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Market structure - Coggle Diagram
Market structure
Perfect competition
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Describes a market structure whose assumptions are strong and therefore unlikely to exist in most real-word markets
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Monopoly
Is a dominant position of an industry or a sector by one company, to the point of excluding all other viable competitors.
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Oligopoly
Is a market structure with a small number of firms, none of which can keep the others from having significant influence
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Monopolistic competition
an industry in which many firms offer products or services that are similar (but not perfect) substitutes.
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