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- There are five major types of market systems1234:
- Perfect Competition: Many buyers and sellers.
- Monopoly: Only one company producing a certain product or service.
- Oligopoly: A few firms dominate the market.
- Monopolistic Competition: Many firms selling similar but differentiated products.
- Monopsony: Only one buyer for a product or service.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.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. ...
www.indeed.com/career-advice/career-developme…The five major market system types are Perfect Competition, Monopoly, Oligopoly, Monopolistic Competition and Monopsony.smallbusiness.chron.com/5-different-types-market-…They include perfect competition, oligopoly market, monopoly market, and monopolistic competition.corporatefinanceinstitute.com/resources/economic…Monopoly (one firm), Oligopoly (a few firms) + monopolistic competition, contestable markets and collusion.www.economicshelp.org/microessays/markets/ - People also ask
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