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  • Perfect Competition , in which the market consists of a very large number of firms producing a homogeneous product.

  • Monopolistic Competition , also called competitive market, where there are a large number of independent firms which have a very small proportion of the market share.

  • Oligopoly , in which a market is dominated by a small number of firms which own more than 40% of the market share.

  • Oligopsony , a market dominated by many sellers and a few buyers.

  • Monopoly , where there is only one provider of a product or service.

  • Natural Monopoly , a monopoly in which Economies Of Scale cause efficiency to increase continuously with the size of the firm.

  • Monopsony , when there is only one buyer in a market.


These somewhat abstract concerns tend to determine some but not all details of a specific concrete Market System where buyers and sellers actually meet and commit to Trade .


SEE ALSO



EXTERNAL LINKS

  • Microeconomics by Elmer G. Wiens: Online Interactive Models of Oligopoly, Differentiated Oligopoly, and Monopolistic Competition



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