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COMPETITIVE MARKETS - Coggle Diagram
COMPETITIVE MARKETS
PERFECT COMPETITION
None of the agents can
Influence the price of
Esate
It's an unlikely economy
But it is a utt model
Services
IMPERFECT COMPETITION
Not freely uses
The laws of
Offer
Demand
Types
Monopoly
It is a market structure in which there is
A single supplier of a certain good or service
That is
A single company dominates the entire supply market.
Oligopoly
It is a market structure in which there are
Few relevant competitors
And each of them has a certain capacity
To influence the
Equilibrium price
Quantity.
Monopsony
It is a market structure in which there is
A single
Claimant
While there may be
One or more bidders
Buyer
Oligopsony
It is a type of market
In which there are
Few applicants
Although
There may be a large number of suppliers
Therefore
2 more items...