What is the Difference Between a Monopoly, Oligopoly, and Pure Competition

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When we look at the types of competition markets find themselves in we see that that can have a huge impact on the pricing in a market. Here we look at monopoly, oligopoly, competition, and pure competition to give you an idea about what kind of competition is found in markets.
Copyright Mark Wolters 2020

#marketing #principlesofmarketing #competition
Topic 13: Pricing

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This was extremely helpful in understanding their differences! I have a couple of Economics exams coming up. I'm hoping I'll be able to pass them. Thank you so much.

juliannedeguzman
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What do you call it when one company manufactures most(95% or more) of the product, but a lot of different companies rebrand and sale said product?
Also said manufacturer sales direct to customers.

trailmix
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Hello professor, is perfect competition different from pure competition?

septemberalegado