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  2. Perfect competition, monopolistic competition, oligopoly, and monopoly
    • According to 3 sources
    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.
    The four main types of market structures are perfect competition, monopolistic competition, oligopoly and monopoly. The more competitors in a market, the more likely it is that prices can stay fair and competitive for customers, and in some oligopoly and monopoly markets, government regulations can keep companies from charging unfair prices.
    Market structure can be divided into four main categories: perfect competition, monopolistic competition, oligopoly, and monopoly. The market structure depends on several factors, such as the number of buyers and sellers, bargaining power, level of competition, product differentiation, and market accessibility.
     
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