What can be concluded from the data presented in this figure?
Definitions:
Oligopolistic Firms
Companies operating in a market structure characterized by a small number of firms controlling a large market share, often leading to limited competition.
Pure Monopoly
A market structure where a single seller controls the entire market for a particular product or service, with no close substitutes available.
Pure Competition
A market situation characterized by an infinite number of buyers and sellers, homogeneous products, and no barriers to entry or exit.
Monopolistically Competitive
A market structure where many firms sell products that are similar but not identical, allowing for significant influence over price due to product differentiation.
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