Market Forms

• 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.

• Economics


• Industrial Organization


• Microeconomics .


• Macroeconomics ..

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

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