4 types of business markets - Search
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  2. Perfect competition, monopolistic competition, oligopoly, and monopoly
    • According to 2 sources
    Four basic types of market structure characterize most economies: perfect competition, monopolistic competition, oligopoly, and monopoly. Each of them has its own set of characteristics and assumptions, which in turn affect the decision-making of firms and the profits they can make.
    The four main types of market structures are perfect competition, monopolistic competition, oligopoly and monopoly.
     
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    What is a market in business?In a **business market**, a company uses a method to sell products or services to a specific group of consumers.Typically, business markets facilitate sales from one business to another in cases where
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