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- Examples of each market structure include12:
- Perfect competition: Many firms, identical products.
- Monopoly: One firm dominates the market.
- Oligopoly: A few firms control the majority of the market share.
- Monopolistic competition: Many firms, slightly differentiated products.
- Duopoly: A special case of oligopoly with two firms.
Learn more:âś•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 structure 1. Perfect competition (many firms) 2. Monopoly (one firm), Oligopoly (a few firms) + monopolistic competition, contestable markets and collusion.www.economicshelp.org/microessays/markets/The types of market structures include the following:
- Monopolistic competition, also called competitive market, where there is a large number of firms, each having a small proportion of the market share and slightly differentiated products.
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