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Pure Monopoly
A market structure where a single company or entity has exclusive control over the production and sale of a particular product or service.
Competitive Market
An economic market in which numerous producers compete against each other to satisfy the wants and needs of a large number of consumers.
Pure Monopoly
A pure monopoly occurs when a single company or entity is the sole provider of a particular product or service in a market, with no close substitutes.
Oligopolistic Competition
A market structure characterized by a small number of firms dominating the market, leading to limited competition and high barriers to entry for new competitors.
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