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Study > Marketing- Types of Market Structures > Flashcards

Marketing- Types of Market Structures Flashcards

1
Q

Oligopoly

A

Common industry structure, occurs when a few companies control the majority of industry sales

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2
Q

Perfect Competition

A

Many sellers with a similar product

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3
Q

Monopolistic competition

A

Many sellers competing with sustainable products in a certain price range

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4
Q

Pure monopoly

A

Occurs when only one firm sells the product

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