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Summary
- Market structure refers to how different industries are classified and differentiated based on their degree and nature of competition for services and goods.
- The four popular types of market structures include perfect competition, oligopoly market, monopoly market, and monopolistic competition.
- Market structures show the relations between sellers and other sellers, sellers to buyers, or more.
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Market Structure - Overview, Definition, Features, and Types
- 1. Perfect Competition
- Perfect competition occurs when there is a large number of small companies competing against each other. They sell similar products (homogeneous), lack pric…
- 2. Monopolistic Competition See more
In economics, market structures can be understood well by closely examining an array of factors or features exhibited by different players. It … See more
Thank you for reading CFI’s guide on Market Structure. To keep learning and developing your knowledge of financial analysis, we highly recommend the additional resources below: 1. BCG Matrix 2. Herfindahl … See more
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Market structure, in economics, depicts how firms are differentiated and categorised based on the types of goods they sell (homogeneous/heterogeneous) and how their operations are affected by external factors and elements. Market structure makes it easier to understand the characteristics of diverse markets.
Wikipedia · Text under CC-BY-SA license- Estimated Reading Time: 10 mins
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