Question
Define Different Market Types Number of firms One Several Many Many Any influence on market price? Yes Yes Yes No (price taker) Product substitutability Unique
Define Different Market Types
| Number of firms | One | Several | Many | Many |
| Any influence on market price? | Yes | Yes | Yes | No (price taker) |
| Product substitutability | Unique | Perfectly substitutable | Differentiable | Perfectly substitutable |
| Entry barriers | Yes | Yes | None | None |
| Market type |
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Fundamentals Of Management
Authors: Ricky Griffin
10th Edition
0357517342, 978-0357517345
