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MATIUX OF COMPARISON MARKET STRUCTURE FEATURES Pure Competition Monopolistic Monopoly Oligopoly Competition Definition Pure competition is a Monopolistic A monopoly refers to An Oligopoly refers to market structure that competition is a type when a company and a market structure involves different of market structure its product offerings with a small number manufacturers where many dominate a sector or of firms, none of providing customers companies are industry. The term which can keep the with similar products. present in an monopoly is often others from having A large number of industry, and they used to describe an significant influence. homogenous goods, produce similar but entity that has total The concentration many sellers that can differentiated or near-total control ratio measures the easily enter the products. None of the of a market. market share of the market, and companies enjoy a largest firms. customers who have monopoly, and each full information about company operates the companies and independently their products create without regard to the a perfect actions of other environment for this companies. The market model. market structure is a form of imperfect competition. Kind of Products Example of Goodsenvironment for this companies. The market model. market structure is a form of imperfect competition. Kind of Products Example of Goods Number of Buyers Number of Sellers Curve Minimum Capital Entry and Exist in the Industry