You will be describing the four basic types of market structures in microeconomics.

• Identify the four basic market structures, from the best for consumers to being the best for producers.
• Describe each in terms of their distinguishing characteristics (e.g., monopolies have only one producer). Make sure you describe how the feature distinguishes the associated market structure from other market structures.

THIS HAS TO BE LONG WORDED..........

Could these companies lead to inefficiencies?Describe why?

1. Google
2. PayPal
3. Facebook