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  2. 4 different types of markets
    There are four main types of market structures12:
    1. Perfect competition: Many small firms selling identical products.
    2. Monopolistic competition: Many firms selling similar but not identical products.
    3. Oligopoly: A few large firms dominate the market.
    4. Monopoly: A single firm controls the entire market.
    Learn more:
    4 different types of markets
    Four basic types of market structure characterize most economies: perfect competition, monopolistic competition, oligopoly, and monopoly. Each of them has its own set of characteristics and assumptions, which in turn affect the decision-making of firms and the profits they can make.
    quickonomics.com/market-structures/
    4 different types of markets
    The four main types of market structures are perfect competition, monopolistic competition, oligopoly and monopoly.
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