Types of market 1. Perfect Competition: Many buyers and sellers with identical products. 2. Monopoly: Single seller dominating the market. 3. Monopolistic Competition: Many sellers offering differentiated products. 4. Oligopoly: Few large firms dominating the market. 5. Duopoly: Two firms control the market. 6. Monopsony: Single buyer in a market with many sellers. 7. Oligopsony: Few buyers in a market with many sellers.
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