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About Lecture Notes Lecture Market Structure PDF
The document outlines the key assumptions and characteristics of four market structures: perfect competition, monopolistic competition, oligopoly, and monopoly. Perfect competition is characterized by many small sellers and buyers, standardized products, no barriers to entry, and no firm can influence the market price. Monopolistic competition has many sellers and differentiated products, with minimal price differences. Oligopoly has a small number of sellers producing either homogeneous or differentiated goods, with barriers to entry. Monopoly is dominated by a single seller with full control over price and unique product.
Detailed Information
| Author: | ['keerthanasubramani'] |
|---|---|
| Publication Year: | 2016 |
| Pages: | 5 |
| Language: | English |
| Format: | |
| Price: | FREE |
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