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What market structure tries to explain

What market structure tries to explain

Spectrum showing market structures from perfect competition to monopoly, with contestability, structural barriers, behavioural barriers, and regulators labelled

Market structure describes how competitive a market is. The four familiar cases form a spectrum from perfect competition through monopolistic competition and oligopoly to monopoly.

Background to market structures Lesson

  1. A Level
  2. /Economics
  3. /Background to market structures