A perfectly competitive market is a market structure characterized.
Market structure refers to how different industries are categorized and differentiated based on the degree and type of competition for services and goods. four general types of market structure include perfect competition, oligopoly market, monopoly market, and monopolistic competition.
Economic market structures can be divided into four categories: perfect competition, monopolistic competition, oligopoly, and monopoly. The categories are distinguished by the following characteristics: the number of producers is large in monopolistic competition, few in oligopoly, and one in monopoly.
“Market structure” refers to the various market characteristics that determine the relationships between sellers, sellers, buyers, etc.
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