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Running head: PRINCIPLES OF MARKET
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Principles of market
Student’s name
Institution
Date
PRINCIPLES OF MARKET
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1. What are the four different types of market structures?
a) Monopoly Market Structure
b) Monopolistic Competition Market Structure
c) Perfect Competition Market Structure
d) Oligopoly Market Structure
2. In two or more sentences provide at least 3 or more characteristics that separate a
perfectly competitive market structure from a monopolistic market structure?
One of the key differentiating characteristics of a perfectly competitive market structure is that
there are many sellers selling similar goods to the buyers while in monopolistic market
structures, there are numerous sellers, selling close substitute goods to the buyers. Another
characteris...