many other firms make similar products that compete for the same customers.
Figure 16-1 summarizes the four types of market structure. The first question
to ask about any market is how many firms there are. If there is only one firm,
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market is a monopoly. If there are only a few firms,
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there are many firms,
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or differentiated products? If the many firms sell differentiated products,
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ket is monopolistically competitive. If the many firms sell identical products,
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market is perfectly competitive.
cheap San Jose Sharks Jerseys Principles of Econom
Linear Mode
