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The last stage of the team development process is usually:
Perfectly Competitive Market
A market structure characterized by a large number of small firms, a homogeneous product, free entry and exit, and perfect information where no single buyer or seller can influence the market price.
Competitive Market
A market structure characterized by a large number of buyers and sellers, free entry and exit, and a homogeneous product, ensuring no single entity can dictate the market price.
Monopolists
Firms or individuals that are the sole providers of a particular good or service, giving them significant market power.
Price Takers
Participants in a market who accept the prevailing market price because they do not have enough power to influence it.
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