect Market
Imperfect Market
PERFECT MARKET:
Agriculture?
IMPERFECT MARKET :
Products differentiated
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Examples
Monopoly
Oligopoly
Duopoly
Monopoly
Monopoly market situation where a single seller exists and has complete control over an
industry
OR
A situation in which a single company owns all or nearly all of the market for a given
type of product or service. This would happen in the case that there is a barrier to entry
into the industry that allows the single company to operate without competition (for
example, vast economies of scale, barriers to entry, or governmental regulation). In such
an industry structure, the producer will often produce a volume that is less than the
amount which would maximize social welfare.
Oligopoly
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