ECONOMICS
COMPETITION AND MARKET STRUCTURES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Pure, Monopolistic, Oligopoly, Monopoly
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Life, Clue, Monopoly, Twister
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Traditional, Monopolistic, Command, Monopoly
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Perfect, Monopolistic, Mixed, Capitalism
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Detailed explanation-1: -Pure Competition. Pure or perfect competition is a market structure defined by a large number of small firms competing against each other. Monopolistic Competition. Oligopoly. Pure Monopoly. 28-Nov-2017
Detailed explanation-2: -Economic market structures can be grouped into four categories: perfect competition, monopolistic competition, oligopoly, and monopoly. The categories differ because of the following characteristics: The number of producers is many in perfect and monopolistic competition, few in oligopoly, and one in monopoly.
Detailed explanation-3: -There are four types of competition in a free market system: perfect competition, monopolistic competition, oligopoly, and monopoly.
Detailed explanation-4: -The four popular types of market structures include perfect competition, oligopoly market, monopoly market, and monopolistic competition. Market structures show the relations between sellers and other sellers, sellers to buyers, or more.
Detailed explanation-5: -An oligopoly will allow more than one honcho to co-exist, and a monopolistic competition will allow several players to enter into the market, while a monopoly will essentially be the one that stands apart and rules the entire demand and supply chain in the particular field of selection.