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FIRMS IN COMPETITIVE MARKET - Coggle Diagram
FIRMS IN COMPETITIVE MARKET
Perfect competitions
Large no.
Homogenous
Very easy
None
Infinite
Wheat & corn
Monopolistic
Large
Differentiate
Relatively easy
Some
Large
Food & clothing
Oligopoly
Few
Homogenous
Significant obstacles
Some
Small
Automobiles, aviation, industry & cigarettes
Monopoly
1
Unique: No substitutes
Blocked
Considerable
Very small
Water supply, electricity & rail service