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Monopolistic Competition
A market structure where many firms sell similar but not identical products, allowing for some degree of market power.
Oligopoly
A market structure characterized by a small number of firms that have significant control over market prices and where strategic interactions between the firms play a crucial role.
Pure Monopoly
A market structure characterized by a single seller that controls the entire supply of a unique product or service, with no close substitutes, giving them significant market power.
Oligopolistic Market
A market structure characterized by a small number of large firms dominating the industry, leading to limited competition and significant influence over market prices.
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