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The name given to any of three market structures; monopolistic competition, oligopoly, and monopoly; that lacks one or more of the conditions required for perfect competition.

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A market structure characterized by a large number of well informed independent buyers a sellers who exchange identical products.

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A market structure with only one seller of a particular product

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A market structure in which a few very large sellers dominate the industry.

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Perfect Competition Short Run (1 of 2)- Old Version

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Monopolistic Competition- Short Run and Long Run- Micro 4.12