Compare and contrast the four different market structures (perfect competition, monopoly, monopolistic competition, and oligopoly). Select an...

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Economics

Compare and contrast the four different market structures(perfect competition, monopoly, monopolistic competition, andoligopoly). Select an organization with which you are familiar andidentify the market structure of that organization. Evaluate theeffectiveness of this structure for the organization. For yourselected organization, summarize the factors that affect laborsupply and demand.

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MARKET STRUCTURE Following were the different kibds of market structure that characterized the economy are PERFECT COMPETITION It is describe as the markwt where large number of small firms compete against each otherIn this market single firm does not have significant power The idea of perfect competition builds on several assumptions 1 all firms looking for maximization of their profits 2 there is free entry and exit to the market 3 all firms sell completely See Answer

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