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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.There are two main types of markets for products, in which the forces of supply and demand operate quite differently, with some overlapping and borderline cases. In the first, the producer offers his goods and takes whatever price they will command; in the second, the producer sets his price and sells as much as the market will take.www.britannica.com/money/marketBroadly there are two classifications of markets – the product market and the factor market. The factor market refers to the market for the buying and selling of factors of production like land, capital, labor, etc.www.toppr.com/guides/business-economics/meani…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/
Types of Markets
- Underground Market An underground or black market refers to an illegal market where transactions occur without the knowledge of the government or other regulatory agencies. Many illegal markets exist to circumvent existing tax laws. ...
www.investopedia.com/terms/m/market.aspTypes 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. ...
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