Market Structure Explained in 1 Minute | SS3 Economics #economics
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Market Structure Explained in 1 Minute | SS3 Economics #economics
What is Market Structure in Economics? It’s how markets are organized based on competition, products, and price control. 👉 The 4 main types are: Perfect Competition – many sellers, no price control Monopoly – one seller dominates Oligopoly – few big firms control the market Monopolistic Competition – many sellers, similar but ...
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