2588952
Description
Mind Map by Soyful Alam, updated more than 1 year ago
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Created by Soyful Alam
over 9 years ago
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Different
Market
Structures
- Monopolies
- Where one firm has complete control over the market
- Full market power and
consumers have no choice than
to buy the product from the
monopolist
- Where one firm has complete control over the market
- Oligopoly
- Few big firms dominate the market
- Market power of 25%
- Few big firms dominate the market
- features of perfect comepetitive market
- Homogenous products
- Perfect information
- Price takers
- No barriers to entry or exit
- Homogenous products
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