Traditionally, economists classify a market into one of four structures: [...], [...], [...], and [...]
Answer
perfect competition
monopolistic competition
oligopoly
monopoly.
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Open it Traditionally, economists classify a market into one of four structures: perfect competition, monopolistic competition, oligopoly, and monopoly.
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2. ANALYSIS OF MARKET STRUCTURES Traditionally, economists classify a market into one of four structures: perfect competition, monopolistic competition, oligopoly, and monopoly. Section 2.1 explains that four-way classification in more detail. Section 2.2 completes the introduction by providing and explaining the major points to evaluate in determining the stru
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