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In my point of view I think that all market structures are not equal. When it comes to business abilities to compete against one another because the cost of the goods depends on the type of market it is in. For example, in a monopoly market the price is decided upon by the company that owns the products. However, in a perfect competition market the price is made to satisfy everyone, producers, sellers, and consumers.

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Monopoly market seems to be the least fair to consumers because it is being ran by a single person who has the power to raise the price of said item at any given moment.

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The perfect competition market seems to be the best market in my opinion because the market isn't ran by a single person, and everyone has a say.

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Monopolies and oligopolies markets differ because monopolies is when a single market is produces goods with no close substitute but, oligopolies are a small number of relatively large companies producing almost similar goods.

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Monopolistic competitive markets differ from perfect competition markets because monopolistic markets are producing different goods while perfect competition markets produce the same goods.

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https://www.youtube.com/watch?v=ZiuBWSFlfoU&ab_channel=JacobClifford

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https://www.youtube.com/watch?v=ElBF2D7IHAI&ab_channel=mjmfoodie

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https://www.youtube.com/watch?v=8a3gXThQeK0&ab_channel=JacobClifford

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https://www.youtube.com/watch?v=Z9e_7j9WzA0&ab_channel=JacobClifford

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The exclusive possession or control of the supply of or trade in a commodity or service.

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A state limited competition, in which a market is shared in a small number of producers or sellers.

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A type of imperfect competition such that there are many producers competing against each other, but selling products that are differentiated form one another hence are not perfect substitutes.

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A situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent and the market price of a commodity is beyond the control of individual buyers and sellers