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(MONOPOLY (Price makers, One firm, No competitor, Few goods are truly…
(MONOPOLY (Price makers, One firm, No competitor, Few goods are truly unique, Barriers to entry, Do not have close substitutes, Costs of production make a single producer more efficient than a large number of producers), MONOPOLISTIC COMPETITION, PERFECT COMPETITION (Many sellers, Buyer remain same, Free entry or exit, buyers and seller must accept the price determined by the market, The goods offered by the varios sellers are largely the same, Each buyer and seller takes the market prices as given), (OLIGOPOLY (A few companies (norm up to 15), Many restictions, Types of product differentiated)))