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How many types of competitions are there in Market? Which market structure is the most beneficial as a producer?

Answer»

ong>Answer:PERFECT COMPETITION is an ideal type of market structure where all producers and consumers have full and symmetric information, no transaction costs, where there are a large NUMBER of producers and consumers competing with one another. Perfect competition is theoretically the opposite of a monopolistic market.

Explanation:Economic market STRUCTURES can be grouped into FOUR categories: perfect competition, monopolistic competition, oligopoly, and monopoly.

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