Business, Legal & Accounting Glossary
The collection of factors that determine how buyers and sellers interact in a market, how prices change, and how different levels of the production and selling processes interact. The four basic types of market structure include oligopolies, monopolies, perfect competition, and monopsony (where only one buyer is present in the market).
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This glossary post was last updated: 20th November, 2021 | 0 Views.