Monopolistic Market
Monopolistic Market consists of one provider of a particular product. This type of market only exists when an organization has the right to be the seller and owns a patent. This guarantees an organization the ability to an exclusively right to manufacture or sale of a product. Because there is no direct competition an organization can sometimes determine their own price.
Oligopoly
This market is a market form in which a market is dominated by a few large suppliers. The degree of market concentration is very high. Firms in this type of market produce branded products and there are also barriers to entry. An other important characteristic of this type of market is the fact that firms must take into account how other firms might react in the market when making pricing and investment decisions.
Monopolist competition
This is an extremely common market form. At this type of market there are a lot of providers, each producing similar, but slightly differentiated products. This type of market competition is also known as heterogeneous polypoly. The differences of the product are based on quality, composition, design, packaging, advertising and distribution method. It is easier for the competition to enter this type of market.
Fully competition
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