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- There are three different kinds of markets123:
- Monopoly: A market with only one firm producing a certain product or service.
- Oligopoly: A market with a few firms, none of which can hold the others back from having a critical impact.
- Perfect competition: A market with almost unlimited buyers and sellers.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Types of the market:
- Monopoly: A monopolistic market is a market formation with the qualities of a pure market. ...
- Oligopoly: An oligopoly is a market form with a few firms, none of which can hold the others back from having a critical impact. ...
byjus.com/commerce/forms-of-market/Monopoly (one firm), Oligopoly (a few firms) + monopolistic competition, contestable markets and collusion.www.economicshelp.org/microessays/markets/Different types of market systems and structures
- 1. Perfect competition A perfect competition market system occurs in situations where there are almost unlimited buyers and sellers. ...
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