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Market Structures
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Table of Contents
Market Structures ............................................................................................................................ 3
Differences between perfect competition and monopolistic competition....................................... 3
Differences between monopolies and oligopolies .......................................................................... 4
Differences between monopolies and monopolistic competition ................................................... 4
Summary ......................................................................................................................................... 5
Works Cited .................................................................................................................................... 7

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Market Structures
These are the basic interconnected characteristics any given market (Rios, McConnell,
and Brue, 78). These characteristics are based on the relative strengths of sellers and buyers in
the market, the collusion degree among e participants, the forms and levels of competition, entry
and exit ease and product differentiation among other aspects (Rios, McConnell, and Brue, 78).
The four types of market structures are monopolies, oligopolies, monopolistic competitive
markets and finally the perfectly competitive ones. This paper seeks to address the ...